Master Kenobi, a crypto analyst, has claimed that the FLOKI price is on the brink of a significant breakout, which could propel it to $0.00080.
Master Kenobi, a crypto analyst, has expressed optimism regarding the FLOKI price. The analyst anticipates that the top meme coin is on the brink of a significant breakout, which could result in an 11x price increase.
The price of FLOKI is on the brink of a significant breakout
In an X post, Master Kenobi expressed his belief that the FLOKI price is on the brink of a significant breakout. He explained that a repetitive structure is forming for the third consecutive cycle, suggesting that the price is approaching.
The analyst’s accompanying chart indicated that the top meme coin could experience an 11x price increase and a rally above $0.00080 when this breakout occurs. Master Kenobi observed that this price pump has a lifespan of approximately 35 days.
In the interim, the crypto analyst stated that the anticipated price increase is approximately two weeks away, using a 112-day measurement as a reference point. Master Kenobi also reiterated that FLOKI should experience a minimum of a 10 to 11x increase in value when this rally finally transpires.
Master Kenobi suggested that the FLOKI price pump could occur in early February if it does not commence within the next two weeks, as indicated by the 140-day scenario he emphasized on the chart.
The crypto analyst also noted that the Relative Strength Index (RSI) confirms the breakout pattern on a macro scale, further strengthening the confidence in this potential scenario.
FLOKI’s market cap is unlikely to be reached during this rally to $0.0008, as the crypto analyst had anticipated that the meme coin could eliminate an additional zero from its price. Master Kenobi had previously forecast that the meme coin would reach $0.0023 by March of the following year.
The fundamentals warrant a price increase
Floki’s fundamentals also support the top meme coin’s price surge. The team announced the University of Floki’s launch in an X post, which suggests a positive outlook for the FLOKI price.
In an announcement, Floki stated that the crypto education platform is designed to address the knowledge gap for the next generation of crypto users by democratizing blockchain and web3 technology.
The University of Floki will accommodate crypto novices and experts seeking to expand their expertise. The education platform provides expert-led courses in various critical areas, such as DeFi, Security, Finance, Blockchain, Smart Contracts, and NFTs.
This initiative is anticipated to increase awareness of the Floki ecosystem and may ultimately contribute to the impending FLOKI price breakout.
