$FLOKI Floki Inu (FLOKI), a meme coin, is currently trading around $0.00025 on December 12, 2024. This is a token developed on two platforms: Ethereum (ERC-20) and Binance Smart Chain (BEP-20), with a circulating supply of 10 trillion tokens. FLOKI is trying to combine meme factors with real applications such as NFT, metaverse gaming (Valhalla), and decentralized finance (DeFi).
Technical Analysis:
1. Oscillators:
- RSI (14): 56.23, in the neutral zone, indicating no signs of overbought or oversold.
- Williams %R: -52.49, confirming a trend that is neither oversold nor overbought.
2. Moving Averages:
- All EMA lines (10, 20, 50, 100, 200) are sending buy signals, indicating a bullish trend in both the short and long term.
- The 10-day EMA is currently $0.000238 and the 200-day EMA is at $0.000169, supporting potential upward price trends.
3. Price Trend:
- FLOKI reached an all-time high in June 2024 ($0.00032) but is currently about 22% lower than that level. However, compared to the low in the past year ($0.000098), the price has increased over 157%, showing a positive recovery recently.
Comments:
- Short-term support: $0.00023 (10-day EMA).
- Short-term resistance: $0.00032 (most recent peak).
- FLOKI is suitable for investors who favor meme coin projects with high community engagement and long-term development strategies, including NFT and metaverse applications. However, it is essential to consider the risks from strong price volatility due to the speculative nature of the market.
You can further monitor the price charts on major exchanges like Gate.io, Huobi, or PancakeSwap to make investment decisions #FLOKI🔥 $FLOKI