Crypto Trader Bullish on Leading Memecoin, Updates Views on Solana, Celestia, and Another Altcoin
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Crypto Trader Bullish on Leading Memecoin, Updates Views on Solana, Celestia, and Another Altcoin

A crypto strategist who is closely followed by many believes that one particular memecoin is about to experience mostly bullish price movement. Inmortal, an analyst who goes by a pseudonym, shares his thoughts with his 212,700 followers on X, a popular social media platform. He claims that Floki (FLOKI) is ready to ignite a surge in value. Inmortal backs up his prediction with a chart showing that FLOKI recently had a failed breakdown after the meme token recovered a crucial support level at around $0.00015. He confidently states, “Price following my squiggly line perfectly. FLOKI pumped on 4/20. Don’t underestimate the power of memes. Now above KEY level, up only soon.” Looking at the chart provided by the trader, it appears that FLOKI could potentially surpass $0.0002. As of now, FLOKI is valued at $0.000178.

Inmortal also updates his outlook on Solana (SOL). He predicts that SOL will go through a period of consolidation for a month before dropping below $100 towards the end of May. This drop will convince traders that Solana’s bull rally is over. However, Inmortal believes that SOL will then experience a significant surge and reach close to $200. He expresses this with the words, “Chop chop chop, trap, up. SOL.” Presently, SOL is priced at $157.

Another coin that has caught Inmortal’s attention is the native asset of the modular blockchain network Celestia (TIA). Inmortal believes that once the markets turn bullish again, TIA will be one of the top-performing coins. He shares a chart that suggests TIA will eventually recover support at $11 and then rally to $17. Inmortal confidently states, “When good conditions return again… TIA is the coin you want to long, in my opinion. For now, we let the price develop. A clean break, higher low, and acceptance above $11 confirm the solid deviation setup.” As of now, TIA is valued at $11.57, which is above Inmortal’s confirmation level.

Lastly, Inmortal has his eye on Beam (BEAM), a blockchain-based gaming network. He believes that BEAM will retest support at $0.027 before surging above $0.032. He expresses his excitement by saying, “This is what I wanted. Planning to start adding to my bags… Solid deviation + reclaim.” At the moment, BEAM is trading at $0.031.

It’s important to note that the opinions expressed by Inmortal are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this information was sourced, does not recommend buying or selling any cryptocurrencies or digital assets, and it is not an investment advisor.

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