{"id":648954,"date":"2024-10-20T22:00:09","date_gmt":"2024-10-20T22:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=648954"},"modified":"2024-10-20T12:28:05","modified_gmt":"2024-10-20T12:28:05","slug":"floki-breaks-out-of-downtrend-analyst-predicts-200-rally-to-new-all-time-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/floki-breaks-out-of-downtrend-analyst-predicts-200-rally-to-new-all-time-high\/","title":{"rendered":"FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High"},"content":{"rendered":"

Meme coin FLOKI has also benefited from <\/span>recent inflows into the crypto markets,<\/span><\/a> which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes.\u00a0<\/span><\/p>\n

Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high.<\/span><\/p>\n

Related Reading: TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth<\/a><\/div>\n

FLOKI Ready For 200% Surge Past All-Time High<\/b><\/h2>\n

Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high.\u00a0<\/span><\/p>\n

However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-time high might not hold for long anymore.\u00a0<\/span><\/p>\n

World Of Charts shared his analysis on the social media platform X, posting a daily candlestick chart of the FLOKI \/ TetherUS trading pair. The chart reveals that the meme coin has just broken above the resistance trendline of a bullish pennant flag pattern, which the meme coin has been trading within since hitting its all-time high.<\/span><\/p>\n

FLOKI is currently trading at $0.00015. Chart: TradingView<\/a><\/figcaption><\/figure>\n

In terms of the projected price trajectory, the analyst believes FLOKI is on course for another breakout that could not only exceed the previous all-time high but also push toward a price point just below $0.0005. To reach this point, FLOKI would have to go on a 210% rally from the current price level.<\/span><\/p>\n

\n

$Floki<\/a> #Floki<\/a> Finally Breaking Out Send It Towards New Ath\ud83d\ude80 https:\/\/t.co\/I2sVnrx94X<\/a> pic.twitter.com\/LNsAHKe1Q0<\/a><\/p>\n

\u2014 World Of Charts (@WorldOfCharts1) October 19, 2024<\/a><\/p><\/blockquote>\n

Is A 200% Rally Possible For FLOKI?<\/b><\/h2>\n

At the time of writing, FLOKI is trading at $0.0001554 and is still up by 12% in the past seven days. According to data from on-chain analytics platform Santiment, FLOKI and other meme coins are <\/span>witnessing the highest level of interest<\/span><\/a> and mentions across social media <\/span>platforms in five months<\/span><\/a>. This interesting trend is brought about by <\/span>the new interest in Dogecoin<\/span><\/a>, which has naturally flowed into other meme coins.<\/span><\/p>\n

Given this heightened attention and the bullish technical setup highlighted by analysts, a 200% rally is within the realm of possibility. FLOKI has already shown it can achieve significant gains in a short timeframe, having previously posted an impressive 1,100% increase earlier this year. If the current social buzz and market dynamics continue to favor meme coins, FLOKI could break through its resistance levels and embark on another explosive rally to deliver a 200% increase before the end of the year.\u00a0<\/span><\/p>\n

Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone<\/a><\/div>\n

According to another crypto analyst, FLOKI is<\/span> set for an even bigger 2,100% i<\/span><\/a>ncrease to $0.002.<\/span><\/p>\n

Featured image from Lunu, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes.\u00a0 Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high. Related Reading: TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth FLOKI Ready For 200% Surge Past All-Time High Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high.\u00a0 However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-time high might not hold for long anymore.\u00a0 World Of Charts shared his analysis on the social media platform X, posting a daily candlestick chart of the FLOKI \/ TetherUS trading pair. The chart reveals that the meme coin has just broken above the resistance trendline of a bullish pennant flag pattern, which the meme coin has been trading within since hitting its all-time high. In terms of the projected price trajectory, the analyst believes FLOKI is on course for another breakout that could not only exceed the previous all-time high but also push toward a price point just below $0.0005. To reach this point, FLOKI would have to go on a 210% rally from the current price level. $Floki #Floki Finally Breaking Out Send It Towards New Ath\ud83d\ude80 https:\/\/t.co\/I2sVnrx94X pic.twitter.com\/LNsAHKe1Q0 \u2014 World Of Charts (@WorldOfCharts1) October 19, 2024 Is A 200% Rally Possible For FLOKI? At the time of writing, FLOKI is trading at $0.0001554 and is still up by 12% in the past seven days. According to data from on-chain analytics platform Santiment, FLOKI and other meme coins are witnessing the highest level of interest and mentions across social media platforms in five months. This interesting trend is brought about by the new interest in Dogecoin, which has naturally flowed into other meme coins. Given this heightened attention and the bullish technical setup highlighted by analysts, a 200% rally is within the realm of possibility. FLOKI has already shown it can achieve significant gains in a short timeframe, having previously posted an impressive 1,100% increase earlier this year. If the current social buzz and market dynamics continue to favor meme coins, FLOKI could break through its resistance levels and embark on another explosive rally to deliver a 200% increase before the end of the year.\u00a0 Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone According to another crypto analyst, FLOKI is set for an even bigger 2,100% increase to $0.002. Featured image from Lunu, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":648975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,85497,84818],"class_list":["post-648954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-floki","tag-floki-inu"],"acf":[],"yoast_head":"\nFLOKI Breaks Out Of Downtrend: Analyst Predicts New ATH<\/title>\n<meta name=\"description\" content=\"Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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