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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. Crypto Traders Are Rushing to This App – Here’s Why You Should Too
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.
