Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025
A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal. Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to 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 that the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped. Says Inmortal, “That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.” Source: Inmortal/X The analyst now believes that SOL is setting the stage for strong rallies en route to a new all-time high of $340 by December 2025. “In retrospect, it will be so obvious, SOL.” Source: Inmortal/X At time of writing, Solana is trading for $128.19, down over 3% on the day. Looking at Bitcoin, Inmorta...