About six years ago in 2018, an analyst who accurately predicted Bitcoin’s (BTC) bottom and is closely followed by market observers shared his views on the 48th largest cryptocurrency by market value today.
FLOKI Coin Comments
An analyst named Bluntz shared with his thousands of followers on X that FLOKI (FLOKI) is forming an upward staircase pattern on its daily chart. According to Bluntz, FLOKI may soon exhibit clearer price movements.
In general, the staircase pattern in technical analysis, formed by consecutive high and low candles, is known to indicate an upward trend.
A staircase pattern formed by low dips and low peaks generally indicates a downward trend. This pattern is used to determine the market direction and identify potential entry and exit points.
According to Bluntz’s prediction, FLOKI could increase by over 162% from its current price and reach a level of $0.00075.
As of the time of writing, FLOKI continues to trade at $0.0002512 after a drop of over 6% in the last 24 hours.
According to Bluntz, FLOKI’s potential price movement is similar to the movements made by PEPE, the third-largest memecoin by market value behind DOGE and SHIB, just before it hit consecutive all-time highs earlier this week.
I am getting all-time high vibes from FLOKI before PEPE. I think the chart looks really good.
Shiba Inu Latest Status
On the other hand, the analyst also shared his views on SHIB, the second-largest meme coin by volume. According to the analyst, Shiba Inu (SHIB) has an upward trend, which brings increased interest from people.
People just love dogs and frogs.
As of the time of writing, SHIB continues to find buyers at $0.00002588 after a 5.84% drop in the last 24 hours. SHIB’s market cap has fallen to $15.2 billion, and it remains in 11th place in the Coinmarketcap rankings.
