Cryptocurrency

Bitcoin

FLOKI

Fantom

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-predict-cryptocurrency-market-shifts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict Cryptocurrency Market Shifts</a><br></p>
<p style="text-align: justify">As the cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> eagerly awaits the Federal Reserve’s decision, volatility has become the norm, particularly for <a href="https://en.bitcoinhaber.net/exploring-new-peaks-bitcoins-price-forecast-post-halving" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and other digital currencies. This market fluctuation, interpreted as preparatory moves for potentially adverse news, was further fueled by a prominent investor raising alarms about a potential decline in a meme coin.</p>
<h2 id="what-did-the-analyst-say-about-floki">What Did the Analyst Say About FLOKI?</h2>
<p style="text-align: justify">Michaël van de Poppe, a well-known market analyst, shared insights on various cryptocurrencies on X, with a particular focus on FLOKI. Van de Poppe noted that Floki (FLOKI) had surged over 13-fold in a few months, indicating a significant market correction could be imminent. The analyst emphasized that the risk of a substantial correction is higher than the possibility of continued upward movement.</p>
<p style="text-align: justify">Should FLOKI experience a 20% correction from its current level, its price could drop to $0.0002. At the time of writing, FLOKI was valued at $0.000235, having fallen more than 14% in the past 24 hours.</p>
<h2 id="will-fantom-ftm-reach-0-50-again">Will Fantom (FTM) Reach $0.50 Again?</h2>
<p style="text-align: justify">Van de Poppe also analyzed Fantom (FTM), suggesting the smart contract protocol might retest the $0.50 support level. FTM has been consistently making lower highs and lower lows, and a breakdown seems likely. The altcoin was trading at $0.632, following a 7% decline in the past 24 hours.</p>
<p style="text-align: justify">The analyst identified two key areas for potential swing trades <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>, considering FTM’s repeated tests of the $0.60 support.</p>
<h2 id="key-takeaways-for-crypto-investors">Key Takeaways for Crypto Investors</h2>
<p style="text-align: justify">Investors can draw several concrete conclusions from the analyst’s commentary:</p>
<ul>
 <li>Monitor FLOKI closely for a potential 20% price drop, bringing its value to around $0.0002.</li>
 <li>For FTM, observe the $0.60 and $0.50 support levels for potential swing trade opportunities.</li>
 <li>SUI could surge by 40% if it breaks the $1.17 resistance, making it a key resistance level to watch.</li>
</ul>
<h2 id="is-sui-poised-for-a-rise">Is SUI Poised for a Rise?</h2>
<p style="text-align: justify">Lastly, Van de Poppe examined Sui (SUI), a layer-1 protocol. He stated that if SUI could surpass the resistance at $1.17, it might rise by 40%. Currently, SUI is trading at about $0.997, with a 3.61% drop during the day. Its market cap stands at $2.42 billion, and its 24-hour trading volume has decreased to $285 million.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-predict-cryptocurrency-market-shifts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict Cryptocurrency Market Shifts</a></h5>

Analysts Predict Cryptocurrency Market Shifts

Table of Contents

BH NEWS

Other articles published on Jun 12, 2024

Bitcoin miners sell BTC worth $83M – Price to fall below $67k now?

Meme Coins Pepe and Bonk Prices Are Pumping: Here’s Why

Mammoth Bitcoin Transfer: How a Dormant Wallet’s $500M Movement Stirred the Market

SHIB and PEPE Print Triple-Digit Surge in Large Transactions

Bitcoin (BTC) Price Slides After Fed's Interest Rate Decision

Average fees on Arbitrum rise 97%, daily transactions increase

Join our free newsletter for daily crypto updates!