A new chart shared by @CryptoElITES suggests that FLOKI is currently sitting at the bottom of a bullish setup and could rally as much as 14x in this cycle. The chart doesn’t just throw around predictions; it shows strong technical signs that back the bullish outlook.
So what exactly does the chart tell us?
The chart is built using Fibonacci retracement levels, a common tool in crypto trading. These levels help identify areas where prices tend to bounce or stall. In this case, the chart highlights key zones such as 23.6%, 38.2%, 61.8%, 78.6%, and 100%.
FLOKI bounced from the 61.8% level, which is often seen as a strong area of support. Right above this zone is a horizontal support line, and the analyst has labeled that point as “Bottom.” From this bottom, FLOKI has already started pushing upward, and the chart suggests this could be the beginning of something much bigger.
What you'll learn 👉
FLOKI Is Trading Inside a Bullish Channel
The chart also shows FLOKI trading inside a clear upward parallel channel. This channel is made up of diagonal white lines that track the token’s long-term movement. When an asset stays within a rising channel like this, it often means the overall trend is still intact and could accelerate higher.
Interestingly, FLOKI just bounced off the lower part of the channel and is now heading back up. If it continues to move upward within this structure, the price could reach the upper boundary of the channel in the coming weeks or months.
A Bullish Cup-and-Handle May Be Forming
Another bullish sign from the chart is the large cup-shaped pattern visible in the middle. This pattern usually points to a trend reversal followed by a strong breakout. A cup-and-handle is a classic signal traders watch for when looking for long-term opportunities.
If FLOKI finishes this pattern with a successful breakout above the resistance zone near the 100% Fibonacci level, it could set the stage for a big rally. That resistance line lines up with a past high, so once FLOKI clears it, the path to new highs opens up.
@CryptoElITES didn’t hold back. He marked a 14x target on the chart, suggesting that FLOKI could reach $0.00050400 if this setup plays out fully. At the time the chart was posted, the FLOKI price was around $0.00003600, so that kind of move would mean huge upside.
This price target sits well above the previous high, which means FLOKI would enter price discovery and potentially make a new all-time high. The chart even shows a steep parabolic curve indicating how the move could unfold quickly once momentum builds.
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What to Watch Next for FLOKI Price
Traders will be watching key resistance levels on the way up. First is the 61.8% Fibonacci level where price recently reacted. Then comes the 78.6% mark, and finally the 100% level that has served as a ceiling in the past.
If FLOKI breaks above that 100% level, it could confirm the bullish reversal and open the door to the 14x zone highlighted on the chart.
This chart is one of the more detailed and bullish FLOKI setups we’ve seen recently. It combines several strong technical indicators: a bottoming structure, a rising trend channel, a potential cup-and-handle, and a well-defined upside target.
According to @CryptoElITES, FLOKI has already done a 2x move but this might only be the beginning. If the market cooperates and the pattern plays out as expected, FLOKI price could be looking at another big run.
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