Famous cryptocurrency analyst, Dogecoin $0.336461 (DOGE) and Shiba Inu (SHIB) rival FLOKI Coin are on the eve of a major uptrend. Although FLOKI Coin is one of the largest meme coins in terms of market value, it has recently entered our lives with Shiba Coin and is similar to Shiba Coin in that it constantly produces projects in hype areas.
FLOKI Coin Ascension Forecast
Anonymous cryptocurrency analyst Bluntz wrote on the social media platform that FLOKI will increase by at least 114% from its current level.
Bluntz stated that FLOKI has almost completed its Inverted Head and Shoulder (TOBO) formation on the weekly time frame. In technical analysis, such a formation may indicate the possibility of the asset experiencing a strong rise soon.
“FLOKI has been accumulating here for about a year and is forming the right shoulder in the high time frame. “The time will come and it will undoubtedly hit new all-time highs in the next few months.” – Bluntz
SUI Coin Predictions
The analyst also shared his opinions about SUI, the altcoin of the layer1 network. Bluntz stated that SUI looks strong despite the market correction.
“The SUI daily chart is impressive, there is just sustained strength. It always declines the least and reaches new all-time highs with slight strength across the market. “I think new all-time highs are likely.” – Bluntz
FLOKI is currently trading at $0.000161, down 53% from its all-time high of $0.000345 reached in June 2024. SUI is at $4.60, down about 15% from its all-time high of around $5.35 reached earlier this month.
According to the analyst’s evaluations, positive developments can be expected for both FLOKI and SUI in the coming months. However, considering the volatile nature of cryptocurrency markets, investors are advised to be careful.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
