Altcoin
Two will dive and one will fly!
THE cryptocurrency the market continues to go back and forth amid uncertainty. Investors await the Fed’s interest rate decision following lower-than-expected US CPI data. In the midst of this wait, the popular analyst, who has a reputation in the market for his predictions, warns of a deep decline for a red-hot meme coin. Additionally, the analyst updates his outlook for 2 altcoin projects.
Analyst: FLOKI will see a severe 40% correction!
As you followed Cryptokoin.com, the market fails to maintain its bullish momentum. The leading cryptocurrency Bitcoin is facing a sell-off around the $70,000 level. Bitcoin, which failed in its latest move, fell below $67,000. The loss of power of the main cryptocurrency also negatively affects altcoins. Meme coins, which have seen sharp increases recently, have seen heavy selling in recent days. During this period, the meme coin Floki (FLOKI) grew more than 13 times in just a few months. But then it lost altitude. Popular analyst Michaël van de Poppe shared his latest predictions to his 720,500 followers on the social media platform X. The analyst warned that FLOKI will see a severe correction. In this context, the analyst released the following statement:
FLOKI it is up 1,200% since the start of this run and has made a liquidity leap above the previous high. The risk of a severe correction is greater than a continuation higher. Only after a 30-40% correction would one be interested, but not here.
Source: Michaël van de Poppe
A 40% retracement from the highs would be necessary Floki less than $0.0002. Meanwhile, as of this writing, Floki was trading at $0.0002362, down more than 4% over the past day.
“This altcoin is set to revisit $0.50 support!”
The analyst then examines the smart contract protocol Ghost (FTM). Van de Poppe predicts that the altcoin is preparing to revisit the $0.50 support. As a result, the analyst shares the following assessment for the altcoin:
Ghost it constantly makes lower highs and lower lows. It has tested the $0.60 support several times and a breakout seems likely. In this case, I have two areas of interest for swing trading in the coming period.
Meanwhile, at the time of writing, FTM it traded at $0.6496, down about 0.3% over the past 24 hours. The altcoin lost over 22% on its weekly chart.
Analysts predict a 40% increase for SUI!
The latest altcoin on the analyst’s radar is the other layer 1 protocol Come on (SUI). Van de Poppe expects the SUI to rise nearly 40% if it manages to clear the immediate resistance of $1.17. In this context, the analyst says the following about the altcoin:
SUI it is one of the strongest performers in the markets. It made a higher low and will continue towards $1.60 if momentum predicts a break above $1.17.
Meanwhile, at the time of writing, SUI it traded at $0.9894, down nearly 4% on the day. The altcoin lost over 9% on the weekly chart.
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