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FLOKI Surges by More than 25%, While PEPE & DOGE Catch Up!
As Bitcoin gains momentum, memecoins are following an ascending trend. While some popular ones struggle to gain attention, FLOKI leads with over a 25% jump, followed by BONK with more than 10%. SHIB and WIF also show strength, while DOGE and PEPE record marginal gains.
The question arises: is this the beginning of Memecoin Mania?
FLOKI's price is experiencing a significant bullish influence, moving closer to its all-time high (ATH). With a slight increase in market strength, sentiments have shifted from neutral to hopeful, igniting the rally. The token has formed a parabolic curve, and the latest upswing has broken from the neckline. However, the price has surged without a retracement, indicating potential exhaustion for the bulls before a new milestone.
On a broader scale, FLOKI is reaching new highs above $0.0004. The daily chart suggests a possible retracement after maintaining elevated levels for some time. The weekly chart indicates potential highs at $0.0004, which may lead to a pullback, as suggested by the formation of a cup and handle pattern. This bullish pattern implies a likely breakout, supported by the StochRSI rebounding from the lower range.
Overall, FLOKI is leading the memecoin trend, with others following. The price is expected to maintain a steep upswing and reach 1.2 FIB levels, potentially attracting bearish forces temporarily. After minor consolidation, FLOKI may hold $0.00004 levels and continue heading towards new highs.
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