A well-known cryptocurrency trader believes that Solana (SOL) has experienced its final significant correction for this market cycle. Inmortal, an anonymous analyst, shares on the social media platform X that SOL bulls successfully defended support at $120. According to Inmortal’s chart, the blue-chip altcoin is now positioned to reach a new high of $320 in 2024.

At the time of writing, SOL is valued at $153.45, indicating a potential upside of nearly 110% if the altcoin reaches the analyst’s target. In addition to Solana, Inmortal predicts that three memecoins, including Floki (FLOKI), will also experience a rally. The trader is closely monitoring Floki, which appears bullish after retesting the 200 moving average on the eight-hour chart and reclaiming support at $0.00015. Inmortal expects FLOKI to dip to around $0.00017 before surging to $0.00025 later this month.

Inmortal believes that if SOL rises, FLOKI, DOGE, and PEPE will also rise. The trader is particularly interested in FLOKI due to its deviation, retest, and 200 MA factors. At the time of writing, FLOKI is trading at $0.000179.

Another coin that has caught the trader’s attention is Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming. Inmortal suggests that SFUND is currently solidifying the $2.60 level as support after retesting a 578-day accumulation for the second time. According to the chart, the trader predicts that SFUND will rally to $6 in the coming months. At the time of writing, SFUND is trading at $2.65.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.