Meme coins Dogecoin and Shiba Inu have dominated bullish predictions from crypto analysts in recent weeks, with many analysts predicting new all-time highs, especially for Dogecoin. However, according to technical analysis by crypto analyst Bluntz (@Bluntz_Capital), another meme coin is on track for a substantial 115% rally in the next couple of months.  In a recent analysis shared on social media platform X, Bluntz predicted a possible 115% rally for Floki based on its long-term accumulation pattern and a technical breakout.

Meme Coin Accumulation Points To Major Breakout

Meme coin FLOKI had a wonderful first half of 2024 and went through a crazy surge that saw it become one of the best-performing meme coins. This interesting performance and surge in inflows saw FLOKI register a peak of $0.0003449 by the first week of June. 

However, FLOKI has generally stayed under the radar for the past few months, especially during the recent rally in Q4 2024. As such, FLOKI’s price action has been highlighted by the formation of lower highs since June 2024. Despite this quieter period, crypto analyst Bluntz has pointed to a highly encouraging development in FLOKI’s price behavior. In a recent analysis, he noted that FLOKI has re-entered a critical accumulation range, which it has been forming for nearly a year. 

According to Bluntz, this prolonged accumulation phase is shaping a high-timeframe (HTF) right shoulder on the weekly candlestick ch

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Author: Scott Matherson