[Can the listing of Revolut push FLOKI to new highs? 】
Despite market consolidation, popular dog-themed meme cryptocurrency FLOKI has posted three consecutive days of gains, rising 33% from $0.000159 to $0.00021. The price broke above the neckline resistance of the ascending triangle pattern, showing the potential for a further rebound.
During Bitcoin’s post-halving consolidation, FLOKI coin entered a sideways trend since April 19, with the price fluctuating between $0.000202 and $0.000127.
The daily chart shows FLOKI price forming higher lows, indicating buyers were actively accumulating on the dip in an attempt to regain control of the market. These lows connect with trend support, forming an ascending triangle pattern.
In theory, this chart setup signals the building of bullish momentum, which is further strengthened by a break of neckline resistance.
Today, FLOKI price gained 16% and broke the neckline resistance at $0.000202. The rally may be related to FLOKI's listing on Revolut Business, Europe's leading new banking and retail trading app with 40 million users in more than 150 countries.
This strategy aims to simplify the process of purchasing FLOKI for businesses across Europe, potentially accelerating its adoption and realizing its vision of becoming the most well-known and widely used digital currency in the world.
If the breakout persists, FLOKI coin price could rise to $0.00026 or even $0.000031.
