dailyhodl.com
A widely followed crypto analyst is remaining bullish on Dogecoin (DOGE) rival Floki ($FLOKI), predicting the token will outperform other memecoins this cycle.
Pseudonymous crypto trader Inmortal tells his 212,400 followers on the social media platform X that Floki could soar more than 43% from the current value.
“102% precision squiggle line here. I said it months ago, ‘$FLOKI will lead memecoins,’ and that is what is happening. $FLOKI is going higher, much higher.”
Looking at his chart, the analyst suggests Floki may retest the level around $0.0001500 before going on a massive rally to around $0.000250.
Floki is trading for $0.0001743 at time of writing, down nearly 6% in the last 24 hours.
Next up, the analyst says that Bitcoin ($BTC) could retrace to a range between $61,000 and $63,000 before continuing higher to $68,000.
“Now seriously, somewhere between $61,000-$63,000 is a good spot [to] catch a retrace. $61,000: weekly open. $63,000: monthly open. If the market gives, because a lot of people were off guard, and you know what that means.”
Bitcoin is trading for $63,788 at time of writing, down more than 2% in the last 24 hours.
Next up, the analyst predicts that Ethereum ($ETH) will soon retest the $3,200 level before rallying beyond $3,800.
“Red weekend plus green week combo? Maybe. $3,200 is a good spot to catch a dip, confluent with weekly open.”
The analyst also shares a chart suggesting that Ethereum against Bitcoin ($ETH/$BTC) may flip the key level around 0.055 $BTC into support similar to 2022.
“You know the drill.”
$ETH/$BTC is trading for 0.053 $BTC ($3,408) at time of writing.
Lastly, the analyst believes $ETH-rival Solana (SOL) could break out of a descending triangle and soar to $220.
“Solana summer if we break $170.”
Solana is trading for $157 at time of writing, down slightly in the last 24 hours.