Shiba

FLOKI

Shiba Inu

Status

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-price-increase-for-floki-coin/" data-wpel-link="internal">Analyst Predicts Significant Price Increase for FLOKI Coin</a> 
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. 
<h2 id="floki-coin-comments">FLOKI Coin Comments</h2> 
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 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">technical analysis</a>, 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. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357814" src="https://coin-turk.com/wp-content/uploads/2024/05/floki-coin-turk-com.png" alt="" width="917" height="932"> 
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 <a href="https://en.coin-turk.com/shiba-inu-shib-strikes-back-is-a-bull-run-imminent/" data-wpel-link="internal">memecoin</a> by market value behind DOGE and SHIB, just before it hit consecutive all-time highs earlier this week. 
<blockquote> 
 I am getting all-time high vibes from FLOKI before PEPE. I think the chart looks really good. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357813" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe-floki.png" alt="" width="928" height="961"> 
<h2 id="shiba-inu-latest-status">Shiba Inu Latest Status</h2> 
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. 
<blockquote> 
 People just love dogs and frogs. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-357812" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-4.png" alt="" width="917" height="616"> 
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. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-price-increase-for-floki-coin/" data-wpel-link="internal">Analyst Predicts Significant Price Increase for FLOKI Coin</a></h5>

Analyst Predicts Significant Price Increase for FLOKI Coin

Table of Contents

COINTURK NEWS

Other articles published on May 30, 2024

Judge Fines SEC For Abuse of Power | Blackrock Bitcoin ETF Flips Grayscale

Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin

PEPE whale up nearly $5M on investment within a month

Find Out Why Solana (SOL) And Ethereum (ETH) Whales Are Rapidly Buying The ETFSwap (ETFS) Presale

MoonBag Crypto Outshines Bonk and Floki Inu with Stellar Presale Performance

Shiba Inu’s Shibarium Achieves Major Feat, Curtails Ethereum Bridge Time

Join our free newsletter for daily crypto updates!