Crypto analyst Master Kenobi has made a bold prediction for FLOKI, the popular meme coin, stating that the asset is on the verge of a “massive breakout.” According to the analyst, the price of FLOKI could surge by as much as 11 times once the breakout occurs, based on a recurring market pattern.
FLOKI on the Brink of a Major Price Surge
In a recent post on X (formerly Twitter), Master Kenobi shared his bullish outlook for FLOKI, highlighting a potential 11x price increase. The analyst pointed out that a repetitive price structure is emerging, similar to the previous cycles, indicating a significant rally could be imminent.
Kenobi’s analysis is supported by a chart showing a consistent price pattern over multiple cycles. The chart reveals that FLOKI has historically experienced 35-day pump cycles (marked by red rectangles on the chart), with each cycle seeing significant upward movement.
Price Targets and Timing
The analyst suggests that FLOKI could see a price increase of 10-11x from its current price, which stands at $0.0001824. He notes that the pumps typically last for around 35 days, with the current cycle expected to trigger in about two weeks.
Looking ahead, Master Kenobi also points out that if the current pattern follows the 140-day scenario (marked by an orange rectangle), the price pump could be set to begin as early as February 2024.
RSI Confirms the Pattern
On a macro scale, the Relative Strength Index (RSI) also appears to confirm the potential breakout, providing further confidence to the bullish outlook. The RSI is a momentum indicator that suggests FLOKI is building up energy for a potential price surge.
As of now, FLOKI is trading at $0.0001824, showing a 9.44% gain in the past 24 hours. With the analyst’s prediction of an 11x surge, many investors will be closely watching FLOKI’s price action in the coming weeks, especially as the key breakout moment approaches.
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