Why Is FLOKI Price Surging? Chart Pattern Looks “Very Dangerous”

The price of Floki Inu (FLOKI) has moved 18% in the past 24 hours and more than 32% this week, making it a total of more than 260% in the past 1 year. With all these moves, it looks like the whole price rise is not over, as different analysts are seeing the potential for more moves.

Floki (FLOKI) is a utility token at the heart of the Floki Ecosystem, created by fans of the Shiba Inu (SHIB) community and named after Elon Musk’s dog. The community, known as “Floki Vikings,” is dedicated to their collective efforts, consistently ranking in the Top 10 of LunarCrush’s social engagement leaderboards.

Crypto GEM SAMURAI Sees 10-100x Potential

According to Crypto GEM SAMURAI (@Cryptogemsamu), FLOKI is up 35% with potential for a 10-100x increase in a bull market. He believes FLOKI is a comfortable long-term hold.

Team LAMBO: FLOKI Breakout Looks “Very Dangerous”

In Team LAMBO’s (@TehLamboX) analysis, FLOKI is breaking out of a descending triangle which she describes as looking “very dangerous.” She believes this signals that a major 3x move is coming soon as FLOKI runs in the altcoin season.

The recent price surge combined with bullish outlooks from analysts indicates there could be significant upside still in store for FLOKI holders. The technical setup and highly engaged community seem to suggest its next leg up may just be getting started.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.