January 9, 2024 8:09 AM | 1 min read
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A pseudonymous cryptocurrency analyst has expressed a bullish outlook on FLOKI (CRYPTO: FLOKI), suggesting a substantial escalation in its price following a bounce from key support levels.
What Happened: “Looking hot on FLOKI right now as we put in a 14% bounce on support. Accumulation pattern kicking in now, will be a big mover in the Meme run,” Crypto Tony noted.
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Separately, forecasts for FLOKI’s price trajectory indicate a potential increase of approximately 44.2469%, adding momentum to the expected rally.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Earlier analyses from crypto strategist Crypto Tony in December revealed pivotal moments for FLOKI.
According to Crypto Tony’s technical assessment, surpassing the $0.000060 threshold could signify a new high for the token. The analyst said, “Once we break that high it really is moon time legends. Doge season is kicking off and we have FLOKI / DOGE at the forefront of it.”
Adding to the wave of positive sentiment, another cryptocurrency analyst Kaleo pointed to a potential 40% jump for FLOKI, especially in light of Dogecoin (CRYPTO: DOGE) reaching $0.10 on December 10.
Price Action: At the time of writing, FLOKI was trading at $0.00002977, up 7% on Tuesday, according to Benzinga Pro.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
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