As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen countless bull runs and bear markets, but the potential growth of FLOKI has truly piqued my interest. Having closely monitored this meme coin since its inception, I must admit that its recent breakout from a descending trendline is a development I can’t ignore.
The meme coin FLOKI has similarly profited from recent investments in the crypto sector, causing a rise in value for numerous digital currencies over both the past day and week.
As a crypto investor, I’ve observed an interesting shift – FLOKI has managed to burst through a downward trendline that has marked its peak rallies since June. This breakout is considered a significant technical development by analysts like World Of Charts, who interpret it as a robust bullish sign. In their view, this breakout potentially paves the way for the meme coin to keep moving forward and reach a new all-time high.
FLOKI Ready For 200% Surge Past All-Time High
Beginning in 2021, FLOKI gained significant attention only recently, following its remarkable 1,100% surge over a five-month period, peaking at an unprecedented $0.0003449. Currently, the meme coin has experienced a decrease of approximately 55% from this record high.
Based on the assessment and forecast made by crypto expert World Of Charts, it seems that this downturn could soon come to an end. The current record high at $0.0003449 may not remain so for much longer.
On social media platform X, World Of Charts published an analysis, featuring a daily candlestick chart comparing FLOKI and TetherUS. This chart suggests that the meme coin recently broke above the resistance line of a bullish pennant flag pattern it has been confined within since reaching its all-time high.
According to the analyst’s forecast, FLOKI appears set for another significant surge in its price trend. This potential surge could potentially surpass its previous record high and aim for a price close to $0.0005. For FLOKI to reach this target price, it would need to experience a rally of approximately 210% from its current market value.
$Floki #Floki Finally Breaking Out Send It Towards New Ath
— World Of Charts (@WorldOfCharts1) October 19, 2024
Is A 200% Rally Possible For FLOKI?
As I pen this down, FLOKI is currently valued at $0.0001554 with a 12% increase over the last week. Remarkably, data from Santiment, an on-chain analytics platform, reveals that FLOKI and other meme coins have seen their highest level of social media buzz in the past five months. This intriguing pattern can be attributed to the renewed attention towards Dogecoin, causing ripples in other meme coins as well.
With increasing interest from investors and a strong technical outlook suggested by experts, it’s plausible that FLOKI could surge by as much as 200%. This cryptocurrency has proven its potential for substantial growth in a short span, having already recorded an astonishing 1,100% rise earlier in the year. If the ongoing hype around meme coins and market trends persist, FLOKI might shatter its resistance barriers, leading to another spectacular surge that could result in a 200% increase by the end of this year.
According to another crypto analyst, FLOKI is set for an even bigger 2,100% increase to $0.002.
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2024-10-21 01:16