{"id":642462,"date":"2024-09-17T15:30:47","date_gmt":"2024-09-17T15:30:47","guid":{"rendered":"https:\/\/wncen.com\/?p=642462"},"modified":"2024-09-17T05:20:02","modified_gmt":"2024-09-17T05:20:02","slug":"shiba-inu-floki-54-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/floki\/shiba-inu-floki-54-breakout\/","title":{"rendered":"Shiba Inu Competitor FLOKI Forms Falling Wedge That Could Trigger 54% Breakout"},"content":{"rendered":"
After going on an incredible run back in 2023, top Shiba Inu competitor FLOKI has swam into the mainstream of crypto investments. Its break toward the $1 billion market cap level solidified its position as one of the leading meme coins<\/a> in the space. Although FLOKI has struggled in the market after its initial bullish run<\/a>, falling more than 50% from its 2023 peaks, it is still a favorite among investors, and analysts, who expect the meme coin to see bullish momentum going forward.<\/p>\n Crypto analyst CobraVanguard has predicted<\/a> a bullish run-up for the FLOKI price. According to CobraVanguard, the Shiba Inu competitor<\/a> is forming one of the most bullish patterns on its chart and that is known as a Falling Wedge pattern. This pattern itself is usually formed during a descending market, making the breakout the most important part.<\/p>\nShiba Inu Competitor Gears Up For Breakout<\/h2>\n