A closely watched cryptocurrency strategist believes one meme coin’s recent rally is an indication that rival Dogecoin (DOGE) is about to soar.
Pseudonymous Analyst Immortal To tell His 206,500 followers on social media platform He pointed out that
“FLOKI follows PEPE. As you know, it's an epidemic.”
Trader charts suggest that PEPE could soon break through December highs around $0.00000175. The chart also shows that FLOKI has recorded a similar price pattern and is on track to rise above December highs to around $0.0000490.
At the time of writing, FLOKI is trading at $0.0000512, up over 18% in the past 24 hours, and PEPE is trading at $0.00000264, up over 46% in the past 24 hours.
Vendors too, Predict A massive rally in Ethereum (ETH) versus Bitcoin (BTC) based on historical price patterns.
“I don't know how many times I've posted this graph, but I'll post it again.”
Looking at his own chart, the trader suggests that ETH/BTC is forming a similar pattern as it did in 2020 when it traded at the lower end of a long trading range before rallying to the upper end. The upper end of the current trading range is approximately 0.083 BTC ($4,736).
ETH/BTC is trading at 0.05689 BTC ($3,243) at the time of writing, down more than 2% in the past 24 hours.
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