A pseudonymous cryptocurrency analyst has expressed a bullish outlook on FLOKI (CRYPTO: FLOKI), suggesting a substantial escalation in its price following a bounce from key support levels. 

What Happened: “Looking hot on FLOKI right now as we put in a 14% bounce on support. Accumulation pattern kicking in now, will be a big mover in the Meme run,” Crypto Tony noted.

Separately, forecasts for FLOKI’s price trajectory indicate a potential increase of approximately 44.2469%, adding momentum to the expected rally.

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Why It Matters: Earlier analyses from crypto strategist Crypto Tony in December revealed pivotal moments for FLOKI. 

According to Crypto Tony’s technical assessment, surpassing the $0.000060 threshold could signify a new high for the token. The analyst said, “Once we break that high it really is moon time legends. Doge season is kicking off and we have FLOKI / DOGE at the forefront of it.”

Adding to the wave of positive sentiment, another cryptocurrency analyst Kaleo pointed to a potential 40% jump for FLOKI, especially in light of Dogecoin (CRYPTO: DOGE) reaching $0.10 on December 10. 

Price Action: At the time of writing, FLOKI was trading at $0.00002977, up 7% on Tuesday, according to Benzinga Pro.

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