A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year.
Pseudonymous analyst Inmortal tells his 231,000 followers on the social media platform X that he’s bullish on Mantle (MNT), noting that he believes the altcoin has already printed a 2025 bottom at around $0.6.
According to the trader, a 279% rally for MNT this year is a high-probability scenario.
“Starting to feel like bottom is in.
Big players have been buying over the last few weeks, and it shows.
$3 in 2025 is very likely, high-conviction play for me.”
Based on the trader’s chart, he seems to predict that MNT will surge to $1.30 in the coming months.
At time of writing, MNT is worth $0.79.
Turning to Bitcoin, the trader unveils a potential path for BTC to print a durable bottom this year. According to Inmortal, BTC could temporarily drop below $70,000 before igniting the next stage of the bull market en route to a new all-time high of $135,000.
“They will try to shake you out, but this is the bottom.
Save the tweet.
BTC.”
At time of writing, BTC is trading for $82,374.
As for Ethereum, Inmortal predicts that the price of ETH may plummet below $1,500 before sparking a short-term rally toward $2,000.
“Expansions lead to retraces. Retraces lead to bounces.
Bounce soon.”
At time of writing, ETH is trading at $1,822.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Generated Image: Midjourney
Read the full article here