FLOKI Set to Take Off- Anticipating Significant Gains

FLOKI is currently exchanging hands at $0.0001372, up by 1.54% in the last 24 hours at the time of writing this article. It further reflects a surge of around 10.72% in the last 30 days; however, the value of FLOKI tokens has come down by 2.75% in the last 7 days. The trading volume has dipped by 22.97%. Near-term predictions are optimistic – showing surges in the next 5 and 30 days.

The next 5 days could see FLOKI rise by 30.85% from its current value, and the next 30 days could see the token soar by 233.01% from its current value. The monthly rise will take it to $0.00046 amid the volatility of 9.84%.

The number aligns with the 50-day SMA, demonstrating that the ongoing figure is on the border of experiencing uptrends and downtrends. Sentiments are largely neutral, as evident from the FGI of 49 points.

One speculation is that FLOKI will soon make a breakthrough. The only condition is that it must cross the 23.6% Fib Level. The weekly time frame chart holds the key after monthly numbers favor a dramatic shift. Jelle, a crypto analyst on X, highlighted that the observed pattern is that of high lows and higher highs, confirming a bullish market structure.

It was marked from the middle of August until the end of September.

Source: TradingView

One can simultaneously see a specific range coming into the picture as it forms a rightward triangle. It pretty much goes to the middle of November, when numbers can rightly conclude their stand for a bull. The Federal Reserve slashed rates two more times, and it is only obvious that tokens like FLOKI will reflect those revisions.

A key support level is at $0.00001300 USDT. The price previously rebounded after hitting that zone, and it has been tested several times.

Two targets have been set for FLOKI—0.00001500 USDT and 0.00001700 USDT. The latter aligns with a resistance zone marked in early July. All eyes are now on the fourth quarter when the token could shift to a new rally.

Speculations come after Floki’s Valhalla announced its partnership with Alliance, an eSports giant. The objective is to bring a broader range of audience to the ecosystem, which ultimately benefits the Web3 world while enabling players to earn as they engage with their favorite gaming titles. Valhalla would leverage Alliance’s extensive network and showcase blockchain technology’s power.

FLOKI is also one of the most preferred altcoins to consider in October, with the expectation that it will rise to a new high or fetch better profits to holders. Others on the list are SOL and CUTO. FLOKI could next rise by 20% after it breaks out of the descending trendline.