Crypto analyst Inmortal believes that Floki (FLOKI), a memecoin inspired by Elon Musk’s dog, is poised for a significant rally.
Contagion Effect
Inmortal compares FLOKI’s recent price action to that of Pepe (PEPE), another Dogecoin rival that experienced a surge in value. He believes FLOKI will follow a similar trajectory.
Technical Analysis
Inmortal’s chart analysis suggests that PEPE could break through its December high of $0.00000175 soon. FLOKI is also on track to follow a similar pattern and rally past its December high of $0.0000490.
Ethereum Outlook
Inmortal also predicts a strong rally for Ethereum (ETH) against Bitcoin (BTC) based on historical price patterns. He suggests that ETH/BTC is forming a similar pattern to 2020, when the pair rallied to the upper bound of a trading range.
Disclaimer
The views expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments.
