Price Prediction for Floki as the Price of FLOKI Instantaneously Increases by 15% - Are Whales Buying?
As the cryptocurrency market rises 1% in 24 hours, Floki rose 15% to $0.0001968.
FLOKI has gained 40% in a week and 600% in a year, despite being down 15% in a month.
After Revolut said it will market the FLOKI token, Floki Inu became one of the best-performing main meme currencies of this era.
After a rough few weeks, the market is rebounding now, thus Floki prices may rise shortly.
Floki Price Prediction: Whales Buying After 15% Rise?
FLOKI's indications are positive, suggesting the currency may continue to rise.
The token's 30-day average (orange) is still increasing beyond its 200-day average (blue), indicating growth.
FLOKI's RSI is around 60, where it might climb again after the hour's slump.
The coin's resistance (red) and support (green) levels are increasing together, with $0.00020 being the primary resistance. This is bullish.
If Floki breaks this price, additional buyers may join the market and raise its price.
Although there have been no recent whale transfers, FLOKI's volume has increased from $100 million over the weekend to roughly $500 million today, suggesting traders are storing up on the currency.
Revolut's backing for Floki has boosted interest in the token, since 40 million of its clients might become FLOKI holders.
With Coinbase yet to add the token, this is a vote of confidence in the meme currency and a reminder that it may soon be listed.
As optimism grows, the Floki price may climb as the market expects macroeconomic improvements like rate reduction later in the year.
It may hit $0.00025 by summer's end before surpassing its record high ($0.0003365) in 2024's fourth quarter.
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