Analysis of FLOKI and SHIB Coins

Six years ago in 2018, a market analyst who accurately predicted Bitcoin's market bottom and is closely followed by investors shared insights on the 48th largest cryptocurrency by market capitalization.

FLOKI Coin Analysis

Bluntz, a respected analyst, conveyed observations to a substantial audience regarding FLOKI's market movements. Notably, Bluntz identified an ascending staircase pattern on the daily chart of FLOKI. In technical analysis, a staircase pattern characterized by consecutive high and low candles typically signals an uptrend. Conversely, a pattern featuring low dips and low peaks usually indicates a downtrend, aiding in market analysis and decision-making.

As per Bluntz's projections, FLOKI is anticipated to surge by more than 162% from its current price, reaching $0.00075. Presently, FLOKI is traded at $0.0002512, reflecting a decline of over 6% in the past 24 hours. Bluntz drew parallels between FLOKI's potential price movements and PEPE, the third-largest memecoin following DOGE and SHIB, hinting at a potential bullish run resembling PEPE's recent consecutive all-time highs.

Shiba Inu Market Outlook

In addition to FLOKI, Bluntz provided insights on SHIB, the second-largest meme coin by volume. Noting an upward trend in Shiba Inu, Bluntz highlighted the increased community interest in SHIB.

At the time of writing, SHIB is valued at $0.00002588, witnessing a 5.84% decline in the last 24 hours. Despite the decrease, SHIB's market capitalization stands at $15.2 billion, maintaining its position as the 11th largest cryptocurrency on Coinmarketcap.

This comprehensive analysis sheds light on potential market movements for FLOKI and SHIB coins, outlining the evolving dynamics of the cryptocurrency landscape.