Steep Rally Loading Up for Decentralized Finance (DeFi) Altcoin, According to Crypto Strategist

Steep Rally Loading Up for Decentralized Finance (DeFi) Altcoin, According to Crypto Strategist

A closely followed crypto trader believes that one decentralized finance altcoin is setting the stage for a huge rally.

Pseudonymous crypto analyst Inmortal tells his 202,300 followers on the social media platform X that Radix (XRD) could soar by more than 51% from its current value.

“Respecting the squiggly perfectly. Breakout plus retest completed. Impulse uploading.”

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Source: Inmortal/X

Looking at his chart, the trader suggests that Radix will soar to the $0.0850 after retesting the $0.0500 level.

Radix is trading for $0.0562 at time of writing, up 10.8% in the last 24 hours.

Next up, the trader is predicting that Solana (SOL) could reclaim $64 after a retest of the $50 level, which has acted as support in the past.

“Those equal lows have been made to be taken. Can we do $50 then $64? Thanks!”

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Source: Inmortal/X

Solana is trading for $59.16 at time of writing, up 1.9% in the last 24 hours.

Lastly, the trader says that Ethereum (ETH) will likely dip lower before a massive move to the upside.

“Your idea is right. Your timing is wrong. ETH will outperform? Yes. But first it will try your patience.”

Source: Inmortal/X

Looking at his chart, the trader suggests that ETH will decline to around $1,600 before going on a massive rally to the $3,600 level in the first half of next year.

Ethereum is trading for $2,027 at time of writing, down 1.2% in the last 24 hours.

Generated Image: Midjourney

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