FLOKI Price Is On The Verge Of A “Massive Breakout,” Here’s The Target
Crypto analyst Master Kenobi has provided a bullish outlook for the FLOKI price. The analyst predicts that the top meme coin is on the verge of a massive breakout and could witness an 11x price increase when that happens.
FLOKI Price On The Verge Of A Massive Breakout
In an X post, Master Kenobi opined that the FLOKI price is on the verge of a massive breakout. He explained that a repetitive structure is beginning to take shape for the third consecutive cycle, indicating that the price is imminent.
The analyst’s accompanying chart showed that the top meme coin could record an 11x price increase and rally above $0.00080 when this breakout happens. Master Kenobi noted that this price pump lasts approximately 35 days.
Meanwhile, based on a 112-day measurement as a reference point, the crypto analyst added that this projected price rally is about two weeks away from happening. Master Kenobi also reaffirmed that FLOKI should pump by at least 10 to 11x when this rally finally occurs.
If the FLOKI price pump doesn’t begin in the next two weeks, Master Kenobi suggested that it could happen in early February based on the 140-day scenario he highlighted on the chart.
On a macro scale, the crypto analyst added that the Relative Strength Index (RSI) also seems to confirm the breakout pattern, adding further confidence to this potential scenario.
This rally to $0.0008 is unlikely to be the market top for FLOKI as the crypto analyst had predicted that the meme coin could delete another zero from its price. Master Kenobi previously predicted that the meme coin would reach $0.0023 by March next year.
Fundamentals Support A Price Surge
Floki’s fundamentals also support a price surge for the top meme coin. In an X post, the team announced that the University of Floki is live, which provides a bullish outlook for the FLOKI price.
Floki announced that the crypto education platform aims to bridge the knowledge gap for the next wave of crypto users, making blockchain and web3 technology accessible to everyone.
The University of Floki plans to cater to crypto novices and experts looking to deepen their knowledge. The education platform offers expert-led courses across key areas, including DeFi, Security, Finance, Blockchain, Smart Contracts, and NFTs.
This initiative is expected to draw more attention to the Floki ecosystem and could ultimately contribute to the imminent FLOKI price breakout.
The post FLOKI Price Is On The Verge Of A “Massive Breakout,” Here’s The Target appeared first on CoinGape.
Filed under: News - @ December 24, 2024 5:26 pm