A well-known crypto strategist is confident that one particular memecoin is gearing up for a predominantly bullish price surge.
Inmortal, an analyst who goes by a pseudonym, has informed his 212,700 followers on the social media platform X that Floki (FLOKI) appears to be ready to experience significant upward movement.
Inmortal has shared a chart indicating that FLOKI experienced a failed breakdown after the meme token recovered a crucial support level at approximately $0.00015.
“Price is following my squiggly line perfectly. FLOKI pumped on 4/20. Never underestimate the power of memes. It is now above the key level and will soon go up.”
Upon examining the analyst’s chart, it seems that he suggests FLOKI will surpass $0.0002. As of the time of writing, FLOKI is valued at $0.000178.
Moving on, Inmortal has revised his perspective on Solana (SOL). The analyst predicts that SOL will consolidate for a month before dropping below $100 in late May, leading traders to believe that Solana’s bull rally has come to an end. At this point, Inmortal believes that SOL will initiate a sharp rally, reaching nearly $200.
“Chop chop chop, trap, up.
SOL.”
At the time of writing, SOL is valued at $157.
Another coin that has caught Inmortal’s attention is the native asset of the modular blockchain network Celestia (TIA). Inmortal believes that TIA will be one of the top performers once the markets turn bullish again. He shares a chart suggesting that TIA will eventually recover support at $11 before rallying back to $17.
“When favorable conditions return… TIA is the coin you should long, in my opinion. For now, we let the price develop. A clean break, higher low, and acceptance above $11 confirm this solid deviation setup.”
As of the time of writing, TIA is valued at $11.57, which is above Inmortal’s confirmation level.
The last coin on Inmortal’s radar is Beam (BEAM), a blockchain-based gaming network. The trader believes that BEAM is due for a retest of support at $0.027 before surging above $0.032.
“This is what I’ve been waiting for. Planning to start adding to my bags…
Solid deviation + reclaim.”
As of the time of writing, BEAM is trading at $0.031.
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