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FLOKI mirrors PEPE’s pattern: Are 588% gains on the cards now?
A close inspection of recent market data reveals a striking similarity between Floki Inu (FLOKI) and Pepe [PEPE] in terms of their price patterns. If history is any indication, this could be an ominous sign for FLOKI investors, as PEPE previously saw returns of over 588% by mid-year.
According to the charts, FLOKI’s price action mirrors that of PEPE in early 2024, suggesting that a similar outcome might unfold in Q1 2025. In other words, FLOKI may be on the cusp of significant gains, potentially mirroring PEPE’s impressive performance.
A closer examination of FLOKI’s address composition by time held suggests a transfer from very short-term to more committed mid-term speculation. This shift could indicate a potential stabilization in FLOKI’s price as traders who would typically sell quickly have either exited or transitioned to holding for the long haul.
Currently, an impressive 53.07% of addresses are in the money, indicating a strong support zone between $0.000196 and $0.000202. On the flip side, a staggering 46.86% of addresses are out of the money, highlighting recent price declines. However, this disparity could be indicative of a stabilization phase if buyers enter at these levels, potentially pushing FLOKI’s value upwards.
Notably, transactions volume in USD and count by size have exhibited an interesting dynamic. While retail participation has remained strong, with smaller transaction sizes experiencing significant surges, larger investors seem to be pulling back. This disparity might lead to potential volatility as the market is driven primarily by retail speculation rather than institutional investment.
In light of this analysis, it appears that FLOKI’s future price may be influenced by retail speculation rather than institutional support. While short-term gains are possible, the absence of substantial institutional backing could pose risks for long-term stability.
As investors weigh their options, they would do well to keep a close eye on these developments and consider the potential implications for their investment strategies.
Source: ambcrypto.com
