Trader Sees 170% Solana Rally to $340 by 2025

A closely followed trader has identified a potential bullish reversal signal for the layer-1 protocol Solana (SOL). The pseudonymous trader, Inmortal, shared his analysis with his 231,500 followers on the social media platform X, suggesting that Solana may have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100. A bear trap is a false signal that makes it appear as though the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped.

Inmortal highlighted the significance of this price movement, stating, “That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.” He believes that this event sets the stage for strong rallies, potentially leading to a new all-time high of $340 by December 2025. Inmortal's analysis suggests that the recent price drop was a false signal, and he expects SOL to rally in the coming months.

At the time of writing, Solana was trading at $128.19, down over 3% on the day. Inmortal's analysis focuses on the potential for a significant price reversal, which could lead to substantial gains for investors who are currently holding SOL. His prediction is based on the idea that the recent price drop was a bear trap, and that the price of SOL is likely to rebound strongly in the near future.

Inmortal also shared his thoughts on Bitcoin, predicting that it will trade between $74,000 and $95,000 in the coming months before sparking a breakout rally toward the end of the year. He expects Bitcoin to bounce to $90,000, followed by more choppy trading or ranging around $67,000, and then an uptrend in the second half of this year. According to his chart, Bitcoin could soar close to $130,000 by the end of 2025.

Turning to the memecoin Floki (FLOKI), Inmortal believes that the altcoin is at a price level where it can potentially carve a major cycle bottom. He noted that the relative strength index (RSI) is at the same levels it was 700 days ago, and the price is at pre-bullrun levels. The RSI is a momentum indicator that can help traders spot levels where an asset is oversold or overbought. At the time of writing, FLOKI was worth $0.000057.