A well-known crypto strategist believes that a particular memecoin is about to experience predominantly positive price movements. Inmortal, an analyst with a pseudonym, shares his thoughts with his 212,700 followers on the social media platform X, stating that Floki (FLOKI) appears poised to see significant upward surges.

Inmortal provides a chart that indicates FLOKI had a failed breakdown after the meme token rebounded from a crucial support level at approximately $0.00015. He confidently asserts, “The price is perfectly following my squiggly line. FLOKI experienced a surge on 4/20. Never underestimate the influence of memes. It is now above a key level and will soon rise.”

According to the trader’s chart, it seems that FLOKI will surpass the $0.0002 mark. As of now, FLOKI is valued at $0.000178.

Moving on, Inmortal updates his perspective on Solana (SOL). He predicts that SOL will consolidate for a month before dropping below $100 towards the end of May, causing traders to believe that Solana’s bull rally is coming to an end. However, Inmortal believes that SOL will subsequently experience a sharp rally, approaching $200.

“Chop chop chop, trap, up. SOL.”

As of now, SOL is valued at $157.

Another coin on Inmortal’s radar is the native asset of the modular blockchain network Celestia (TIA). Inmortal believes that TIA will be one of the leading performers once the markets turn bullish again. He shares a chart indicating that TIA will eventually recover support at $11 before rallying back to $17.

“When favorable conditions return… TIA is the coin you should consider longing, in my opinion. For now, we will observe the price development. A clean break, higher low, and acceptance above $11 confirm the solid deviation setup.”

Currently, TIA is valued at $11.57, surpassing Inmortal’s confirmation level.

The last coin on Inmortal’s watchlist is Beam (BEAM), a gaming network based on blockchain technology. The trader believes that BEAM is due for a retest of support at $0.027 before experiencing a surge above $0.032.

“This is exactly what I was hoping for. I plan to start accumulating more… Solid deviation + reclaim.”

At present, BEAM is trading at $0.031.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it a financial advisor. Please note that The Daily Hodl engages in affiliate marketing.

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