18 hours ago
A closely followed analyst believes the meme token Floki ( FLOKI ) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart. Bluntz uses the Elliott Wave theory, which states that a bullish asset tends to ignite a five-wave upside move after completing an ABC retracement. “FLOKI is another major meme looking turbo bullish in my opinion and heading to ATHs. Price action from the November highs looking like another high timeframe ABC with a fresh impulse looking underway, ATH before the end of the cycle is inevitable in my opinion.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that FLOKI will surge close to $0.0004 by March. At time of writing, FLOKI is worth $0.0002. The analyst is also watching the US dollar index (DXY), which traders use as a barometer for investors’ risk appetite. According to Bluntz, the DXY looks bearish after respecting a key Fibonacci resistance level and concluding an ABC upside correction. He now expects the index to drop below 100. “DXY looks topped now, hit 108 as I expected, wicked a major 0.618 level, and looks like a long slow ABC up after an impulsive move to the downside. Risk assets held up extremely well while DXY pumped which was counterintuitive. I think we start heading back below 99 in 2025.” Source: Bluntz/X A bearish DXY chart typically suggests that investors are unloading their US dollars to accumulate risk assets such as crypto and stocks. At time of writing, the DXY is hovering at 108. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix 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. Generated Image: Midjourney The post Analyst Says FLOKI Looks ‘Turbo Bullish,’ Predicts ‘Inevitable’ New All-Time Highs for the Major Memecoin appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Altcoins Trading dxy Floki News trading US Dollar Index
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
‘The Boom Has Just Begun,’ Says Top Investor About Ripple (XRP)
2025 is expected to be another good year for crypto. Apart from the fact the Bitcoin post-halving year has historically been a good one for the spa... The Daily Hodl
Cardano Whales Grab Over 20% of IntelMarkets Before Launch, Can It Match ADA’s 440% Growth in 2024
Cardano (ADA) has gained a lot of attention after rising by 440% within the year. Nevertheless, the focus has now shifted towards IntelMarkets (INTL). It is an artificial intelligence trading platform that will transform trading within the context of the cryptocurrency market. As Cardano whales accumulate more than 20% of IntelMarkets (INTL) tokens before its launch, is it possible for this emerging platform to mimic ADA’s skyrocketing success? Let’s find out ahead. Cardano (ADA) Whales Shift Attention to IntelMarkets An interesting phenomenon in the crypto space is the shift of Cardano (ADA) whales to IntelMarkets (INTL). According to some sources, more than 20% of INTL’s initial supply has been bought by the major ADA buyers. This strategic move indicates increasing optimism about the potential of IntelMarkets to spearhead a revolutionary form of growth. Cardano has been appreciated recently for its adherence to decentralized governance and the general principle of sustainable growth. However, the main advantage of using IntelMarkets is that it focuses on applying AI in practice. This includes its trading robots alongside an AI blockchain, which is arguably among the most innovative developments. Due to IntelMarket’s (INTL) distinctive features of trading, many analysts agree that it has the chance to become the next star in the crypto universe. IntelMarkets (INTL): Redefining Crypto Through AI It would be entirely wrong to refer to IntelMarkets (INTL) just as another token among thousands of others in the sphere of cryptocurrencies. It is based on its AI-developed cryptocurrency blockchain that uses more than 350,000 data points. Providing users with unparalleled accuracy in decision-making processes and trading, it is a perfect choice for investors. Compared to more conventional blockchains, IntelMarkets is moving in a brand new direction in terms of scalability and governance mechanisms. Its AI-powered ecosystem removes speculation from trading and arms the user with data and predictive analysis in real-time. Can IntelMarkets (INTL) meet the growth rate of ADA? The ADA token rose from $0.50 to $1.13 in a year, signifying the market’s demand for new developments. IntelMarkets (INTL) is poised to ride on this kind of momentum. It plans to provide a superior trading experience through automation and artificial intelligence while rectifying the various flaws of trading platforms. Source: CoinMarketCap The prospects are quite promising for further development. AI enables IntelMarkets to operate despite changing market conditions, and this is not possible in the case of traditional blockchains. According to industry analysts, IntelMarkets has a promising future. Due to its prediction analysis feature and its user-friendly trading platform, it can effectively meet the demands of modern trading. A growth rate of 440% as Cardano’s may seem ambitious to achieve for this new token. But, the specifics of IntelMarkets’ functioning make it possible to consider this platform a worthy participant in such a race. Bottom Line IntelMarkets (INTL) opens a new chapter in the development of the cryptocurrency world. When Cardano (ADA) whales exit their large positions and focus on this AI-based token, then positive growth is signaled. By analyzing the current situation in the crypto market, IntelMarkets presents an inspirational vision for the future. For someone interested in the next big thing in crypto, then IntelMarkets (INTL) may be a fantastic choice. Given its features and appropriate positioning, it can take on the role of a market leader and achieve incredible growth rates like Cardano and others. Learn more about the IntelMarkets (INTL) presale: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl
EXCHANGE
-
How to Buy Axelar (AXL) Coin?
2 saat önce
