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- Floki Inu is on the verge of a massive breakout, potentially leading to a 200% surge.
- Floki Inu’s resilience amid the market downturn fuels optimism for a significant year-end price surge.
According to a popular analyst on X, Floki Inu, a dog-based meme token, has recently received a lot of attention in the cryptocurrency market, setting it for a large jump.
The token, which has been gaining popularity, has seen a rise in interest as a result of its participation in the Simon’s Cat token airdrop on Binance, according to a prior CNF report. This event has driven FLOKI to new heights in the last week, demonstrating the tremendous momentum behind it.
Analyst Predicts 200% Surge for Floki Inu in Potential Breakout
World of Charts, a well-known analyst, recently expressed his thoughts on the likely trajectory of Floki Inu. According to his analysis, FLOKI is poised for a major breakout.
He believes that if the token successfully breaks out, it will set off a bullish wave that might increase its value by up to 200% in the next few days.
$Floki#Floki On Verge Of Massive Breakout Incase Of Successful Breakout Expecting 200% Bullish Wave In Coming Days pic.twitter.com/eHGwqnOsBl
— World Of Charts (@WorldOfCharts1) August 26, 2024
Such a spike is likely to propel FLOKI to a new all-time high (ATH), a move that has piqued the interest of many in the crypto industry.
However, for this hopeful scenario to play out, the price of FLOKI must first break through the top border of the triangle pattern depicted in the analyst’s chart. The market is closely monitoring to see if this breakout happens, since it might signal the start of a strong rally for the meme token.
As of this writing, Floki Inu is trading at about $0,0001529, representing a 28.84% growth over the last seven days. The token’s market cap is currently about $1.46 billion, showing its expanding prominence in the meme token sector.
Despite the difficult circumstances, he has indicated his decision to keep Floki Inu rather than sell it, citing the expectation of a big price increase before the end of the year.