This up and coming altcoin will move after SOL’s explosive price action, according to top analysts

A prominent analyst says he sees an emerging altcoin that could follow the explosive price action from the Solana smart contract platform.

Known in the industry by the nickname Inmortal, he told his 66,600 Twitter followers that he was considering Cosmos (ATOM), a project designed to help developers build various tradable blockchains and share data for a decentralized blockchain network create. ATOM will be the next Solana (SOL), a cryptocurrency that has risen nearly 350% in the past 30 days, the analyst said, according to CoinGecko.

“FOMO (fear of missing out) is about to begin. ATOM“.

ATOM / USDT and SOL / USDT daily charts | The source: Immortal / Twitter

The crypto analyst is also looking at the ATOM / BTC pair. According to Inmortal, ATOM / BTC needs to convert resistance at 0.00055 (USD 25) to support in order to trigger a parabolic surge.

“One of the longest accumulation areas in the ALT / BTC pairs (+800 days). If ATOM / BTC flips this in support, I think a parabolic rally will follow. “

ATOM / BTC daily chart | The source: Immortal / trade view

If ATOM / BTC moves according to Inmortal’s scenario, the pair can rebound to 0.002 BTC ($ 91.14), a potential increase of over 230% from its current price of 0.0006 BTC, or $ 27.34 .

Inmortal is also closely monitoring the price development of Ethereum. The analyst believes the ETH move below $ 3,400 is a good buying opportunity.

“I see an opportunity here. Sweep stop loss + strong jump from the key level.

I would buy any dip below $ 3,400 and target $ 3,800 (breakout) now. “

ETHUSDT 4-hour chart | The source: Immortal / Twitter

Here you can see the ATOM and ETH prices.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

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