Floki Inu’s (FLOKI) chart shows potential for a 30X surge. An analysis by @CryptoELlTES highlights a cup and handle formation, a widely recognized bullish continuation pattern. Key resistance and Fibonacci extension levels suggest FLOKI could see a major breakout.
The technical analysis shared by @CryptoELlTES points to a well-formed cup and handle pattern on FLOKI’s price chart. This pattern consists of a rounded bottom (cup) followed by a consolidation phase (handle) before a breakout.
According to the analysis, FLOKI has already completed the cup, with its peak at approximately $0.00037126. The handle is forming near the 0.786 Fibonacci level ($0.000141229), signaling a potential breakout if the price surpasses the critical resistance level.
Floki / USDT Analysis
— @CryptoELlTES (@CryptooELITES) February 5, 2025
🎯 Targets:
1️⃣ $0.00037126
2️⃣ $0.00116900
3️⃣ $0.00524350
Current Position:
Floki holds its place in my bull market portfolio with an approximate 5X potential—and I expect it to go much higher!
Stay focused, and let’s aim for the top together. 💪$FLOKI… pic.twitter.com/NFvKHXjAPO
What you'll learn 👉
Key FLOKI Price Levels and Fibonacci Extensions
The chart outlines essential price targets derived from Fibonacci extensions. The main breakout level is set at $0.00037126. This level is a crucial resistance level that FLOKI needs to surpass to validate a bullish continuation.
Additionally, the mid-term goal is set at $0.00116900, corresponding to the 1.272 Fibonacci extension, whereas the extended goal of $0.00524350 indicates the 1.618 Fibonacci level, implying considerable upward potential.
On the support side, FLOKI has several key levels to monitor. The 0.618 Fibonacci retracement at $0.000068057 serves as strong support, with the 0.5 Fib level at $0.00004755 acting as medium support.
Additional supports include the 0.382 Fibonacci level at $0.000024405 and the 0.236 level at $0.000012940, which could act as the last line of defense in case of a deeper correction. At publication, FLOKI trades above these levels at about $0.0000986.
Read also: Analyst Revises XRP Price Forecast – Is $10 Still in Play?
FLOKI Market Sentiment and Key Catalysts
FLOKI remains part of @CryptoELlTES’ bull market portfolio, reflecting confidence in its long-term upside. The analyst emphasizes that FLOKI holds an approximate 5X potential at current levels, with the expectation of further gains.
The broader market’s sentiment, particularly Bitcoin’s performance, could impact FLOKI’s trajectory. A confirmed breakout above $0.00037126 with strong volume could drive a rally toward the projected Fibonacci targets.
While the bullish case for FLOKI is strong, risks remain. A failure to break $0.00037126 could lead to a retest of support at $0.000068057. Additionally, a weak breakout without substantial volume may result in a false move, triggering a pullback. Broader market conditions, including Bitcoin’s price action, could also influence FLOKI’s ability to sustain upward momentum.
Floki Inu’s price action attracts interest, with a potential 30X move on the horizon. If the cup and handle pattern plays out as expected, FLOKI could experience a breakout in the coming weeks.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
