Crypto analyst Grasp Kenobi has offered a grasp plan, suggesting that Floki (FLOKI), a dog-themed meme coin, is getting ready to an enormous breakout. Whereas Dogecoin (DOGE) and Shiba Inu (SHIB) have skilled notable worth surges previously, Floki is projected to skyrocket by at the least 1,100% in Q1 2025.
Floki Set For 1,100% Pump In Q1 2025
In a current X (previously Twitter) post, Grasp Kenobi expressed optimism about Floki’s future price prospects. He primarily based his forecasts on historic worth cycles, which seem to comply with a predictable sample each 12 months.
The analyst shared a chart exhibiting that Floki has exhibited recurrent bull patterns roughly one 12 months aside. Throughout annually, a big worth pump started after a interval of consolidation, marked by the crimson arrows and purple rectangles on the chart.
Kenobi highlighted that in the course of the 2021 worth pump, Floki surged 92X after present process a consolidation interval of about 112 days. Following this pump, the meme coin skilled a massive decline of about 98.5% earlier than stabilizing barely and beginning one other spherical of consolidation.
Over the previous few years, the price of Floki has surged considerably, experiencing a bullish pattern much like that of its 2021 pump. The chart’s information reveals that the meme coin rose 11X in 2022 and 22X in late 2024.
Based mostly on this recurring bullish pattern, Kenobi suggests Floki is approaching a breakout zone the place its price could skyrocket to new highs this cycle. The analyst tasks a minimal 10X to 11X pump for Floki by Q1 2025.
The yellow rectangles on the chart point out a essential timeframe earlier than a significant breakout, with a big worth soar typically occurring after 112 or 140 days of consolidation. If previous traits maintain, Kenobi predicts Floki may see a breakout after two weeks if it consolidates for 112 days or in early February if it stabilizes for 140 days.
Wanting on the chart’s evaluation, every cycle Floki recorded an enormous worth pump, with an upward motion lasting about 35 days. Following the recurrent historic traits, an analogous timeframe is anticipated for Kenobi’s projected 1,100% price breakout for Floki.
In line with CoinMarketCap, the value of Floki is presently buying and selling at $0.000169, reflecting a 25.4% crash over the previous week. Regardless of this downtrend, if Floki can surge by 1,100%, it will propel its worth to $0.00185, marking a new all-time high.
Macro Indicators And RSI
Along with historic information, Kenobi has revealed that macro indicators like Floki’s Relative Strength Index (RSI) add credibility to his 1,100% worth forecast for Floki. Traditionally, when the RSI reached comparable ranges after every consolidation part, Floki adopted up with an explosive price action.
This consistency between previous traits, technical indicators, and Floki’s price behavior additional strengthens the analyst’s confidence in his bullish prediction of an 11X surge by Q1 2025.
Featured picture created with Dall.E, chart from Tradingview.com