Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Trader warns of up to 40% correction in table on Memecoin surge, updates outlook for Fantom and Sui.
ALTCOIN NEWS

Trader warns of up to 40% correction in table on Memecoin surge, updates outlook for Fantom and Sui.

By Crypto FlexsJune 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trader warns of up to 40% correction in table on Memecoin surge, updates outlook for Fantom and Sui.
Share
Facebook Twitter LinkedIn Pinterest Email

A widely respected cryptocurrency strategist says the decline in hot memecoins could increase.

Analyst Michaël van de Poppe told his 720,500 followers on social media platform

“We are up 1,200% since the start of this run and liquidity has surpassed previous highs. The risk of a large correction is higher than a sustained rise. “We are interested only after 30-40% correction, but that is not the case here.”

Source: Michaël van de Poppe/X

A 40% correction from the high would take Floki down to $0.0002. As of this writing, Floki’s value is $0.000265, down more than 5% over the past day.

Van de Poppe believes the altcoin is poised to find support back at $0.50, citing smart contract protocol Fantom (FTM).

“It keeps creating lower highs and lower lows. We have tested the $0.60 support several times and found that a break is likely. So there are two areas of interest for swing trading in the future.”

video
Source: Michaël van de Poppe/X

As of this writing, FTM is trading at $0.674, down nearly 3% in the last 24 hours.

The last altcoin on traders’ radar is fellow layer 1 protocol Sui (SUI). Van de Poppe expects SUI to rise nearly 40% if it overcomes immediate resistance at $1.17.

“SUI is one of the strongest companies in the market. If momentum provides a break above $1.17, the low is higher and we expect continuation towards $1.60.”

video
Source: Michaël van de Poppe/X

As of this writing, SUI is trading at $1.04, down nearly 5% on the day.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON (TRX) sets a new record for monthly transmission in May.

June 2, 2025

Dogecoin deep 16%a week, but $ 0.25 rally can be loaded. how?

June 2, 2025

The CZ suggests a dark full dex to suppress the operation.

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Flux.1 KONTEXT: Edit Image Editing as a Multimodal Model

June 2, 2025

Genzio podcast | Vault12 encryption inheritance and asset management | Toronto

June 2, 2025

TRON (TRX) sets a new record for monthly transmission in May.

June 2, 2025

Robin to be presented at the Global Exchange Meeting in June 2025

June 2, 2025

Dogecoin deep 16%a week, but $ 0.25 rally can be loaded. how?

June 2, 2025

The BNB chain improves the new AI BOT Initiative and AI integration.

June 2, 2025

Solana Price prediction: ETF Hype vs. Risk of unlocked -Is it a drop of $ 130 on the horizon?

June 2, 2025

The CZ suggests a dark full dex to suppress the operation.

June 2, 2025

Analysts said that XRP could fall to $ 1.70.

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Flux.1 KONTEXT: Edit Image Editing as a Multimodal Model

June 2, 2025
Most Popular

Altseason is imminent as cryptocurrency markets prepare for a ‘massive move’: Glassnode founder

December 21, 2023

Threats to Ethereum’s Reign in 2024

December 24, 2023

Dogwifhat Becomes 3rd Largest Meme Coin by Market Capitalization

March 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.