FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High

Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven

Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes. 

Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high.

FLOKI Ready For 200% Surge Past All-Time High

Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high. 

However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-…