Floki has recently emerged as one of the most prominent projects among meme coins. With a significant community and strong technology, Floki holds great potential. Below is a chart where I have outlined my technical targets for FLOKI. While the upward trend of meme projects may decrease in the short term, I expect these projects to be among the top performers in the cryptocurrency market in the medium to long term.
When we examine the chart, we see that the resistance area marked by the red line needs to be broken and turned into a support area. Then, FLOKI, which forms a horizontal upward channel, needs to surpass this channel and aim for the peak it reached in March. It's important to remember that meme projects, in addition to having high potential, also carry high risk, and investments should be made accordingly.
FLOKI and PEPE have recently surpassed other significant meme projects like DOGE, SHIB, and WIF, stepping ahead in prominence.
