A closely followed crypto strategist believes that one memecoin is ready to witness mostly bullish price action.
Pseudonymous analyst Inmortal tells his 212,700 followers on the social media platform X that Floki (FLOKI) looks primed to ignite bursts to the upside.
Inmortal shares a chart suggesting that FLOKI had a failed breakdown after the meme token recovered a key support level at around $0.00015.
“Price following my squiggly line perfectly. FLOKI pumped on 4/20. Don’t underestimate the power of memes. Now above KEY level, up only soon.”
Looking at the trader’s chart, he seems to suggest that FLOKI will soar above $0.0002. At time of writing, FLOKI is worth $0.000178.
Next up, Inmortal is updating his outlook on Solana (SOL). The analyst predicts that SOL will consolidate for a month before dropping below $100 in late May, convincing traders that Solana’s bull rally is over. At that point, Inmortal believes that SOL will ignite a steep rally close to $200.
“Chop chop chop, trap, up.
SOL.”
At time of writing, SOL is worth $157.
Another coin on the trader’s list is the native asset of the modular blockchain network Celestia (TIA). Inmortal believes that TIA will be one of the faster horses once the markets turn bullish again. He shares a chart suggesting that TIA will eventually recover support at $11 prior to a rally back to $17.
“When good conditions return again… TIA is the coin you want to long, in my opinion.
For now we let price develop. Clean break / higher low / acceptance above $11 is the confirmation
Solid deviation setup.”
At time of writing, TIA is worth $11.57, above Inmortal’s confirmation level.
The last coin on Inmortal’s radar is the Beam (BEAM), a blockchain-based gaming network. The trader thinks BEAM is due to retest support at $0.027 before surging above $0.032.
“This is what I wanted. Planning to start adding to my bags… Solid deviation + reclaim.”
At time of writing, BEAM is trading at $0.031.
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The post Crypto Trader Says Leading Memecoin About To Move ‘Up Only,’ Updates Outlook on Solana, Celestia and One Altcoin appeared first on The Daily Hodl.