A closely followed cryptocurrency strategist believes that if Dogecoin (DOGE) succeeds, another memecoin will benefit from the hype.
Pseudonym analyst Inmortal says With his 212,500 followers on social media platform
“Should we pump DOGE on April 20th? Then FLOKI will follow. Confirmed to be greater than 0.00016.”
Looking at the analyst’s chart, he suggests that turning the $0.00016 level into support would confirm a FLOKI breakout.
FLOKI is trading at $0.0001385 at the time of writing, up almost 2% in the last 24 hours.
Next is the analyst Called Bitcoin (BTC) appears to have reached a market bottom.
“Maybe we’ll get another sweep, maybe we won’t, but it’s starting to feel like rock bottom.
- Bullish divergence.
- Prices are at record lows (-19% from all-time high).
- “The decline is not accelerating,” he said.
At the time of writing, Bitcoin is trading at $62,206, up 1.1% in the last 24 hours.
Analysts too Called Ethereum (ETH) may be preparing for a breakout against Bitcoin (ETH/BTC).
“Getting the correct bottom timing is neither easy nor necessary. I’m not saying this low is a pico bottom, but the structure and general sentiment suggest that it is in the form of a bottom. There’s no need to stress. Anything above 0.055 BTC and we fly.”
ETH/BTC is trading at 0.048 BTC ($3,066) at the time of writing.
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