FLOKI meme coin is showing signs of potentially big price growth according to technical analysis. A crypto analyst who has been tracking this coin’s movements suggest it could be on track for significant gains in the current market cycle.
CryptoELITES, a prominent analyst in the crypto space, shared their bullish outlook on FLOKI. They’ve included the token in their bull market portfolio, expecting around a 5X return at minimum, with possibilities for even greater returns.
CryptoELITES stated that “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.”
The analysis looks at FLOKI against USDT using Fibonacci retracement and extension levels—tools traders often use to identify potential price targets. According to the chart, FLOKI has found support at the 0.618 Fibonacci level (0.000068057), which many traders consider a key support zone before potential upward movements.
What you'll learn 👉
A Bullish Pattern Forming for FLOKI Price
The setup features a cup and handle pattern that appears to be forming on the chart. This pattern is widely recognized among traders as a bullish signal that often precedes significant price increases.
The price seems to be consolidating before potentially breaking out toward the 1.0 Fibonacci level at approximately 0.000357918. If this breakout occurs, it could open the path to much higher price targets.
Three Price Targets to Watch
The analysis highlights three main price targets for FLOKI:
The first target is $0.00037126, which would test previous resistance levels. Breaking through this could lead to the second target at $0.00116900, representing a major breakthrough toward the 1.272-1.414 Fibonacci extension zone.
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For the most optimistic scenario, the third target sits at $0.00524350, which aligns with the 1.618 Fibonacci extension level. Reaching this target would represent substantial growth from current prices.
These projections suggest potential for a 30X increase from lower support levels if market conditions remain favorable. However, achieving such growth would require strong momentum and overall positive sentiment in the crypto market.
CryptoELITES emphasizes a long-term perspective, suggesting that patience may be key for those looking to benefit from FLOKI potential price movement in this market cycle.
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