Expert Predicts Floki Token’s Surge Towards New Heights – BitRss

A cryptocurrency market expert has indicated that the meme token Floki (FLOKI) is poised for a rally towards new all-time highs. The pseudonymous analyst Bluntz shared with his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart.

Analysis Methodology

Bluntz employs the Elliott Wave Theory, which suggests that an asset in an upward trend tends to initiate a five-wave movement after completing an ABC correction. This theoretical framework serves as a basis for forecasting potential price movements.

Future Prospects for FLOKI

The analyst noted that FLOKI has shown an ABC correction from the highs in November and is beginning a fresh upward movement. He stated that reaching a new all-time high is inevitable before the end of the cycle.

“FLOKI is, in my opinion, another major meme and turbo in an upward trend. An ATH is unavoidable before the end of the cycle.” – Bluntz

Impact of the US Dollar Index (DXY)

Bluntz continues to monitor the US Dollar Index (DXY), which …