Benzinga - A pseudonymous cryptocurrency analyst Crypto Tony, identified crucial levels for the meme coin Floki (CRYPTO: FLOKI) on Thursday.
What Happened: The technical analysis put forward by Crypto Tony indicates that a breakout above the price point of $0.000060 could usher in substantial gains for FLOKI.
In a tweet, the analyst said, “Once we break that high it really is moon time legends. Doge season is kicking off and we have $FLOKI / $DOGE at the forefront of it.”
This comes as FLOKI, the meme cryptocurrency, has been added to cryptocurrency exchange CoinW’s perpetual futures listings on Thursday.
$FLOKI / @RealFlokiInu – UpdateOnce we break that high it really is moon time legends. Doge season is kicking off and we have $FLOKI / $DOGE at the forefront of it pic.twitter.com/wlLJT9KRGI
— Crypto Tony (@CryptoTony__) December 21, 2023
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Why It Matters: FLOKI saw a 334% increase year-to-date in 2023. At the time of writing, FLOKI was trading at $0.000035.
Just last week, another pseudonymous analyst Kaleo hinted at a potential for a 40% surge in FLOKI’s value. “As we start to see a bit more action across DOGE and meme coins, I wouldn't sleep on $FLOKI,” the analyst wrote on X.
As we start to see a bit more action across DOGE and meme coins, I wouldn't sleep on $FLOKI.The retrace after last night's retest reminds me of what we saw when BONK retested its ATH a couple of weeks. There was a brief pullback / accumulation period before a move to price… pic.twitter.com/zFCn0mR8H4
— K A L E O (@CryptoKaleo) December 6, 2023
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