A prominent crypto trader has expressed optimism about the future performance of a leading memecoin, suggesting that it is about to experience a significant upward movement. Inmortal, a pseudonymous analyst with a large following on social media, believes that Floki (FLOKI) is on the brink of a bullish price surge. According to a chart shared by Inmortal, FLOKI recently recovered a key support level at around $0.00015, following a failed breakdown. The trader expects FLOKI to surpass $0.0002 in the near future, despite its current value of $0.000178.
Furthermore, Inmortal has updated his outlook on several other cryptocurrencies. In terms of Solana (SOL), he predicts a consolidation period of around a month, followed by a drop below $100 in late May. Inmortal believes that this drop will lead to a general sentiment that Solana’s bull rally has come to an end. However, the trader anticipates a strong rally for SOL, with the token potentially reaching close to $200. As of now, SOL is valued at $157.
Celestia’s native asset (TIA), which is associated with a modular blockchain network, also caught Inmortal’s attention. The trader expects TIA to be one of the top performers once the overall market turns bullish again. Inmortal shares a chart indicating that TIA will likely regain support at $11 before surging back to $17. Currently, TIA is trading at $11.57, slightly above Inmortal’s confirmation level.
Finally, Inmortal highlights Beam (BEAM), a gaming network built on blockchain technology. The trader believes that BEAM will retest support at $0.027 before experiencing a surge above $0.032.
As always, it is important to exercise caution when considering investment decisions, as cryptocurrency markets are highly volatile and unpredictable.