Crypto analyst Master Kenobi identified two crucial levels to monitor before the FLOKI price reaches a new all-time high (ATH).
Before the FLOKI price reaches a new all-time high (ATH), crypto analyst Master Kenobi has identified two levels that require attention.
The analyst also disclosed the timeline for the top meme coin to achieve these price targets.
Two Levels Should Be Observed Before FLOKI Price Reaches Its All-Time High
Master Kenobi disclosed in an X post that $0.00021 and $0.00028 are two levels to monitor before the FLOKI price reaches its present ATH of $0.00035 and enters price discovery.
He also stated that he is of the opinion that the best meme coin will reach these price levels this month.
FLOKI’s potential for a rally to a new ATH was illustrated by the analyst’s accompanying chart, which indicated that it could reach as high as $0.0011.
A rally to this price level would result in a gain of approximately 478% for the meme coin.
Additionally, Master Kenobi recently expressed optimism regarding the FLOKI price.
The crypto analyst stated that the cryptocurrency was on the brink of a significant surge, which could potentially propel its price to approximately $0.00080.
The meme coin was on the brink of a price breakout, as he reiterated in a recent X post.
Master Kenobi proposed that FLOKI could shortly emerge from the two-week rectangle.
More Positive Outlook For Leading Meme Coin
Other crypto analysts have expressed optimism regarding the FLOKI price. World Of Charts is one of them.
The crypto analyst observed in an X post that the meme coin has experienced a twofold increase in price since its most recent breakout.
Additionally, he stated that FLOKI is currently rebounding back from the horizontal support area and is on the verge of approaching the bullish flag trendline.
World Of Charts anticipated that the meme coin would experience an additional twofold price increase shortly, which is consistent with this.
Poseidon, a crypto analyst, observed that the FLOKI price has experienced 300 days of consolidation.
He observed that the consolidation phase would conclude with an upward expansion.
Additionally, FLOKI maintains an optimistic outlook from a fundamental standpoint.
According to CoinGape, the meme coin’s ETP may be operational during the first quarter of this year.
This fund has the potential to stimulate future price increases by attracting institutional investment into the coin’s ecosystem.
