Renowned crypto analyst Bluntz indicates that FLOKI Coin, a competitor to Dogecoin $0.332733 (DOGE) and Shiba Inu (SHIB), is on the brink of a significant price surge. As one of the largest meme coins by market capitalization, FLOKI Coin has entered the market recently, showcasing similarities to Shiba Coin through its constant project developments and hype.
FLOKI Coin Price Prediction
Bluntz has claimed on social media that FLOKI could see an increase of at least 114% from its current level. The analyst noted that FLOKI is nearly completing a Reverse Head and Shoulders pattern on its weekly timeframe, suggesting a strong upward movement soon.
“FLOKI has been accumulating here for about a year and is forming the right shoulder on a high timeframe. The time will come, and it will undoubtedly see new all-time highs in the coming months.” – Bluntz
SUI Coin Predictions
Bluntz also shared his insights on SUI, a layer-1 network altcoin. Despite market corrections, he expressed that SUI appears strong, emphasizing its impressive daily chart.
“SUI’s daily chart is impressive; there is constant strength. It rarely declines and reaches new all-time highs with slight power across the market. I believe new all-time highs are likely.” – Bluntz
Currently, FLOKI is trading at $0.000161, down 53% from its all-time high of $0.000345 reached in June 2024. Meanwhile, SUI hovers around $4.60, approximately 15% lower than its recent peak of around $5.35 earlier this month. According to the analyst’s assessments, positive developments are expected for both FLOKI and SUI in the upcoming months, but caution is advised due to the volatile nature of crypto markets.