An analyst and trader who accurately predicted the bottom of Bitcoin in 2018 is now expressing optimism about the 48th-largest cryptocurrency, FLOKI. Going by the pseudonym Bluntz, the analyst informs his large following on the social media platform X that FLOKI is displaying an upward stair-step pattern on the daily chart, indicating a bullish trend. Bluntz believes that FLOKI will soon achieve “escape velocity.” This pattern, characterized by higher highs and higher lows, is typically seen as a positive sign in technical analysis. By analyzing Bluntz’s chart, it appears that FLOKI has the potential to reach a price of $0.00075, which is approximately 162% higher than its current price. FLOKI is currently trading at $0.000286.

Bluntz also draws attention to the similarities between FLOKI’s price action and that of Pepe, another memecoin. Just before Pepe hit a new all-time high, its price action resembled what FLOKI is currently experiencing. Bluntz states that he is getting vibes of a pre-PEPE all-time high from FLOKI and believes that its chart is looking very promising.

In addition to FLOKI, Bluntz also expresses bullish sentiment towards Shiba Inu, the second-largest memecoin. He notes that people have a fondness for dogs and frogs, which may contribute to the popularity of these cryptocurrencies.

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