Altcoin FLOKI Poised for Breakout on DOGE Day, Crypto Analyst Predicts

A well-known crypto analyst, going by the name Inmortal, has caught the attention of the crypto community with a bold prediction regarding the altcoin FLOKI. In a recent tweet to his 212,500 followers on X, Inmortal suggested that FLOKI could experience a significant surge on April 20th, also known as “DOGE Day,” if Dogecoin (DOGE) sees a rally.

According to the analyst, if Dogecoin pumps on 4/20, FLOKI is likely to follow suit. He indicated that a breakout for FLOKI would be confirmed if it manages to surpass the $0.00016 level. At the time of writing, FLOKI is trading at $0.0001385, showing a slight increase of nearly 2% in the past 24 hours.

In addition to his FLOKI prediction, Inmortal also shared insights on Bitcoin and Ethereum. He suggested that Bitcoin (BTC) might have hit a market bottom, pointing out bullish divergences and the price being at a range low. Bitcoin is currently trading at $62,206, reflecting a 1.1% increase in the last 24 hours.

Regarding Ethereum (ETH), Inmortal hinted at a potential breakout against Bitcoin (ETH/BTC). He mentioned that while predicting the exact bottom is challenging, the structures and overall sentiment indicate a bottom formation. The analyst stated that above 0.055 BTC, Ethereum would likely see significant growth. Currently, ETH/BTC is trading at 0.048 BTC ($3,066).

As the crypto market gears up for potential movements in Dogecoin, FLOKI, Bitcoin, and Ethereum, investors and enthusiasts are closely monitoring these developments. Speculations and predictions from analysts like Inmortal add an element of excitement and anticipation to the volatile world of cryptocurrencies.

Stay Informed and Stay Safe

Cryptocurrency markets are known for their volatility and speculative nature. It’s essential for investors to conduct thorough research and exercise caution before making any investment decisions. While projections and predictions can provide valuable insights, they should not be considered as guaranteed outcomes. Stay informed, stay safe, and navigate the crypto landscape with care.