Memecoins saw renewed traction, with Pepe (PEPE) breaking to an all-time high (ATH). FLOKI could follow, as both tokens formed bullish flag patterns since November.
📈 FLOKI Price Prediction
FLOKI’s recent surge cleared the $0.0002 resistance and retested it as support, making it a key level for bulls. A move above the 78.6% Fibonacci level at $0.00027 could propel FLOKI to its 2024 high of $0.00035. Short-term, the target is $0.00033 based on the channel pattern. A drop below the channel, however, could push FLOKI to $0.00014.
📊 Bullish Technical Indicators
The 3-day chart shows bullish momentum, with Stochastic RSI signaling strength and CMF reflecting capital inflows. These indicators suggest a higher likelihood of a breakout.
🐋 Whales Drive Demand
Over the weekend, whale wallets increased their holdings from 78.5 billion to 80.4 billion FLOKI tokens, accumulating 1.9 billion in 48 hours. This shows confidence from large investors in a potential rally.
🚀 Potential Gains vs. Risks
If FLOKI mirrors PEPE’s pattern, a +20% gain could be possible. However, a drop below $0.00020 would invalidate the bullish outlook and signal further downside.
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