Analyst Predicts Incoming Breakout for FLOKI, Sees Dogecoin and Chainlink Gearing Up for Bullish Reversals
An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes two top memecoins are setting the stage for breakout rallies. Pseudonymous analyst Bluntz tells his 316,100 followers on the social media platform X that memecoin Floki (FLOKI) appears to be flashing bullish reversal signals on the daily and four-hour charts. According to Bluntz, FLOKI has printed a bullish divergence on the daily chart, indicating that the crypto asset is seeing a rise in buying momentum. He also says FLOKI is trading within an ascending triangle pattern, a structure typically viewed as a bullish reversal formation. “Very nice ascending triangle structure here on FLOKI after printing the bullish divergence at the lows. Probably needs another day or two to form a bit more but anticipating this to eventually break out.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that FLOKI will rally to $0.000125. At time ...