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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Floki Inu Moment Of Glory: Analysts Forecast Explosive 200% Rally

Christian Encila
Christian Encila
1 year ago
3 mins read
Floki Inu

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Inspired by Elon Musk’s Shiba Inu pooch, the meme coin Floki Inu (FLOKI) is roaring. Analysts project a possible price spike of 120% to a mind-boggling 200% in the next months. This occurs during FLOKI’s outstanding performance, which challenges a slow general market.

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Floki Inu Soars Against The Tide

Although the market for cryptocurrencies has lately shown volatility, FLOKI has been following its own direction. The meme coin has surged by 40% over the past month, proving resilience and bucking general market mood. The last 24 hours saw this positive run continue as FLOKI saw an additional 18% price increase.

Technicals Flash Green: Bullish Pennant Hints At Breakout

Technical indicators of adding gasoline to the flames include On FLOKI’s charts, keen-eyed observers have seen a bullish pennant form—a technical pattern sometimes preceding a major price breakout. Usually following a period of consolidation, this pattern suggests a possible price increase once the pennant breaks.

Analysts In Chorus: FLOKI Primed For Liftoff

Several analysts have come up to support FLOKI’s positive future. Respected cryptocurrency analyst Captain Faibik has painstakingly gone over FLOKI’s charts and found daily timeframe bullish pennant formation. Forecasting gains of roughly 180-200%, Faibik sees a strong bullish surge in the medium future.

$FLOKI is Breaking out of Bullish Pennant on the Daily timeframe Chart..!!

Looks Extremely Bullish for the Midterm, Expecting +180-200% Bullish Rally.. 📈🚀#Crypto #FLOKİ #FLOKIUSDT pic.twitter.com/2Fgxq05Oq8

— Captain Faibik (@CryptoFaibik) May 14, 2024

Another researcher going by the name World of Charts shares Faibik’s view. Though on the 12-hour chart, they too have had a positive breakout from a pennant pattern.

$Floki

Breaking Bullish Pennant In 12H Timeframe Incase Of Successful Breakout Expecting 120-130% Bullish Wave#Crypto #Floki pic.twitter.com/FtrphajtEY

— World Of Charts (@WorldOfCharts1) May 13, 2024

After a good breakout, World of Charts projects a significant uptrend and gains between 120–130%. This similarity in study among several specialists highlights the rising faith in FLOKI’s ability for notable upside.

FLOKI is currently trading at $0.00021. Chart: TradingView

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FLOKI’s Future: A Meme Coin With Momentum?

Investors have definitely taken notice of FLOKI’s recent performance and the support of eminent analysts. The next weeks will be interesting to see whether FLOKI can turn this buzz into a continuous price rise.

Featured image from Beautifulbeasts.com, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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