FLOKI Poised for Growth
Bluntz, a renowned analyst who accurately predicted the 2018 Bitcoin bottom, believes FLOKI (FLOKI) is on the verge of a significant price increase. He notes that the cryptocurrency has formed a bullish “stair-step” pattern on its daily chart, indicating a potential surge.
Escape Velocity in Sight
According to Bluntz, FLOKI is expected to reach an impressive price target of $0.00075, representing a 162% increase from its current value. He compares FLOKI’s current price action to that of Pepe (PEPE) before its recent all-time high.
Shiba Inu Also Bullish
Bluntz also expresses optimism for Shiba Inu (SHIB), the second-largest memecoin by market cap. He attributes the bullish sentiment to the popularity of “dogs and frogs” among investors.
Technical Analysis
Stair-step patterns in technical analysis indicate a bullish trend when higher highs and higher lows alternate. Conversely, lower lows and lower highs suggest a bearish trend. Bluntz’s analysis suggests that FLOKI is in a bullish phase, with potential entry and exit points identified based on the pattern.
