A closely followed crypto strategist believes that one memecoin is ready to witness mostly bullish price action.

Pseudonymous analyst Inmortal tells his 212,700 followers on the social media platform X that Floki (FLOKI) looks primed to ignite bursts to the upside.

Inmortal shares a chart suggesting that FLOKI had a failed breakdown after the meme token recovered a key support level at around $0.00015.

“Price following my squiggly line perfectly. FLOKI pumped on 4/20. Don’t underestimate the power of memes. Now above KEY level, up only soon.” 

Looking at the trader’s chart, he seems to suggest that FLOKI will soar above $0.0002. At time of writing, FLOKI is worth $0.000178.

Next up, Inmortal is updating his outlook on Solana (SOL). The analyst predicts that SOL will consolidate for a month before dropping below $100 in late May, convincing traders that Solana’s bull rally is over. At that point, Inmortal believes that SOL will ignite a steep rally close to $200.

“Chop chop chop, trap, up.

SOL.” 

At time of writing, SOL is worth $157.

Another coin on the trader’s list is the native asset of the modular blockchain network Celestia (TIA). Inmortal believes that TIA will be one of the faster horses once the markets turn bullish again. He shares a chart suggesting that TIA will eventually recover support at $11 prior to a rally back to $17.

“When good conditions return again… TIA is the coin you want to long, in my opinion.

For now we let price develop. Clean break / higher low / acceptance above $11 is the confirmation

Solid deviation setup.” 

At time of writing, TIA is worth $11.57, above Inmortal’s confirmation level.

The last coin on Inmortal’s radar is the Beam (BEAM), a blockchain-based gaming network. The trader thinks BEAM is due to retest support at $0.027 before surging above $0.032.

“This is what I wanted. Planning to start adding to my bags… Solid deviation + reclaim.”

At time of writing, BEAM is trading at $0.031.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A widely followed crypto strategist is remaining bullish on one gaming altcoin this market cycle.

Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Beam (BEAM) seems to have a lot more upside potential.

“BEAM: one of my bags. It’s just chilling the last several weeks. Still hugely bullish on this coin and it’s still an indexed bet on crypto gaming for this cycle. Going to just keep hodling, not a trade.”

Looking at the trader’s chart, he suggests Beam could rally to the key upside levels of $0.036 and $0.040.

Beam is trading for $0.031 at time of writing, up slightly in the last 24 hours.

Next up, the analyst says that Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) may decline more than 15% from the current value.

“ARB: nasty price moves. I think this one looks like it’s going to head to $1.20 or lower. I would like to see it consolidate and chill for a bit before forming a bottom. But the 200-day exponential moving average (EMA) getting lost is not great and this might near retrace the entire move.”

Arbitrum is trading for $1.42 at time of writing, down more than 2% in the last 24 hours.

Lastly, the analyst says Render (RNDR), a project related to Graphics Processing Units (GPUs), could decline nearly 17% from the current value based on Fibonacci retracement levels.

“RNDR: you can now fib out the entire range and wait for the .382 and .50 fibs. Strong coins like RNDR probably bounce a bit lower, aiming for the $7.50 level. Still bullish on this one though for 2024.”

Render is trading for $9.03 at time of writing, down more than 1% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto analyst believes that rallies are in sight for a couple of altcoins including the native asset of the decentralized oracle network Chainlink (LINK).

Pseudonymous analyst Inmortal tells his 211,300 followers on the social media platform X that he sees LINK rallying close to $26.

But before Chainlink could surge to a level last seen over two years ago, Inmortal sees the altcoin dropping to as low as $15.

“LINK: $15-$17 is a good range to add to spot bags. Quite simple.”

At time of writing, Chainlink is trading for $18.30.

Next up, the trader is also bullish on the gaming-focused crypto project Beam (BEAM). Inmortal shares a chart suggesting that BEAM may dip below $0.025 before launching an over 100% surge.

“BEAM: holding a bag from $0.018. $0.027 would be a dream spot to add more.” 

At time of writing, BEAM is worth $0.032.

The crypto strategist is also keeping a close watch on Dogecoin (DOGE) rival Floki (FLOKI). The trader shares a chart showing how FLOKI is massively outperforming DOGE this cycle.

“FLOKI vs. DOGE.

The chart speaks for itself.” 

The trader previously predicted that Floki would mirror Dogecoin’s price action during the last bull market and rally to a new all-time high of $0.0018, a rise of about 680% from current levels.

“FLOKI is about to do what DOGE did in 2021.

It’s memecoin season and Floki will be the best performer, in my opinion.” 

At time of writing, FLOKI is worth $0.00023.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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