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The cryptocurrency world seems to be experiencing a decline today, led by Bitcoin, after days of upward movement. Despite this, one of the widely followed analysts in the market made a bullish prediction about Floki (FLOKI), considered a rival to Dogecoin (DOGE) and Shiba Inu (SHIB), stating that the token could potentially outperform its rivals in an upcoming bull cycle.
Floki Coin Commentary
Inmortal, a well-known analyst in the cryptocurrency world, made significant statements on X, exciting meme coin followers. The analyst told his thousands of followers that FLOKI could rise by over 43% from its current price level.
There is a 102% sensitive wavy line here. I said this months ago, ‘FLOKI will lead memecoins,’ and it is happening. FLOKI is rising more and more.
When examining the chart shared by the analyst, it was predicted that the altcoin could retest the $0.0001500 level before starting a new rally targeting $0.000250. Floki was trading at $0.000169 at the time of writing, following a 7.94% decline in the last 24 hours.
Bitcoin Commentary
After FLOKI, the analyst also examined the market leader, Bitcoin (BTC), and stated that BTC could visit a level between $61,000 and $63,000 before moving to $68,000.
Seriously now, a place between $61,000 and $63,000 is a good point to catch a pullback. $61,000: weekly opening. $63,000: monthly opening. If the market allows, because many people were unprepared, and you know what that means.
Bitcoin was trading at $63,300 at the time of writing, following a decline of over 2% in the last 24 hours. During this period, the trading volume also dropped by 21%, reaching $27.4 billion.
Ethereum Price Analysis
The analyst, who also examined Ethereum (ETH) after Bitcoin, stated that ETH could retest the $3,200 level before visiting the $3,800 level.
Red weekend plus green week combination? Maybe. $3,200 is a good point to catch a drop aligned with the weekly opening.
On the other hand, the analyst also shared a chart suggesting that Ethereum (ETH/BTC) could turn the key level around 0.055 BTC into support similar to 2022, warning his followers.
You know what to do.
ETH/BTC was trading at 0.054 BTC, or $3,423, at the time of writing.
