Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves<\/a> within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.<\/p>\n But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?<\/p>\n CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge<\/a> in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.<\/p>\n $FLOKI<\/a> \ud83d\udd25\ud83d\ude80<\/p>\n Update:(Formation of a Bullish Falling Wedge pattern is done )\u2705 \u2014 CryptoAnalystHub (@Analysts_Hub) August 27, 2024<\/a><\/p><\/blockquote>\n In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.<\/p>\n The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.<\/p>\n According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki<\/a> is at the cusp of a major bullish phase.<\/p>\n However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.<\/p>\n These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.<\/p>\n Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.<\/p>\n He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.<\/p>\n Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI<\/a> (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing!<\/p>\n With a break above this target,\u2026 https:\/\/t.co\/w3iDJDPeZU<\/a> pic.twitter.com\/SSr3iaLB5F<\/a><\/p>\nOn Falling Wedges And Potential Breakouts<\/strong><\/h2>\n
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\nBreakout is also happens, Expected move for short term buyers is 90-100% soon\ud83d\udcb0\ud83c\udfaf#FLOKI<\/a> #FLOKIUSDT<\/a> #FLOKIBTC<\/a> #SIGNALS<\/a> #ALTSEASON<\/a> #ALTCOINS<\/a> #USDT<\/a>$DOGS<\/a> $REI<\/a> $NULS<\/a> $PDA<\/a> $PHA<\/a> $VIDT<\/a> $HARD<\/a> $DCR<\/a> $FLUX<\/a>\u2026 pic.twitter.com\/ELtuhsTnks<\/a><\/p>\n![\"\"](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_f91304.png?resize=1024%2C471\")
<\/p>\nKeeping An Eye On Floki<\/strong><\/h2>\n
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