The closely followed crypto analyst Inmortal, focusing on the potential price movements of various altcoins, particularly sees Floki (FLOKI) as ready for a rise, sharing his latest observations for the memecoin.
FLOKI Ready for a Strong Rise
The anonymous crypto analyst Inmortal, from his personal X account, emphasized that FLOKI is an altcoin ready for an upward movement. Inmortal’s analysis shows the altcoin demonstrating strength after a failed crash, recovering from a critical support level around $0.00015.
Inmortal’s analysis points to a positive trajectory for FLOKI, expecting it to exceed $0.0002. Despite currently trading at $0.000178, the analyst expects further upward momentum and emphasized the influential role of memecoins in shaping market sentiment.
Altcoins on the Analyst’s Watchlist
Following Floki, Inmortal moved on to other altcoins on his watchlist, first evaluating Solana‘s main network asset SOL, sharing short-term expectations for the altcoin and expecting it to undergo a consolidation phase before potentially dropping below $100 by the end of May. The analyst maintained optimism about SOL’s long-term trajectory, expecting a strong rise towards $200 after the consolidation phase.
Inmortal also drew attention to the modular Blockchain network Celestia’s main network asset TIA, expressing confidence in the altcoin’s future performance under favorable market conditions. During rising market cycles, the analyst highlighted TIA’s rapid gain potential, noting $11 as a significant support level and expecting a rally towards $17 from this support.
Lastly, the analyst analyzed the Blockchain-based gaming network Beam (BEAM), sharing his latest observations for the altcoin. Expecting BEAM to retest its support at $0.027, the analyst then foresaw a potential rise above $0.032. Inmortal underscored that current market conditions are favorable for accumulating BEAM, emphasizing the likelihood of reclaiming higher price levels with a strong breakout expectation.
