Floki Inu (FLOKI) Chart Signals Potential 30X Move—Here's the Outlook

Floki Inu's (FLOKI) chart shows potential for a 30X surge. An analysis by @CryptoELlTES highlights a cup and handle formation, a widely recognized bullish continuation pattern.

Technical analysis of Floki Inu (FLOKI) suggests a potential 30X surge. A cup and handle formation on FLOKI’s price chart indicates a breakout in the coming weeks. Key resistance and Fibonacci extension levels present critical targets for the token’s price.

A recent analysis by @CryptoELlTES highlights a bullish cup and handle pattern on FLOKI’s price chart. This formation typically consists of a rounded bottom (cup) followed by a consolidation phase (handle) before a breakout. According to the analysis, FLOKI has already completed the cup, with its peak at approximately $0.00037126. The handle is forming near the 0.786 Fibonacci level ($0.000141229), signaling a potential breakout if the price surpasses the critical resistance level.

Floki / USDT Analysis🎯 Targets:

1️⃣ $0.00037126

2️⃣ $0.00116900

3️⃣ $0.00524350

Current Position:

Floki holds its place in my bull market portfolio with an approximate 5X potential—and I expect it to go much higher! Stay focused, and let’s aim for the top together. 💪

$FLOKI… pic.twitter.com/NFvKHXjAPO

The chart outlines essential price targets derived from Fibonacci extensions. The main breakout level is set at $0.00037126. This level is a crucial resistance that FLOKI needs to surpass to validate a bullish continuation.

Additionally, the mid-term goal is set at $0.00116900, corresponding to the 1.272 Fibonacci extension, whereas the extended goal of $0.00524350 indicates the 1.618 Fibonacci level, implying considerable upward potential.

On the support side, FLOKI has several key levels to monitor. The 0.618 Fibonacci retracement at $0.000068057 serves as strong support, with the 0.5 Fib level at $0.00004755 acting as medium support.

Additional supports include the 0.382 Fibonacci level at $0.000024405 and the 0.236 level at $0.000012940, which could act as the last line of defense in case of a deeper correction. At publication, FLOKI trades above these levels at about $0.0000986.

FLOKI remains part of @CryptoELlTES’ bull market portfolio, reflecting confidence in its long-term upside. The analyst emphasizes that FLOKI holds an approximate 5X potential at current levels, with the expectation of further gains.

The broader market’s sentiment, particularly Bitcoin’s performance, could impact FLOKI’s trajectory. A confirmed breakout above $0.00037126 with strong volume could drive a rally toward the projected Fibonacci targets.