Widely followed trader Inmortal says there will be huge rallies this year for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and one additional altcoin.
The pseudonymous trader tells his 214,000 followers on the social media platform
Inmortal mentions API3’s recent strategy financing round led by digital asset investment firm DWF labs and the bullish technical data on the altcoin chart.
“API3 is about to ship.
API3 has successfully completed a strategic financing round, allocating government bonds in exchange for four million USDC.
About the graph? nothing more to add, it’s just hyper bullish.
> +600 days of accumulation over
> Clean retest of acc zone.
Send it.”
Looking at the trader’s chart, he seems to predict that the Ethereum-based altcoins will reach $6. At the time of writing, API3 is trading at $3.37, up more than 9% in the past day.
Looking at the broader markets, Inmortal is to predict strong 2024 results for BTC, ETH and SOL. According to the analyst, the coming months are likely to be quiet for much of the digital asset markets, but he expects a full-fledged “parabolic uptrend” in the fourth quarter.
“> Boring June-July (chopping + some traps for both sides)
> Uptrend resumes in August
> Parabolic trend throughout the fourth quarter
BTC goes above $100,000, ETH above $10,000, $SOL above $500.
Altcoins do a x2-x5
Charts never lie.”
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Featured image: Shutterstock/Salamahin/Viktoriia Bondarenko