FLOKI’s price could surge by 24% if it replicates Pepe [PEPE]’s recent move. The memecoin has been forming a bullish flag pattern with Pepe since November, sparking hopes of a breakout.
FLOKI recently broke through the H2 2024 roadblock at $0.0002, retesting it as support. This level has become crucial for bulls, offering a potential springboard for FLOKI’s breakout. If FLOKI surpasses the 78.6% Fibonacci level ($0.00027), it could reach its 2024 highs of $0.00035.
However, a short-term breach below the channel pattern would invalidate the bullish outlook and push FLOKI to $0.00014. Whales’ strong demand is another key factor in FLOKI’s potential rally. Over the weekend, whale wallets holding over 1B FLOKI tokens increased their positions by 1.9 billion tokens.
If FLOKI follows Pepe’s pattern, a +20% gain could be expected. Nevertheless, a breach below $0.00020 would undermine this bullish outlook. The technical chart indicators suggest strong price momentum and capital inflows, making the bullish projection more likely than the bearish scenario.
Source: https://ambcrypto.com/floki-price-prediction-will-the-memecoin-follow-pepe-to-new-aths