Analyst says FLOKI could double and SUI reach maximum

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Analyst says FLOKI could double and SUI reach maximum
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Analyst says FLOKI could double and SUI reach maximum
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A popular cryptocurrency analyst made bullish predictions for FLOKI token and altcoin SUI. He believes that the FLOKI token could appreciate more than 100% in the coming days due to a favorable technical pattern.

Regarding SUI, which has gained 556% in one year, he said the token demonstrates continued strength and potential to reach new all-time highs.

Bluntz shared his bullish predictions about two tokens with his over 300,000 followers on X. THE Analysis of FLOKI and SUI chart patterns indicatesfor the analyst, that both are about to jump.

The FLOKI memecoin, inspired by the Norse god Floki, had gains of 488% in just one year. The coin aims to “challenge” the reign of Dogecoin and Shiba Inu memecoins. Now, it’s about to explode in price from its current trading level which is $0.000161.

$FLOKI in ‘suspicious’ movement

The analyst highlights that the token appears to have almost completed a technical pattern known as “inverted head and shoulders” on the weekly chart. THE pattern is often interpreted as a sign that an asset may be about to appreciate in valueespecially after the formation of a bullish setup.

For the analyst’s hypothesis to come true, the token will need an increase of 104.97% to reach the milestone US$0.00033, surpassing the historic high of US$0.00032, in June 2024.

The analyst also commented on the layer-one altcoin Sui, stating that the token is showing strong despite the current market correction. With gains of 556% in one year, the native token of the Sui ecosystem has excellent support and continues to accumulate highs.

Bluntz highlighted that analysis of the SUI daily chart shows perennial strength. According to him, this consistency of the altcoin is impressive, as it tends to fall less compared to other assets.

In fact, since its launch in May 2023, the token has seen very few drops. Because of this strength, Bluntz stated that SUI has great potential to reach new all-time highs.

Currently, the SUI is trading at US$5.20, close to the all-time high of US$5.35 reached at the beginning of the year. Furthermore, SUI is one of the few cryptocurrencies that has all green markers. The red wave that has hit most cryptocurrencies in recent days has gained notable consideration.

Analyst says FLOKI could double and SUI reach maximum

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Analyst says FLOKI could double and SUI reach maximum

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Analyst says FLOKI could double and SUI reach maximum

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