Floki Price Prediction as FLOKI Bounces 8% as Meme Coins Make a Comeback – Time to Buy?
The FLOKI price has jumped by as much as 8% today, rising to $0.0001418 as the cryptocurrency market as a whole increase by 5% in the past 24 hours.
FLOKI is now down by 26% in a week and by 21% in a month, although the popular Ethereum- and BNB-based meme token has gained by an impressive 310% in a year.
This sets it up nicely for a strong comeback in the near future, with the wider market preparing for the possibility of a post-Bitcoin halving rally.
And with FLOKI outperforming more established meme coins such as DOGE and SHIB today, the remainder of the year could see it rise further up the market rankings.
FLOKI’s rally today comes at a time when the coin was ready for a rebound, given that it had spent much of the past week struggling.
Its relative strength index (purple) has jumped to 60 in the past few hours, after tumbling close to 30 in the early morning.
Its 30-day average (orange) has begun climbing modestly, and seeing as how it had been well below the 200-day (blue) for so long, it should continue its ascent for at least a few days yet.
This means a rising price for FLOKI, which is seeing its resistance (red) and support (green) levels converge on each other, a move which can signal a big break (potentially in either direction).
One interesting feature of the coin’s chart is that its volume is still somewhat down, despite today’s lift, standing at $150 million.
This contrasts with the high levels – between $1 billion and $2 billion – it enjoyed in the first half of March, suggesting that real demand hasn’t returned to the coin yet.
The price of $FLOKI increased by ~75% today!
We noticed that whales started unstaking $FLOKI and selling for profits!
6 wallets have unstaked 30B $FLOKI($7.14M) in the past 6 hours and are
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