Analyst Says FLOKI Looks ‘Turbo Bullish,’ Predicts ‘Inevitable’ New All-Time Highs for the Major Memecoin
A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart. Bluntz uses the Elliott Wave theory, which states that a bullish asset tends to ignite a five-wave upside move after completing an ABC retracement. “FLOKI is another major meme looking turbo bullish in my opinion and heading to ATHs. Price action from the November highs looking like another high timeframe ABC with a fresh impulse looking underway, ATH before the end of the cycle is inevitable in my opinion.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that FLOKI will surge close to $0.0004 by March. At time of writing, FLOKI is worth $0.0002. The analyst is also watching the US dollar index (DXY), which traders use as a barometer fo...