The post FLOKI Traders Eye October 22 for Possible Breakout Pattern appeared on BitcoinEthereumNews.com.

October 22 is a critical date when FLOKI historically breaks out from consolidation patterns. FLOKI’s potential for major gains is often signaled around October 22 each year, based on past trends. According to prominent crypto analyst Master Kenobi, FLOKI’s journey began on July 5, 2021, when the token saw a tremendous climb over 112 days, resulting in a staggering 92x ROI. However, after this skyrocket surge, FLOKI experienced a bear market, with its price falling by 98.5% over 224 days and hitting bottom earlier than many other cryptocurrencies. #FLOKI Master Plan The #FLOKI chart starts on July 5, 2021, when it experienced a spectacular rise over 112 days, reaching an impressive 92X. Afterward, a bear market followed, and after 224 days of decline, #FLOKI found its bottom, with a 98.5% correction, well ahead of other… pic.twitter.com/ZgAs3H93n2 — Master Kenobi (@btc_MasterPlan) October 3, 2024 FLOKI: Predictable Consolidation and October Breakouts  Following this rapid drop, Kenobi believes he has partially understood the pattern of growth. He observed three purple rectangles with the same height but different lengths while reviewing FLOKI’s price charts. These rectangles depict periods of consolidation in which the FLOKI price moves within specific bounds. Kenobi recognized that price changes within these rectangles are predictable, which he represented by highlighting critical accumulation zones with a red rectangle. One particularly noteworthy component of this pattern is that FLOKI often emerges from these consolidation periods around October 22nd each year. Following this breakthrough, the price does not revert to the previous low but rather enters a new period of consolidation before making another strong upward rise. For example, after escaping the consolidation rectangle on October 24, 2022, FLOKI experienced an 11x rise in just 112 days. Similarly, following the next breakout on October 24, 2023, the token experienced a 22x rise in…

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Filed under: News - @ October 6, 2024 7:15 am