The cryptocurrency market is currently experiencing volatile price movements as anticipation builds around the FED's upcoming decision. This instability is notably affecting Bitcoin and other cryptocurrencies, with market participants gearing up for potential negative developments.

Amidst these fluctuations, a renowned market analyst has stirred unease by outlining a potential decline scenario for a meme coin. Michaël van de Poppe, a respected figure in the industry, recently assessed various cryptocurrencies on social media, with FLOKI garnering his attention. He highlighted the significant growth of FLOKI, which has surged over 13 times in a short period, suggesting the likelihood of a considerable correction.

Van de Poppe cautioned that FLOKI, having seen a remarkable 1,200% increase from the onset of its rally, may face a substantial correction ahead. He emphasized that a correction of around 20% could lead FLOKI's price to drop to $0.0002, with the current value standing at $0.000235, having declined by more than 14% in the past 24 hours.

Moving on to the smart contract protocol Fantom (FTM), the analyst noted a potential revisit to the $0.50 support level. He pointed out the consistent pattern of lower highs and lower lows, indicating a possible breakdown given the repeated tests of the $0.60 support. As for Sui (SUI), a layer-1 protocol, Van de Poppe suggested that if it breaches the $1.17 resistance level, it could see a 40% rise.

These insights highlight the current trends and predictions in the cryptocurrency market as analyzed by the expert. Stay informed about potential corrections and price movements in various cryptocurrencies.