Floki Price Prediction: FLOKI Is The Top Gainer With A 10% Pump !!
#BTC #CryptoWatchMay2024 #BinanceLaunchpool #BullorBear #eth The Floki price has surged almost 10% in the last 24 hours to trade at $0.00001924 as of 8 p.m. EST on an 82% jump in trading volume to $374 million. That made FLOKI the top gainer among the biggest 100 cryptos by market capitalization, surpassing Dogecoin, Dogwifhat, and Pepe. Its market cap stood at $1.84 billion.With Bitcoin (BTC) leading the way as the crypto market picks up again, the dog-themed token is gearing up for a significant surge.The price of FLOKI seems to have stabilized around $0.0001900, showing a slowdown in bullish activity and maintaining stability above the falling channel.
The resistance level at $0.0002985 has allowed bears to push the price down in a falling channel, causing bulls to seek support around the $0.0001348 mark.Despite this, bullish momentum has proven strong, propelling the price towards the channel’s upper trendline. Additionally, the 200-day Simple Moving Average (SMA) reinforces the generally optimistic outlook for the price of FLOKI. A modest push could potentially result in the price surpassing the upper trendline, aligning with the 50 SMA.The Relative Strength Index (RSI) has bounced back from 39 below the midline at 50 to 55, indicating increasing momentum that could push it into overbought territory above 70.
The bullish trend in FLOKI’s price remains strong. Buyers aim to bounce back from the 50 SMA and break the current all-time high of $0.0003365 to $0.0003654 new high in the coming weeks.
Conversely, if the price drops below the 50 SMA again, it could empower the bears to drive the price down. This might prompt the bulls to seek refuge around the $0.0001526 support level. While Floki traders prepare for a potential price jump, WienerAI (WAI) is emerging as a promising new option for diversification. It’s already raised more than $1 million as investors buy into its combination of two of the hottest niches in crypto: meme coins and AI tokens.
