dailyhodl.com
A closely followed crypto analyst believes one mid-cap memecoin is gearing up to go on a massive rally.
Pseudonymous trader Kaleo tells his 632,600 followers on the social media platform X that dog-themed crypto asset Floki ($FLOKI) appears bullish against Bitcoin ($FLOKI/$BTC).
“$FLOKI versus $BTC looks primed to absolutely rip.”
Looking at his chart, the trader suggests $FLOKI/$BTC is in a bullish trend after printing higher lows on the one-hour chart and is on the verge of flipping a key resistance level into support.
$FLOKI/$BTC is trading for 0.000000003716 $BTC ($0.0002629) at time of writing, up more than 13% in the last 24 hours.
He also believes Floki is primed to soar past its all-time high ($ATH) of $0.0003365, which it set in November 2021.
“In my opinion it won’t be lagging here beneath $ATH resistance too much longer. Price discovery soon. Expecting it to make new highs… something like [$0.000340] for $FLOKI.”
Next up, the trader is bullish on $BNB, the native asset of the world’s largest crypto exchange platform, Binance. He predicts a $BNB breakout in its Bitcoin trading pair ($BNB/$BTC).
“$BNB/$BTC once again looking pretty, pretty good.”
Looking at his chart, the trader suggests $BNB/$BTC will break out of a descending trendline after making several attempts and rise to 0.0105 $BTC ($744.70).
$BNB/$BTC is trading for 0.008220 $BTC ($580.81) at time of writing, down slightly in the last 24 hours.
Lastly, the trader predicts that Dogecoin ($DOGE) could soon cross the $0.28 level.
“$DOGE on the move again. Send it higher.”
$DOGE is trading for $0.22 at time of writing, up 18.5% in the last 24 hours.
Generated Image: DALLE3