Analyst Predicts Floki Coin’s Surge
Release: 2024/07/19 05:27 Reading: 755
Analyst Predicts Floki Coin's Surge
Crypto Market Downturn
The crypto market has experienced a downturn, with Bitcoin leading the decline after several days of gains.
Bullish Prediction for Floki (FLOKI)
Despite the downturn, crypto analyst Inmortal has made a bullish prediction about Floki (FLOKI), suggesting it could outperform rivals Dogecoin (DOGE) and Shiba Inu (SHIB) during the next bull cycle.
FLOKI's Potential Surge
Inmortal projects that FLOKI could increase by over 43% from its current price point, reaching $0.000250. He anticipates that the altcoin may briefly revisit $0.0001500 before resuming its rally.
Bitcoin's Path
The analyst also predicts that Bitcoin (BTC) could hit levels between $61,000 and $63,000 before potentially reaching $68,000. He identifies $61,000 to $63,000 as a strategic point for a pullback.
Ethereum's Potential
Inmortal suggests that Ethereum (ETH) could test $3,200 before potentially advancing to $3,800. He advises followers to anticipate a drop at $3,200, aligned with the weekly opening.
ETH/BTC Support
The analyst predicts that ETH/BTC could establish support around 0.055 BTC, similar to 2022.
Takeaways for Investors
- Floki (FLOKI) could rise significantly in the next bull cycle.
- Bitcoin (BTC) may reach between $61,000 and $63,000 before advancing further.
- Ethereum (ETH) could test $3,200 before moving higher.
- ETH/BTC could find support at 0.055 BTC.
These insights provide valuable guidance for investors navigating the volatile cryptocurrency market.
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