Well-known crypto analyst is ‘turbo bullish’ on FLOKI

The pseudonymous analyst Bluntz is currently “turbo bullish” on the memecoin FLOKI. According to Bluntz, it is only a matter of time before FLOKI reaches new all-time highs. On the daily chart, the coin has completed an ABC correction and is now ready for new increases.

$floki is another major meme looking turbo bullish imo and heading to aths.

price action from the november highs looking like another high timeframe abc with a fresh impulse looking underway, ath before end of cycle inevitable imo. pic.twitter.com/ygugeokgti

— Bluntz (@Bluntz_Capital) January 4, 2025

FLOKI ready for new all-time highs

For his analysis, Bluntz uses the Elliott Wave Theory, which states that a bullish asset typically moves in five upward waves after an ABC correction has been completed.

“FLOKI is, in my opinion, the next big memecoin that looks turbo bullish and is on its way to new all-time highs. The price action since the November highs resembles an ABC correction and now a new uptrend has begun.

In my opinion, an all-time high before the end of the cycle is inevitable,” said the optimistic Bluntz.

Based on his chart, Bluntz predicts a price of $0.0004 for FLOKI by the end of March.

Focus on the US dollar

In addition to FLOKI, Bluntz is currently also focusing on the US Dollar Index (DXY), which he sees as a barometer for investors’ risk appetite.

According to Bluntz, the DXY currently looks bearish after a key Fibonacci resistance was respected and the index underwent an upside ABC correction. He now expects the index to fall below the 100 point mark.

“The DXY seems to have reached its peak,” predicts Bluntz.

For 2025, the analyst expects the DXY to fall below 99 points.

What do you think? Will we see a weaker US dollar under Donald Trump in 2025? And would that be a good development for Bitcoin and other risky assets?

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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