Inmortal, a well-known crypto strategist, predicts that if Dogecoin (DOGE) experiences a surge, it will have a positive impact on another memecoin called Floki (FLOKI). In a post on the social media platform X, Inmortal informs his large following of 212,500 users that Floki is set to break out on April 20th, which has been labeled as “DOGE Day” by supporters of the memecoin. Inmortal’s chart indicates that a breakout for Floki would be confirmed if it manages to establish support above the $0.00016 level. Currently, Floki is trading at $0.0001385, showing a nearly 2% increase in the past 24 hours.

Moving on to Bitcoin (BTC), Inmortal suggests that it may have reached a market bottom. He speculates that although there might be another downward movement, it feels like a bottom due to bullish divergence, the price being at a range low (19% below its all-time high), and the downtrend not accelerating. At the time of writing, Bitcoin is trading at $62,206, with a 1.1% increase in the last 24 hours.

Inmortal also believes that Ethereum (ETH) is gearing up for a breakout against Bitcoin (ETH/BTC). He acknowledges that pinpointing the exact bottom is challenging and unnecessary. However, he suggests that the current low could be a bottom formation based on the market structure and general sentiment. Inmortal states that once ETH/BTC surpasses 0.055 BTC, it will soar. Currently, ETH/BTC is trading at 0.048 BTC ($3,066).

Please note that the opinions expressed in this article are not investment advice. Investors are advised to conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it offer investment advice.