Famous Analyst Examined 3 Altcoins: Two Will Dive, One Will Fly!

The cryptocurrency market continues to go back and forth amid uncertainty. Investors are waiting for the Fed’s interest rate decision following the US CPI information that is below expectations. In the midst of this wait, the well-known analyst, who has built a reputation in the market for his assumptions, is warning of a deep decline for the scorching hot chest coin. In addition, the analyst is updating his outlook for 2 altcoins.

Analyst: FLOKI will see a significant 40% correction!

cryptokoin.com As you can see from , the market is failing to maintain its upside momentum. Leading crypto Bitcoin is experiencing sales around 70 thousand dollars. Bitcoin, which failed in its last breakthrough, visited below 67 thousand dollars. The loss of power of the cryptocurrency also negatively affects altcoins. Chest coins, which have seen strong increases recently, have encountered harsh sales in recent days. During this period, chest coin Floki (FLOKI) rose more than 13 times in just a few months. But then it lost altitude. Well-known analyst Michaël van de Poppe shared the latest allegations to his 720,500 followers on the social media platform X. The analyst warned that FLOKI would see a significant correction. In this context, the analyst made the following statement:

FLOKI is up 1,200% since the start of this run, making a liquidity sweep above the previous high. The risk of a heavy correction is higher than a continuation without an upper line. It only becomes relevant after a 30-40% correction, but not here.

Source: Michaël van de Poppe

A 40% correction from the highs would sink Floki below $0.0002. Meanwhile, at the time of writing, Floki was trading at $0.0002362, down over 4% in the past day.

“ This altcoin is poised to revisit the $0.50 support!”

The analyst next looks at smart contract protocol Fantom (FTM). Van de Poppe assumes that the altcoin is preparing to revisit the $0.50 support. In this regard, the analyst shares the following assessment for the altcoin:

Phantom always makes lower highs and lower lows. It has tested the $0.60 support multiple times and a breakout looks possible. In this case, I have two areas of interest for swing trading in the coming period.

Source: Michaël van de Poppe

Meanwhile, at the time of writing, FTM was trading at $0.6496, down approximately 0.3% in the last 24 hours. The altcoin lost over 22% on its weekly chart.

Analyst predicts a 40% rally for SUI!

The last altcoin on the analyst’s radar is another layer-1 protocol, Sui (SUI). Van de Poppe predicts that SUI will rise almost 40% if it breaks through the immediate resistance of $1.17. In this context, the analyst says the following for the altcoin:

SUI is one of the strongest performers in the markets. It has made a higher base and if the momentum sustains a break above $1.17, the move towards $1.60 will continue.

Source: Michaël van de Poppe

Meanwhile, at the time of writing, SUI was trading at $0.9894, down approximately 4% on the day. The altcoin lost more than 9% on its weekly chart.