Bluntz Sees 200% Surge in FLOKI Amidst Bearish Market Conditions
Renowned Bitcoin analyst Bluntz has turned his attention to FLOKI and predicts significant gains for this Shiba Inu competitor.
FLOKI has drawn attention after nearly doubling in May, but Bluntz believes it's just the beginning. He shared his bullish outlook on X, comparing FLOKI's price movement to PEPE, another meme coin that performed exceptionally well recently.
The analyst notes that FLOKI's chart shows higher lows and highs, a bullish sign that suggests more upward movement. Bluntz predicts a 100% increase in FLOKI's price, potentially reaching $0.00075. Currently trading at $0.000246, this would represent a nearly 200% surge.
However, FLOKI faces resistance levels that could slow its rise. The prediction comes despite current bearish pressure, with Bitcoin's price dip affecting FLOKI. Bluntz gained credibility by accurately calling Bitcoin's 2018 bottom, making his FLOKI prediction noteworthy.