🔴FLOKI, a Shiba Inu Competitor, Poised for Explosive Growth, Says Analyst🔴

**FLOKI, the Shiba Inu competitor, is making headlines again following a significant prediction by a prominent crypto analyst who gained fame by accurately calling Bitcoin’s bottom in 2018. The meme currency, which saw a 50% rise in May, is now experiencing a pullback.*♥️*

**Potential for a FLOKI Breakout**

On Tuesday, crypto analyst Blunts shared insights on FLOKI’s prospects on X (formerly Twitter). He compared FLOKI to PEPE, another Ethereum-based meme currency that outperformed major cryptocurrencies in May. Blunts noted similarities in their pricing patterns and expects FLOKI to follow a similar trajectory.🔥

In a follow-up post, Blunts reiterated his bullish outlook on FLOKI, pointing out that the currency is forming higher lows and higher highs—a historically optimistic indicator. While he anticipates a significant rise, he also mentioned multiple resistance points that could challenge its ascent. He suggests that a 1-2 daily chart pattern indicates continued progress for FLOKI.🦊

Blunts predicts that FLOKI could surge by over 100%, setting a target price of $0.00075, which would be more than a 200% increase from its current value.🌊

**Market Dynamics and Resistance**

FLOKI is facing downward pressure due to Bitcoin’s decline below $68,000, which has caused FLOKI’s price to drop from $0.0003 to $0.000246 since May. However, if Blunts' prediction holds, FLOKI could soon rebound.🍭

Blunts' reputation for accurate market forecasts has led many in the market to take his predictions seriously. His notable call of Bitcoin’s bottom in 2018 has added weight to his current projections.🌊

**Meme Coins Performance**

In the broader meme coin market, coins like FLOKI have seen declines alongside other cryptocurrencies. Despite a 16% rally on Wednesday, Shiba Inu has dropped more than 5.2% in the past day, losing half of the gains from the previous day. Dogecoin, another major meme coin, has also struggled. #FLoKI #memecoin #SHIB $FLOKI