Crypto analyst Investing Haven has given a bullish outlook for FLOKI, predicting that the meme coin could register a 200% increase. The analyst also revealed what must happen before FLOKI can register such a parabolic price rise.
FLOKI price increases by 200% if this happens
In one X postsInvesting Haven predicted that FLOKI price could rise to its 2025 bullish target of $0.0005. However, he pointed out that holding the critical support at $0.000122 early this year is key to maintaining bullish momentum and aiming for a breakout to this new all-time high (ATH).
The analyst argued that a bounce from this support level could propel forward top meme coins towards this 2025 target of $0.0005. So far, FLOKI has stayed well above this crucial support level, which is undoubtedly a huge positive, especially given the bearish sentiment in the broader crypto market.
With the FLOKI price holding comfortably above this support level, Investing Haven suggested that this could be the perfect “buy the dip” opportunity.
A recent CoinGape report also noted how Bitcoin SUP suggested that the recent downtrend in the market is the perfect opportunity to accumulate more coins.
A 5X price increase is a possibility
Crypto analyst CryptoElites has predicted that FLOKI price may witness a 5x increase from its current level. That means the meme coin can reach as high as $0.00088.
CryptoElites seemed confident that FLOKI could record such a rally, noting that the technical setup is entirely positive. The $0.00088 price target is a level that Investing Haven also believes the meme coin could reach this year.
Cryptoanalyst Master Kenobi also believes that a FLOKI price rally could be imminent. He noted that FLOKI could be at the stage where it could witness volatility ahead of a significant pump.
His accompanying chart showed that a 10x price increase was possible, with the top meme coin rallying to as high as $0.0011. The analyst had earlier marked $0.00021 and $0.00028 as two price levels to look at before FLOKI hits ATH.
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