Crypto Analyst Says Mid-Cap Memecoin Primed To ‘Absolutely Rip,’ Updates Outlook on BNB and Dogecoin

March 29, 2024

A closely followed crypto analyst believes one mid-cap memecoin is gearing up to go on a massive rally.

Pseudonymous trader Kaleo tells his 632,600 followers on the social media platform X that dog-themed crypto asset Floki (FLOKI) appears bullish against Bitcoin (FLOKI/BTC).

“FLOKI versus BTC looks primed to absolutely rip.”

Looking at his chart, the trader suggests FLOKI/BTC is in a bullish trend after printing higher lows on the one-hour chart and is on the verge of flipping a key resistance level into support.

FLOKI/BTC is trading for 0.000000003716 BTC ($0.0002629) at time of writing, up more than 13% in the last 24 hours.

He also believes Floki is primed to soar past its all-time high (ATH) of $0.0003365, which it set in November 2021.

“In my opinion it won’t be lagging here beneath ATH resistance too much longer. Price discovery soon. Expecting it to make new highs… something like [$0.000340] for FLOKI.”

Next up, the trader is bullish on BNB, the native asset of the world’s largest crypto exchange platform, Binance. He predicts a BNB breakout in its Bitcoin trading pair (BNB/BTC).

“BNB/BTC once again looking pretty, pretty good.”

Looking at his chart, the trader suggests BNB/BTC will break out of a descending trendline after making several attempts and rise to 0.0105 BTC ($744.70).

BNB/BTC is trading for 0.008220 BTC ($580.81) at time of writing, down slightly in the last 24 hours.

Lastly, the trader predicts that Dogecoin (DOGE) could soon cross the $0.28 level.

“DOGE on the move again. Send it higher.”