The cryptocurrency world is a constantly changing field that offers exciting opportunities. Investors and analysts operating in this field work hard to evaluate potential profit opportunities by monitoring market trends. Recently, an interesting analysis of the bullish potential of Floki (FLOKI), a mid-cap meme coin, attracted attention.
Famous crypto analyst Kaleo claimed that Floki is trending to gain value against Bitcoin. According to the analysis, looking at the one-hour chart of the Floki/BTC trading pair, it was observed that the asset was in an upward trend and was about to turn a significant resistance level into support.
$FLOKI etc $BTC looks primed to absolutely rip pic.twitter.com/mqPJMsYO4h
— KALEO (@CryptoKaleo) March 28, 2024
NEWS CONTINUES BELOW
With this analysis, Kaleo thinks Floki is poised to surpass the all-time high of $0.0003365 set in November 2021. Regarding overcoming the ATH resistance, Kaleo said, “I think it won’t stay below the ATH resistance for too long here. Price discovery is near. I expect it to reach new heights… for FLOKI [0,000340 dolar] “Something like that,” he explains. This indicates that Floki may enter a potential uptrend and is creating great excitement among investors.
FLOKI/BTC is trading at 0.000000003716 BTC ($0.0002629) at the time of writing.
Another altcoin on the analyst’s radar is BNB, the native asset of Binance, the world’s largest crypto exchange platform. The analyst claims that BNB is on the rise. It predicts a BNB breakout in the Bitcoin trading pair (BNB/BTC).
“BNB/BTC looks pretty good once again.”
According to the chart shared by the analyst, BNB/BTC may break out of the descending trend line and rise to 0.0105 BTC ($744.70) after a few attempts.
Finally, the trader predicts that Dogecoin (DOGE) may soon surpass the $0.28 level. predicts.
“DOGE is on the move again. “It’s going higher.”
The leading meme coin is trading at $0.22 at the time of writing.
You can access current market movements here.
