As a seasoned analyst with over two decades of experience observing and deciphering market trends, I find myself intrigued by ‘Master Kenobi’s’ latest prediction for Floki (FLOKI). His analysis, based on past price movements, is a testament to his keen eye for recurring patterns. However, as someone who has seen my fair share of bull and bear markets, I remain cautiously optimistic about the projected 2,000% surge.
Regardless of its continuous decline this week, crypto expert believes that Floki (FLOKI) maintains a robust bullish stance. His analysis, drawing parallels with past price fluctuations, suggests an ambitious strategy for Floki. This strategy anticipates a potential 2,000% increase in value for the popular meme coin and rival to Shiba Inu.
Analyst Reveals The Floki Master Plan
In a recent post on X (previously known as Twitter), crypto expert ‘Master Kenobi’ delved into Floki’s historical price fluctuations and spotted an unusual repeating chart pattern. This pattern might signal a potential surge in the cryptocurrency’s value. If Floki maintains this recurring trend, Master Kenobi forecasts a significant price increase around October 22nd.
Based on the analysis, the meme coin with a Viking theme saw an astonishing increase of nearly 92 times its original value over a period of approximately 112 days starting from July 5, 2021. However, this surge was followed by a significant downturn that lasted for 224 days during which the price plummeted by a staggering 98.5%, eventually hitting rock bottom.
It’s worth mentioning that the analyst claimed Floki had transitioned into a more organized phase of growth following its strategic low point. On the Floki graph, Kenobi pointed out three instances where the price stabilized, which were indicated by distinct purple triangles with similar heights but varying sizes.
The analyst revealed that within these triangles, Floki’s price pattern becomes quite predictable, identified by a red triangle. The lower part of this red triangle signifies an excellent area for investors to accumulate, indicating the ideal entry point for Floki’s upcoming price increase.
Kenobi regularly observed that Floki tended to leave this triangular pattern around October 22 annually, marking the start of a period of consolidation which would subsequently lead to a significant increase in price. He pointed out that this surge in price is frequently preceded by approximately 35 days of indicators signaling the creation of the previously mentioned red triangle.
Following this pattern, the competitor to Shiba Inu saw an additional 11-fold increase approximately 112 days after leaving the purple triangle on October 24, 2024. Likewise, when the meme coin departed from the purple triangle on October 24, 2023, it surged 22-times over a period of about 133 days.
According to Kenobi’s repeated observation, he believes that Floki’s predicted bullish spike might occur close to October 22. If the pattern persists, investors can anticipate an uptick in prices, followed by a robust three-month period of stability.
A 2,000% Price Pump To $0.002
According to Kenobi’s findings as mentioned earlier, he anticipates that Floki might experience a significant leap – either reaching new record highs by multiplying 10 times (1,000%) or even increasing by a factor of 21 (2,100%). The analyst revealed that if the previous growth in 2021 occurs again after 112 days of stability, Floki’s price could potentially soar up to $0.0011 – a whopping 11 times increase. Furthermore, its market value is projected to exceed $12 billion.
If the predicted second trend pattern in 2023 materializes this year, Floki’s price might spike to $0.0023 within approximately 133 days, representing a significant surge of 22 times and escalating its market capitalization to an impressive $25 billion. Despite experiencing a steep drop of over 21% in the past week and a further decrease of 1.29% in the last 24 hours, Kenobi remains optimistic about his bullish predictions for the meme coin, currently valued at $0.00013, asserting that these projections are both attainable and reasonable goals.
Read More
Sorry. No data so far.
2024-10-05 00:40