One closely watched cryptocurrency analyst believes a mid-cap memecoin is gearing up for a massive rally.
pseudonym trader Kaleo says Floki (FLOKI), a dog-themed cryptocurrency asset, appears to be bullish on Bitcoin (FLOKI/BTC), with 632,600 followers on social media platform X.
“FLOKI vs. BTC seems ready for a complete rip-off.”
Looking at his chart, the trader suggests that FLOKI/BTC is in a bullish trend after hitting higher lows on the 1-hour chart and is on the verge of turning a key resistance level into a support level.
FLOKI/BTC is trading at 0.000000003716 BTC ($0.0002629) at the time of writing, up more than 13% in the last 24 hours.
That too Believe Floki is poised to surpass the all-time high (ATH) of $0.0003365 set in November 2021.
“I think it won’t lag below ATH resistance for too long. Price discovery is coming soon. For FLOKI, we expect to hit new highs like ($0.000340).”
Next, traders are bullish on BNB, the native asset of Binance, the world’s largest cryptocurrency exchange platform. that predict BNB breakout in Bitcoin trading pair (BNB/BTC).
“BNB/BTC is looking pretty good once again.”
Looking at the chart, the trader suggests that BNB/BTC will break out of the descending trend line after several attempts and rise to 0.0105 BTC ($744.70).
BNB/BTC is trading at 0.008220 BTC ($580.81) at the time of writing and has fallen slightly over the past 24 hours.
Finally, the merchant predict Dogecoin (DOGE) may soon surpass the $0.28 level.
“DOGE is on the move again. Send it higher.”
At the time of writing, DOGE is trading at $0.22, up 18.5% in the last 24 hours.
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