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Click here From my pin posts and Get claim Free Usdt or Rewards 🎁🎁💰💰 😱🔥FLOKİ: Is a bull rally on the way? Fundamental indicators point Bull FLOKI's popularity was high as his social metrics increased. Meme coin has witnessed a slight price correction, but this trend may not last long. Meme coins have recently made a lot of noise, including Floki Inu [FLOKI], thanks to the increase in their popularity. #floki 's bullish move FLOKI's analysis of the daily chart revealed an interesting development. After reaching the peak in mid-March, the price of memecoin began to move in the bullish flag formation. It continued to strengthen inside this pattern for more than a month and finally broke out on May 4. A break above the bullish flag pattern indicated that the FLOKI price could soon reach the March high again. Developments on the social front also seemed optimistic for meme money. According to LunarCRUSH's last tweet, meme coin's social metrics were rising rapidly, as more than 48% of the Sunday remained positive about FLOKI. He also noted that meme coin's official X (formerly Twitter) username is trending to reflect FLOKI's popularity on the social media site. However, despite these optimistic signs, there was a correction in the price of the meme coin. According to CoinMarketCap, the value of the meme coin has fallen by 1.5% in the last 24 hours. The bullish trend may continue Investors should not worry about the price drop yet, because a break above the bullish flag pattern is usually followed by a retest of the support level. Therefore, a slight price drop ahead of another bullish rally is not uncommon. it found that the likely cause of the recent price drop could be high liquidation. The liquidation of the meme coin rose sharply to $ 0.0002, and then its price fell. His analysis of the Centiment data suggested that the downward trend may not continue. For example, FLOKI's Funding Rate fell after the increase. In general, prices tend to move in the opposite direction of the Funding Ratio. The MVRV ratio also remained quite high,
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claim free USDT from my pin posts 💰🎁 🌖 Ongoing Developments and Prospects In addition to the recent upgrades, Terra Luna Classic is tailoring itself for future developments that may continue to affect its ecosystem. One of the worthy endeavors is the scheduled 800 million $USTC burn that will cut the stablecoin’s circulating volume. This initiative suggests the migration of the contract and will need community consent before it is put into action. Furthermore, the Terra Luna Classic community is still an active participant in the testing purposes and further development of the system. The new Mantlemint test is simply another milestone in trying to verify the network’s capability to support broader applications and enhanced transaction traffic. Such endeavors stress on the community’s dedication to ensuring a strong and effective blockchain infrastructure. Concurrently, the #TerraLunaClassic project continues to enjoy strong support from major industry players, including Binance, which has played a role in the $LUNC burn mechanisms. As earlier reported by Coingape, Binance revealed a burn of 1.4 billion #LUNC✅ tokens, which significantly contributes to the exchange’s total of over 57.66 billion LUNC #tokens burned. Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. #CryptoWatchMay2024 #BTC
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