Bluntz, a crypto analyst who famously predicted Bitcoin's 2018 bottom, has turned his sights to FLOKI. He foresees significant gains for this Shiba Inu competitor.

FLOKI has drawn attention after nearly doubling in May, but Bluntz believes it's just the beginning.

Bluntz shared his bullish outlook on X, formerly Twitter. He compared FLOKI’s price movement to PEPE, another meme coin that performed exceptionally well recently. FLOKI’s chart shows higher lows and highs, a bullish sign.

According to Bluntz, this pattern suggests more upward movement.

The analyst predicts a 100% increase in FLOKI’s price, potentially reaching $0.00075. Currently trading at $0.000246, this would represent a nearly 200% surge. However, FLOKI faces resistance levels that could slow its rise.

The prediction comes despite current bearish pressure, with Bitcoin's price dip affecting FLOKI. Yet, Bluntz’s reputation lends weight to his forecast. He gained credibility by accurately calling Bitcoin's 2018 bottom, making his FLOKI prediction noteworthy.

FLOKI isn't alone in the meme coin market downturn. Shiba Inu, Dogecoin, and others have also seen declines. Shiba Inu dropped over 5%, while Dogecoin and PEPE experienced losses too. These declines, however, haven't dampened Bluntz’s optimistic view on FLOKI.

If Bluntz is correct, FLOKI could soon be a top performer. The crypto market is watching closely to see if his bullish prediction pans out. For now, investors eye FLOKI's potential as a high-reward opportunity amidst a volatile market.