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Insights & Warnings: Expert Analyst on Solana (SOL), Bitcoin (BTC) and Chainlink (LINK)

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  • Crypto analyst “Inmortal” predicts a deceptive price drop for Solana (SOL) before it rebounds stronger.
  • Chainlink (LINK) is poised for a significant breakout after a long period of accumulation, while Bitcoin (BTC) indicates a beneficial risk-to-reward setup.

In a realm where volatility is the norm, the Ethereum competitor Solana (SOL), has captured the attention of famed crypto analyst “Inmortal.” Alongside the top-tier cryptocurrency Bitcoin (BTC), and the decentralized oracle network Chainlink (LINK), the insights shared by Inmortal promise an intriguing outlook for these digital assets.

Solana: A Deceptive Dip Before a Robust Rebound

The pseudonymous Inmortal, who commands the attention of 195,000 Twitter followers, cautions that Solana is primed for an intense price drop below the $20 mark. According to his forecast, this downturn is merely a temporary setback, or a “fakeout,” before SOL bounces back stronger, projected to cross $30. This apparent paradoxical market movement serves as a reminder that in the cryptoverse, initial trends can often be misleading. At the point of writing, SOL stands at $24.49, seemingly poised for Inmortal’s predicted dramatic fluctuation.

Chainlink: The Promise of a Power Surge Post Accumulation

In the case of Chainlink, the decentralized oracle network has reportedly been operating within a markedly prolonged accumulation zone. Inmortal posits that this extended phase of consolidation for LINK signals a potential enormous breakout on the horizon. Crypto markets often follow a cycle of accumulation before a sizeable price increase, a pattern Inmortal identifies in Chainlink’s market dynamics. LINK is valued at $7.62 at the time of writing, with the analyst’s prediction suggesting a promising future.

Bitcoin: A Classic Deviation Set-up Unveiled

Turning his analytical gaze onto Bitcoin, the reigning monarch of the crypto domain, Inmortal discerns a “classic deviation setup.” This market behavior is characterized by the price dipping below an identifiable support level, luring bears into short positions, before a reversal back to the support level ensues. Adding to this observation, Inmortal underlines that the current price of Bitcoin offers an appealing risk-to-reward (R:R) proposition, hinting at potential gains. As of now, BTC trades at a value of $29,403, its future market movements anticipated with bated breath by investors worldwide.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628