Altcoin
Analyst Reveals Two Levels To Watch Before FLOKI Price Hits ATH
Crypto analyst Master Kenobi has revealed two levels to watch out for before the FLOKI price hits a new all-time high (ATH). The analyst also revealed the timeline for when the top meme coin could reach these price targets.
Two Levels To Watch Before FLOKI Price Hits ATH
In an X post, Master Kenobi revealed $0.00021 and $0.00028 as two levels to watch before the FLOKI price hits its current ATH of $0.00035 and enters price discovery. He added that he believes that the top meme coin will hit these price levels this month.
The analyst’s accompanying chart showed that FLOKI could rally to as high as $0.0011 as it rallies to a new ATH. A rally to this price level represents a gain of around 478% for the meme coin.
Master Kenobi also recently provided a bullish outlook for the FLOKI price. The crypto analyst mentioned that the crypto was on the verge of a massive breakout that could send its price to around $0.00080.
In a recent X post, he again reaffirmed that the meme coin was on the verge of a price breakout. Master Kenobi suggested that FLOKI could soon breakout from the two-weeks rectangle.
More Bullish Outlook For The Top Meme Coin
Other crypto analysts have provided a bullish outlook for the FLOKI price. One of them is World Of Charts. In an X post, the crypto analyst noted that the meme coin has recorded a 2x price increase from its last breakout.
He added that FLOKI is now bouncing again from the horizontal support area and approaching the bullish flag trendline. In line with this, World Of Charts predicted that the meme coin could record another 2x price increase in the coming days.
Crypto analyst Poseidon noted that the FLOKI price has recorded 300 days of consolidation. He remarked that this consolidation phase should end with an expansion to the upside.
From a fundamentals perspective, FLOKI also has a bullish outlook. As CoinGape reported, the meme coin’s ETP could go live in the first quarter of this year. This fund will attract institutional inflows into the coin’s ecosystem and possibly contribute to future price rallies.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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