Analyst Predicts Lengthy Rally for Dogecoin Rival Floki
Renowned crypto analyst and trader Inmortal has made a bold prediction regarding the future of one of Dogecoin’s competitors. According to the pseudonymous analyst, Floki (FLOKI) is on the brink of a significant rally that is just beginning.
“+40%, no dips. We are just getting started.”
Inmortal had previously hinted at the potential for significant price movements in FLOKI, referring to “god candles” in a recent tweet. As of the latest data, FLOKI is trading at $0.000079, showing a 77% decrease from its all-time high.
The analyst is also closely monitoring Solana (SOL) as a key player in the market. Inmortal believes that the upcoming month will be crucial in determining whether Solana, a top rival to Ethereum (ETH), can initiate a bullish reversal. The trader speculates that Solana may establish a bullish higher low pattern or continue on a downward trend in the coming weeks.
“You can’t imagine how important May is. In the next 30 days, we will have a pretty clear answer: Bear market bounce or bull market dip.”
Recent updates from Inmortal suggest that SOL is outperforming ETH in the current market bounce. This observation could be a significant indicator of the leading performer when the bull market resumes. At present, SOL is priced at $149.82, while Ethereum stands at $1,799.
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