As price holds $0.00016, pundit predicts FLOKI bounce, target
Bitcoin is leading the crypto market slump, which has hurt FLOKI. FLOKI has fallen more than half of its all-time high, returning to April levels. The meme coin's price may turn around soon, according to a crypto commentator.
FLOKI Price Is Critical.
Crypto researcher Cryptorphic believes the FLOKI price's ability to retain a key support level bodes well for it. After the price fall, meme coin has held $0.000155 as support. This makes it a probable price rally rebound.
Since 2024, FLOKI has had a bullish year, according to the crypto expert. Each of its two main bullish leg ups in March and May 2024 ended in a new all-time high.
FLOKI rose 162.82% after breaking a consolidation pattern in the first bullish leg. After this hiatus, the price reached a new high of $0.0001851 in March 2024. Still, the meme coin survived.
After a March downturn, FLOKI climbed 154.55% to another peak in May 2024. This second leg-up peaks at $0.00019760 after bullish confirmation. These support a third leg higher, which the analyst predicts might push it to new highs.
Cryptorphic uses market bullishness to predict a rise. This leads the crypto expert to assume that FLOKI might quadruple in price soon.
The analyst targets 117.71%, following the falling average from the past two significant leg-ups. If this occurs, the price might reach $0.00032, close to its June 5 record high of $0.0003462.
As with any study, the expected surge might fail. In this situation, the crypto expert warns that a fall and closure below $0.000155 might hurt the meme currency.
After a 44% drop in a month, FLOKI stands at $0.00016. Meme coin trade volume is up 15% in the past day, signaling a revival of interest.
