dailyhodl.com
A closely followed crypto strategist believes that one memecoin is ready to witness mostly bullish price action.
Pseudonymous analyst Inmortal tells his 212,700 followers on the social media platform X that Floki ($FLOKI) looks primed to ignite bursts to the upside.
Inmortal shares a chart suggesting that $FLOKI had a failed breakdown after the meme token recovered a key support level at around $0.00015.
“Price following my squiggly line perfectly. $FLOKI pumped on 4/20. Don’t underestimate the power of memes. Now above KEY level, up only soon.”
Looking at the trader’s chart, he seems to suggest that $FLOKI will soar above $0.0002. At time of writing, $FLOKI is worth $0.000178.
Next up, Inmortal is updating his outlook on Solana ($SOL). The analyst predicts that $SOL will consolidate for a month before dropping below $100 in late May, convincing traders that Solana’s bull rally is over. At that point, Inmortal believes that $SOL will ignite a steep rally close to $200.
At time of writing, $SOL is worth $157.
Another coin on the trader’s list is the native asset of the modular blockchain network Celestia ($TIA). Inmortal believes that $TIA will be one of the faster horses once the markets turn bullish again. He shares a chart suggesting that $TIA will eventually recover support at $11 prior to a rally back to $17.
“When good conditions return again… $TIA is the coin you want to long, in my opinion.
For now we let price develop. Clean break / higher low / acceptance above $11 is the confirmation
At time of writing, $TIA is worth $11.57, above Inmortal’s confirmation level.
The last coin on Inmortal’s radar is the Beam ($BEAM), a blockchain-based gaming network. The trader thinks $BEAM is due to retest support at $0.027 before surging above $0.032.