Additionally, its market capitalization is expected to increase to above $12 billion. Related Reading: Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally In contrast, if the second trend pattern in 2023 occurs this year, the price of Floki could jump to $0.0023 in 133 days, marking a 22X increase and a rise in its market capitalization to $25 billion. Despite Floki declining by over 21% this past week and plummeting again by 1.29% in the last 24 hours, Kenobi has confidently stated that his bullish projections are a "perfectly achievable and realistic” goal for the meme coin, which, as of writing, is trading at $0.00013. Featured image created with Dall.
Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge. Analyst Reveals The Floki Master Plan In a recent X (formerly Twitter) post, crypto analyst, Master Kenobi’ discussed Floki’s past price movements, identifying a unique recurring chart pattern that could indicate a future price spike for the cryptocurrency.
The lower half of this red triangle is seen as the best accumulation zone for investors, reflecting the most optimal entry point for Floki’s next upward move. Kenobi identified a recurring pattern where Floki typically exited this triangle around October 22 each year, representing the beginning of a new phase of consolidation followed by a massive price pump.
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