A well-known cryptocurrency analyst, operating under the pseudonym Bluntz, has recently made bold predictions regarding the potential upside for FLOKI, a competitor to Dogecoin and Shiba Inu. With a substantial following of 307,800 followers on the social media platform X, Bluntz has forecasted a significant surge in FLOKI’s value, estimating a potential increase of at least 114% from its current price.
Bluntz’s analysis is based on chart patterns, particularly noting the formation of an inverse head-and-shoulders pattern on the weekly timeframe for FLOKI. This pattern typically indicates a bullish trend reversal, suggesting that FLOKI may be on the verge of a substantial rally in the near future.
According to Bluntz, FLOKI has been undergoing accumulation for nearly a year and is in the process of forming a high-time frame right shoulder. This accumulation phase, combined with the technical pattern observed, leads Bluntz to believe that FLOKI is poised to achieve fresh all-time highs within the next few months.
As of the time of writing, FLOKI is trading at $0.000161, a notable decline from its peak of $0.000345 recorded in June 2024. Despite this dip, Bluntz remains optimistic about FLOKI’s potential for growth.
In addition to FLOKI, Bluntz has also shared insights on another altcoin, Sui (SUI). Bluntz expressed confidence in SUI’s strength, even in the midst of the current market correction. He highlighted the consistent strength displayed in SUI’s daily chart, noting its resilience and tendency to establish new all-time highs with minimal marketwide strength.
SUI is currently priced at $4.60, experiencing a slight drop from its recent peak of approximately $5.35 earlier this month. Bluntz anticipates further upside potential for SUI in the near future, emphasizing the coin’s ability to outperform in a challenging market environment.
For cryptocurrency enthusiasts seeking to stay informed and ahead of market trends, Bluntz’s analyses and predictions offer valuable insights. By closely monitoring the developments in FLOKI and SUI, investors can position themselves strategically to capitalize on potential opportunities in the evolving cryptocurrency landscape.
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