Crypto Analyst Sees Memecoins Staging a Comeback, Predicts Rallies for DOGE and FLOKI
A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks that it is almost time for memecoins to shine. Pseudonymous analyst Bluntz tells his 315,000 followers on the social media platform X that meme token Floki (FLOKI) is printing a bullish divergence signal on the daily chart. A bullish divergence is traditionally seen as a bullish reversal signal as it suggests that an asset is gaining momentum even if the price drops lower or moves sideways. Says Bluntz, “There is monster FLOKI bullish divergence printing here after it swept a MAJOR level, could print today or tomorrow. Love it or hate it, the meme meta is probably staging a comeback here.” Source: Bluntz/X At time of writing, FLOKI is trading at $0.000098. Looking at fellow memecoin Dogecoin (DOGE), Bluntz believes that the crypto asset has completed an ABC corrective wave against the US dollar and Bitcoin (DOGE/BTC). Bluntz mostly ...