A closely watched crypto strategist believes a memecoin’s latest rally indicates a Dogecoin (DOGE) rival is about to rise.
Pseudonymous analyst Inmortal tells its 206,500 followers on social media platform
“FLOKI will follow PEPE. You know, contamination.”
The trader’s chart suggests that PEPE could soon break the December high of around $0.00000175. The chart also shows that FLOKI is on track to print a similar price pattern and rise past the December high to around $0.0000490.
FLOKI is trading at $0.0000512 at the time of writing, up over 18% in the last 24 hours, while PEPE is trading at $0.00000264, up over 46% in the last 24 hours.
The trader too to predict a huge rally for Ethereum (ETH) against Bitcoin (BTC) based on a historical price pattern.
“I don’t know how many times I’ve posted this diagram, but I’ll post it again.”
Looking at his chart, the trader suggests that ETH/BTC is forming a similar pattern in 2020, when the pair traded at the lower limit of a long trading range before recovering to the upper limit. The current upper trading range is around 0.083 BTC ($4,736).
ETH/BTC is trading at 0.05689 BTC ($3,243) at the time of writing, down more than 2% in the past 24 hours.
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Generated image: DALLE3
