Famous Analyst on the Altcoin Rising by 1,200 Percent: If the Price Drops by 30-40 Percent, I May Be Interested in This Meme Coin!#Bitcoin #FLOKI✅ #Ftm #SUI $
Famous Analyst on the Altcoin Rising by 1,200 Percent: If the Price Drops by 30-40 Percent, I May Be Interested in This Meme Coin!
Contents
Analyst's Comment on FLOKI Coin
How Many Dollars Is FTM?
SUI Comments
While the decision of the FED in the cryptocurrency market was eagerly awaited, this caused a fluctuating price movement in Bitcoin and the rest of the market. The decline due to this fluctuating price movement was interpreted as market participants may be preparing for negative news. On the other hand, an investor, one of the well-known names in the market, created anxiety by revealing a possible decline scenario about a meme coin.
Analyst's Comment on FLOKI Coin
Michaël van de Poppe, one of the well-known analysts of the market, examined multiple cryptocurrencies on the social media platform X. Of these, FLOKI was of interest. Considering that Floki (FLOKI) has risen more than 13 times in just a few months, the analyst revealed that there may be a serious correction in the market.
It is up 1,200% since the start of this run, making a liquidity sweep above the previous high. The risk of a heavy correction is higher than a continuation to the upside. It only becomes relevant after a 30-40% correction, but not here.
After a possible 20% correction from its current levels, Floki price can be seen falling to $0.0002. As of press time, Floki was trading at $0.000235 after a decline of over 14% in the last 24 hours.
How Many Dollars Is FTM?
Van de Poppe, who also took a look at the smart contract protocol Fantom (FTM) after Floki, emphasized that the altcoin could visit the 0.50 support level once again.
It is constantly making lower highs and lower lows. It has tested the $0.60 support multiple times and a break looks likely. In this case, I have two areas of interest for swing trading in the coming period.
As of writing time, Fantom (FTM) continues to find buyers at $ 0.632 after a 7% drop in the last 24 hours.
SUI Comments
The last cryptocurrency examined by the analyst was the layer-1 protocol Sui (SUI). Van de Poppe stated that SUI could rise by 40% if it possibly rises above the resistance in the $ 1.17 region.
SUI is one of the strongest performers in the markets. It made a higher low and the momentum will continue towards $1.60 if there is a break above $1.17.
As of press time, SUI is trading in the $0.997 region, following a 3.61% drop on the day. While SUI's market volume decreased to 2.42 billion dollars, its 24-hour transaction volume decreased to 285 million dollars.
