How High Can FLOKI Go This Cycle? This Chart Has an Answer

A new chart shared by @CryptoElITES suggests that FLOKI is currently sitting at the bottom of a bullish setup and could rally as much as 14x in this cycle.

A new chart shared by @CryptoElITEs on X (formerly Twitter) claims that FLOKI is currently sitting at the bottom of a bullish setup and could rally as much as 14x in this cycle. The chart, which is filled with technical analysis, shows a large-scale structure with a specific price target in mind.

As the chart shows, FLOKI bounced from the 61.8% Fibonacci retracement level, which is often seen as a strong area of support. Right above this zone is a horizontal support line, and the analyst has labeled that point as “Bottom.”

From this bottom, FLOKI has already started pushing upward, and the chart suggests this could be the beginning of something much bigger. The chart also shows FLOKI trading inside a clear upward parallel channel. This channel is made up of diagonal white lines that follow the token’s long-term movement.

When an asset stays within a rising channel like this, it often means the overall trend is still intact and could accelerate higher. Interestingly, FLOKI just bounced off the lower part of the channel and is now heading back up. If it continues to move upward within this structure, the chart suggests the price could reach the upper boundary of the channel in the coming weeks or months.

Another bullish sign from the chart is the large cup-shaped pattern visible in the middle. This pattern, known as a cup-and-handle, usually points to a trend reversal followed by a strong breakout. A cup-and-handle is a classic signal traders watch for when looking for long-term opportunities.

If FLOKI finishes this pattern with a successful breakout above the resistance zone near the 100% Fibonacci level, it could set the stage for a big rally. That resistance line lines up with a past high, so once FLOKI clears it, the path to new highs opens up.

According to the chart, the final price target is $0.00050400. At the time the chart was posted, the FLOKI price was around $0.00003600, so that kind of move would mean huge upside.

This price target sits well above the previous high, which means FLOKI would enter price discovery and potentially make a new all-time high. The chart even shows a steep parabolic curve indicating how the move could unfold quickly once momentum builds.