$FLOKI (1-week): huge FALLING WEDGE; can this coin do 250-400%?FLOKI / TetherUSBINANCE:FLOKIUSDTColdBloodedCharterFLOKI is the biggest 'memecoin' on BNB and now would be the best time to pay attention to it as the #Binance coin finds itself in Price Discovery. BNB's marketcap is above $162B, meanwhile FLOKI is under a billion. Can we expect it to decisively outperform BNB in Q4? I definitely think so. Let's have a look at the WEEKLY chart first to see where we are. First of all, it has lost 67% of marketcap value since the ATH made last year in June ($0.000347). Which means that if the memecoin (apparently much more than just a meme, it's a whole ecosystem in itself) only hits the current record price, it will have done 250% from here. Not bad. The WEEKLY chart reveals a huge FALLING WEDGE pattern with the current price trading roughly at mid-point after a rejection from the 50 MA. Also right inside a resistance zone (which acted as a support zone throughout the whole 2024). Bullish market structure was established last July and this past week FLOKI might have put in another higher low. Based on this macro chart, I will wait until we clear the resistance zone ($0.0001250) first. No rush, I don't long inside resistance zones. DAILY chart next, trading view alerts set at $0.0001160 (50 MA). Need to pay attention to this as FLOKI pumps are always explosive. 👽💙