Despite being in a downward trfinish all week, Floki (FLOKI) remains meaningfully bullish, according to a crypto analyst. Basing his analysis on analogousities between past price transferments, the analyst has portrayd a master set up for Floki, predicting that the famous meme coin and Shiba Inu competitor is set for a 2,000% sguide.
Analyst Reveals The Floki Master Plan
In a recent X (createerly Twitter) post, crypto analyst, ‘Master Kenobi’ converseed Floki’s past price transferments, chooseing a exceptional recurring chart pattern that could show a future price spike for the cryptocurrency. The analyst predicted that if Floki can persist this recurring pattern, a massive price pump could happen around October 22.
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According to the analyst, the Viking-themed meme coin sended a acute ascend of about 92X over 112 days begining from July 5, 2021, trailed by a lengthy deteriorate spanning 224 days, where its price crashed by a whopping 98.5%, achieveing its bottom.
Notably, the analyst stateed that after hitting that strategic low point, Floki had accessed a more set upd growth phase. On the Floki chart, Kenobi also identified three periods of price validateation reconshort-termed by exceptionainhabit purple triangles with analogous heights but varying lengths.
The analyst disseald that inside these triangles, the price behavior of Floki becomes relatively predicted, labeled by a red triangle. The decrease half of this red triangle is seen as the best accumulation zone for spreadors, echoing the most chooseimal entry point for Floki’s next upward transfer.
Kenobi identified a recurring pattern where Floki typicpartner exited this triangle around October 22 each year, reconshort-terming the beginning of a new phase of validateation trailed by a massive price pump. He remarkd that this price pump is standardly signaled 35 days before the createation of the aforealludeed red triangle.
Continuing on this trfinish, the Shiba Inu competitor sended another 11X incrrelieve 112 days after exiting the purple triangle on October 24, 2024. Similarly, after the meme coin transferd out of the purple triangle on October 24 2023, it jumped 22X in 133 days.
Based on this recurring pattern, Kenobi has proposeed that Floki’s “magical date” for a potential bullish sguide is probable around October 22. The analyst has predicted that if the pattern helderlys, spreadors should predict a price ascend trailed by 3 months of mighty validateation.
A 2,000% Price Pump To $0.002
Based on Kenobi’s observations highweightlessed above, he predicts that Floki could either witness a 1,000% sguide to new highs or a 2,100% incrrelieve. The analyst disseald that if the first scenario in 2021 repeats, after 112 days of validateation, Floki could see its price skyrocketing by 11X to achieve $0.0011. Additionpartner, its labelet capitalization is predicted to incrrelieve to above $12 billion.
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In contrast, if the second trfinish pattern in 2023 occurs this year, the price of Floki could jump to $0.0023 in 133 days, labeling a 22X incrrelieve and a ascend in its labelet capitalization to $25 billion. Despite Floki declining by over 21% this past week and plummeting aget by 1.29% in the last 24 hours, Kenobi has self-guaranteedly stated that his bullish projections are a “perfectly achievable and down-to-earth” goal for the meme coin, which, as of writing, is trading at $0.00013.
Featured image originated with Dall.E, chart from Tradingwatch.com
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