FLOKI’s Recovery Signal: Analyst Predicts 50% Pullback Bid

Crypto analyst Bluntz Capital has identified a potential bullish signal in FLOKI, suggesting a five-wave impulsive move from recent lows might be the indicator of a market bottom. The analysis reveals an Elliott Wave 1-2-3-4-5 formation on the daily chart with a current price action aligning with a potential wave 3 peak. Bluntz is closely monitoring the $0.00008556-$0.00007647 range, which corresponds to the 50%-61.8% Fibonacci retracement levels as a promising area for entering a pullback bid.