Analyst Predicts Floki’s Price Could Surge by 2,000% Soon

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Although it has been on a downward trend throughout the week, Floki (FLOKI) is still showing strong bullish signals, as noted by a cryptocurrency analyst. Using past price movements as a reference, the analyst has crafted a comprehensive strategy for Floki, forecasting a 2,000% rise for this well-known meme coin and rival of Shiba Inu.

Analyst Unveils The Floki Strategy

In a recent post on X (formerly Twitter) a crypto analyst named ‘Master Kenobi’ shared insights on Floki’s historical price patterns, pinpointing a distinctive recurring chart configuration that could signal a potential price surge for the coin. The analyst suggested that if Floki continues to follow this pattern, a significant price increase might occur around October 22.

The analyst noted that the Viking-themed meme coin saw a remarkable increase of approximately 92X over 112 days starting from July 5, 2021, followed by a prolonged decline lasting 224 days where its value plummeted by an astounding 98.5%.

Importantly, the analyst pointed out that after reaching this critical low, Floki entered a more stable growth phase. Kenobi also highlighted three consolidation periods on the Floki chart, depicted as distinct purple triangles with similar heights but differing lengths.

Within these triangles, Floki’s price behavior appears to be relatively predictable, indicated by a red triangle. The lower half of this red triangle is regarded as the optimal accumulation zone for investors, offering the best entry point for Floki’s upcoming price ascent.

Kenobi indicated a recurring trend where Floki usually exits these triangles around October 22 annually, marking the start of a new consolidation phase followed by a potential price explosion. This price explosion is often anticipated about 35 days before the formation of the red triangle mentioned earlier.

Following this trend, the Shiba Inu rival saw another 11X increase approximately 112 days after moving out of the purple triangle on October 24, 2024. Likewise, after breaking out of the purple triangle on October 24, 2023, the coin surged 22X within 133 days.

Based on this consistent pattern, Kenobi identifies October 22 as Floki’s “magical date” for a potential bullish surge. The analyst foresees that if the trend persists, investors should prepare for a price surge followed by three months of significant consolidation.

A 2,000% Price Surge to $0.002

According to Kenobi’s observations outlined earlier, he anticipates that Floki could either experience a 1,000% increase to new highs or a remarkable 2,100% rise. The analyst pointed out that if the first scenario from 2021 comes to pass, after 112 days of consolidation, Floki could soar 11X to reach $0.0011. Furthermore, its market cap could rise above $12 billion.

On the other hand, if the second trend pattern from 2023 unfolds this year, Floki’s price could escalate to $0.0023 within 133 days, representing a 22X increase and pushing its market cap to $25 billion. Despite Floki dropping over 21% in the last week and declining another 1.29% in the past 24 hours, Kenobi firmly asserts that his bullish forecasts are “perfectly achievable and realistic” for the meme coin, which is currently trading at $0.00013.