Altcoins

Trader Says Ethereum-Based Altcoin ‘About To Get Sent,’ Predicts Massive Q4 Rallies for Bitcoin, ETH and Solana

Broadly adopted dealer Inmortal says this yr will see huge rallies for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and one extra altcoin.

The pseudonymous dealer tells his 214,000 followers on the social media platform X that API3 (API3), a decentralized information oracle community that goals to attach conventional APIs with blockchain functions, is able to “get sent” after a protracted consolidation interval.

Inmortal mentions API3’s latest strategic funding round led by digital asset funding agency DWF labs and the bullish technicals on the altcoin’s chart.

“API3 about to get despatched.

API3 has efficiently concluded a strategic funding spherical, allocating treasury belongings in alternate for 4 million USDC.

Concerning the chart? nothing extra so as to add, it’s simply hyper bullish.

> +600 days accumulation over
> Clear retest of acc zone.

Ship it.”

Supply: Inmortal/X

Wanting on the dealer’s chart, he appears to foretell that the Ethereum-based altcoins will hit $6. At time of writing, API3 is buying and selling at $3.37, up over 9% prior to now day.

Wanting on the broader markets, Inmortal is predicting robust 2024 finishes for BTC, ETH and SOL. Based on the analyst, the following couple of months will seemingly be uneventful for a lot of the digital asset markets however expects a full-blown “parabolic uptrend” in Q4.

“> Boring June-July (chop + some traps for each side)
> Uptrend resume in August
> Parabolic pattern all Q4

BTC goes above $100,000, ETH above $10,000, $SOL above $500.
Altcoins do a x2-x5

Charts by no means lie.”

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