FLOKI vs Dogecoin: Buy, Sell or HODL in June?

Current Market Performance

*FLOKI is trading at $0.0003328, up 25.14% over the past day, 14.76% over the past week and 70.81% over the past month. Market capitalization reached 3.18 billion USD, with 24-hour trading volume increasing by 74.09% to 1.38 billion USD, ranking 10th in trading volume.

*Dogecoin (DOGE) is trading at $0.1635, up 3.44% over the past day. DOGE only increased slightly by 0.75% over the past month and decreased slightly by 0.77% over the past week. DOGE's market capitalization is higher than FLOKI, reaching 23.64 billion USD, ranking 8th in the cryptocurrency rankings.

Technical Analysis

FLOKI: The simple moving averages (SMA) and exponential moving averages (EMA) both show strong buy signals. RSI is at 72.93, suggesting FLOKI may be in overbought territory, but still within a neutral stance. MACD is positive at 0.0000258055, supporting buying action. The main resistance is at 0.0003310124 USD.

DOGE: Dogecoin's moving averages also signal buying. However, oscillators like RSI at 53.65 show neutral signals, while MACD is negative at 0.00153, suggesting selling action. The main resistance is at 0.18260 USD.

Conclude:

Floki Inu (FLOKI): With a strong buy signal on the moving averages and MACD, FLOKI is a strong candidate to buy. However, RSI is near the overbought zone, requiring caution. Investors can consider buying but should pay attention to signs of market correction.

*Dogecoin (DOGE): Despite a buy signal from the moving averages, DOGE shows mixed sentiment from the oscillators and MACD. Holding DOGE may be a reasonable strategy, while closely monitoring market developments for opportunities.