Analyst Says This Leading Meme Coin Is Set For 115% Explosion – It’s Not Dogecoin Or Shiba Inu

by

As a crypto investor, I’ve noticed the buzz surrounding Dogecoin and Shiba Inu in recent weeks, with many analysts predicting new all-time highs, particularly for Dogecoin. Yet, after studying the charts, I believe another meme coin is set to surge significantly – Floki. According to the technical analysis by crypto expert Bluntz (@Bluntz_Capital), Floki could experience a massive 115% rally in the coming months. In his latest social media post, he pointed out its long-term accumulation pattern and potential technical breakout as indicators of this potential rise.

Meme Coin Accumulation Points To Major Breakout

2024’s initial half proved to be an exceptional period for the meme coin, FLOKI, as it experienced a remarkable spike that placed it among the top-performing meme coins. This impressive performance and influx of investments led FLOKI to reach its peak value of $0.0003449 by June’s first week.

Over the last few months, FLOKI hasn’t attracted much attention, even during the Q4 2024 rally. This period of low visibility is reflected in FLOKI’s price trend, which has seen decreasing highs since June 2024. Despite this prolonged quiet phase, crypto analyst Bluntz has identified a promising development in FLOKI’s price movement. In his latest analysis, he highlighted that FLOKI has once again entered a crucial accumulation zone, a pattern it has been forming for almost a year now.

As per Bluntz’s analysis, we are witnessing a long-term development that forms a ‘right shoulder’ on the weekly candlestick chart. This ‘right shoulder’ is a crucial component of the inverse head-and-shoulders pattern, which is known for being one of the most optimistic setups in technical analysis.

The buildup in price around the right shoulder is occurring between approximately $0.00011 and $0.00017, which aligns with the trading range established during the formation of the left shoulder earlier this year. After the left shoulder completed its formation, FLOKI surged to $0.0003449 in June. Given this past pattern, it seems plausible that the current consolidation at the right shoulder may serve as a platform for a substantial price increase.

FLOKI To New All-Time Highs?

Bluntz’s examination indicates that the buildup pattern in FLOKI might propel its price towards record-breaking levels. If the accumulation on the right shoulder results in a breakout comparable to the left shoulder, FLOKI may experience a substantial surge, possibly surpassing its current peak and potentially achieving this within the next few months, as suggested by the analyst.

Currently, FLOKI is being traded at $0.000164. Its highest historical value, or the projected all-time high, stands at $0.0003449. If FLOKI manages to reach this anticipated peak, it would signify a substantial 115% increase from its current price level.

Read More

2025-01-12 00:41