Cryptocurrency Trader Bullish on FLOKI, Forecasts Growth for Bitcoin, Ethereum, and Solana

A crypto analyst known for his insights on Dogecoin rival Floki is expressing optimism about the token’s performance compared to other memecoins in the current market cycle. Inmortal, a pseudonymous trader with a significant following on the social media platform X, has shared his positive outlook with his audience. He believes that Floki has the potential to surge by over 43% from its current value, citing his earlier prediction that Floki would lead the memecoin pack, a forecast that appears to be materializing. According to Inmortal, Floki is poised to climb significantly higher in the near future, as indicated by his chart analysis pinpointing a potential rally from around $0.0001500 to approximately $0.000250.

Presently, Floki is trading at $0.0001743, showing a slight decline of nearly 6% over the past 24 hours. In his analysis, the trader also shifts his focus to Bitcoin, suggesting that the leading cryptocurrency could retrace to a range between $61,000 and $63,000 before resuming its upward trajectory towards $68,000. Inmortal highlights specific price levels, emphasizing the importance of these zones for potential market reentries given recent market movements. Bitcoin’s current trading price stands at $63,788, reflecting a decrease of more than 2% within the last 24 hours.

Furthermore, the analyst predicts that Ethereum is likely to retest the $3,200 level before surpassing $3,800. He points to a possible scenario of a downward trend followed by an upward surge, indicating $3,200 as a strategic level for investors to consider. Additionally, Inmortal shares a chart suggesting that Ethereum against Bitcoin (ETH/BTC) may establish the crucial level around 0.055 BTC as a support level, similar to trends observed in 2022. The current trading price for ETH/BTC is 0.053 BTC ($3,408).

In his analysis of ETH-rival Solana, Inmortal anticipates a breakout from a descending triangle pattern, potentially propelling the token to reach $220. This optimistic projection is contingent on Solana surpassing the $170 mark. Solana is currently valued at $157, experiencing a marginal decrease in value over the past 24 hours.

In conclusion, the crypto analyst’s insights offer valuable perspectives on the potential price movements of various cryptocurrencies, providing traders and investors with essential information to navigate the dynamic crypto market landscape.