Crypto analyst Master Kenobi has presented a master plan that suggests this Floki (FLOKI)a dog-themed meme coin is on the verge of a massive breakthrough. While Dogecoin (DOGE) and Shiba Inu (SHIB) have seen notable price increases in the past, Floki is expected to rise by at least 1,100% in the first quarter of 2025.
Floki aims to pump 1,100% in the first quarter of 2025
In a current X (formerly Twitter) postMaster Kenobi was optimistic Floki’s future price prospects. He based his predictions on historical price cycles, which seem to follow a predictable pattern every 365 days.
The analyst shared a chart showing that Floki exhibited recurring bull patterns about a year apart. Each year, after a period of consolidation, a significant price increase began, indicated by the red arrows and purple rectangles in the chart.
Kenobi highlighted that Floki rose 92x during the 2021 price surge after going through a consolidation period of about 112 days. After this surge, the meme coin experienced one massive decline of around 98.5% before stabilizing slightly and starting another round of consolidation.
In recent years the Price of Floki has risen significantly and is experiencing a similar uptrend to its pump in 2021. The data on the chart shows that the meme coin rose 11x in 2022 and 22x at the end of 2024.
Based on this recurring uptrend, Kenobi believes Floki is approaching a breakout zone, which is where he finds himself The price could rise to new highs this cycle. The analyst predicts at least a 10- to 11-fold increase for Floki by the first quarter of 2025.
The yellow rectangles on the chart indicate a critical time frame before a major breakout, with a significant price jump often occurring after 112 or 140 days of consolidation. If past trends continue, Kenobi predicts that Floki could see a breakout after two weeks if it consolidates for 112 days, or in early February if it stabilizes for 140 days.
Looking at the analysis of the chart, Floki saw a massive price increase in each cycle, with the upward move lasting around 35 days. Due to recurring historical trends, a similar time frame is expected for Kenobi’s forecast 1,100%. Price breakout for Floki.
According to CoinMarketCap, Floki’s price is currently at $0.000169, reflecting a 25.4% drop over the past week. If Floki can rise 1,100% despite this downtrend, the price would rise to $0.00185, marking a value of a new all-time high.
Macro indicators and RSI
In addition to historical data, Kenobi also revealed macro indicators like that of Floki Relative Strength Index (RSI) lending credence to its 1,100% price prediction for Floki. In the past, when the RSI reached a similar level after each consolidation phase, Floki followed with one explosive price movement.
This consistency between past trends, technical indicators and Floki’s pricing behavior further strengthens the analyst’s confidence in his optimistic forecast of an 11-fold increase by the first quarter of 2025.
Featured image created with Dall.E, chart from Tradingview.com