Analyst Bluntz, known for his successful predictions, stated that there is a significant upward expectation for FLOKI (FLOKI), the 49th largest crypto asset by market value. Bluntz notes that FLOKI is forming an ascending stair step pattern on the daily chart, saying that this crypto asset may be preparing to reach escape velocity soon. This ambitious prediction has created great excitement among meme coin investors.
In technical analysis, the stair-step pattern is a chart formation that exhibits a structure in which the price moves upwards at certain intervals and each step is above the previous step. This pattern generally refers to a situation in which an asset continually gains value and creates new highs at regular intervals. Stair-step patterns are used to determine the direction of the market and identify potential entry and exit points. When this pattern occurs, analysts and investors receive strong signals that the trend will continue.
According to Bluntz’s chart, the current price of analyst FLOKI is 0.0002489 He predicts that it may rise to $0.00075, approximately 200% above the dollar. This prediction indicates that FLOKI may experience a significant increase in value in the future and provide high returns to its investors. According to Bluntz, FLOKI’s technical indicators support this ambitious goal and the crypto asset is poised to make a big breakout in the market.
As we reported yesterday, according to Bluntz, FLOKI’s price action is currently mimicking the price action of Pepe (PEPE), with the third-largest meme coin by market cap hitting a new all-time high earlier this week.
The widely followed analyst also says that Shiba Inu (SHIB), the second largest meme coin by market cap, is also in an uptrend.
“People only like dogs and frogs.”
SHIB, at the time of writing 0.00002663 It is traded in dollars.
Considering the recent potential of meme coins, some strategic steps can be recommended for investors. First of all, it is important to closely monitor price movements using technical analysis methods. Additionally, it would be beneficial for investors to apply risk management strategies and place buy and sell orders at a certain price. In this way, it may be possible to reach targeted earnings levels while being protected from possible fluctuations. Finally, it is worth noting that the market has experienced some decline.
You can access current market movements here.
