Crypto analyst Michaël van de Poppe warns that the popular memecoin Floki (FLOKI) could face a significant correction of up to 40%. After a rapid surge of over 13x in recent months, Poppe believes the risk of a sharp pullback outweighs the potential for further gains.
Fantom (FTM) Poised for Support Retest
Poppe also expects Fantom (FTM) to revisit its support level at $0.50. The altcoin has been forming lower highs and lows, and a breakdown below the $0.60 support seems likely. Poppe has identified two areas of interest for potential swing trading in the coming period.
Sui (SUI) Targets 40% Rally
On the other hand, Poppe is bullish on fellow layer-1 protocol Sui (SUI). He predicts a potential 40% rally if SUI can break above its immediate resistance at $1.17. Poppe notes that SUI has been a strong performer in the market, making higher lows and showing momentum for a potential breakout.
