Crypto analyst Bluntz predicts significant gains for FLOKI (CRYPTO:FLOKI), a competitor to Shiba Inu (CRYPTO:SHIB), despite recent setbacks in its price.
Bluntz draws parallels between FLOKI and PEPE (CRYPTO:PEPE), another Ethereum-based (CRYPTO:ETH) meme currency, suggesting FLOKI's pricing pattern resembles PEPE's recent surge.
Anticipating a breakout, Bluntz highlights FLOKI's formation of higher lows and higher highs, indicating an optimistic trend based on historical data.
While FLOKI faces resistance points, Bluntz forecasts a potential rise of over 100%, valuing the meme currency at $0.00075, more than 200% higher than its current price.
Despite recent market pressures, including Bitcoin's decline, Bluntz's accurate track record in the crypto industry since 2018 lends credibility to his bullish outlook on FLOKI.