🐕📈 FLOKI Price Prediction: Can the 1,000% Transaction Spike Signal the Next Big Rally?
🐕 FLOKI Shows Gains
Floki (FLOKI) traded at $0.000261, up 1% in 24 hours, with a 78% increase over the past 30 days. Despite resistance at $0.00027, technical indicators suggest another rally may be on the horizon.
📈 Bullish Crossover Incoming
FLOKI’s one-day chart hints at a bullish crossover as the 50-day SMA moves toward the 200-day SMA. While traders may have priced in the momentum, this "golden cross" signals a strengthening uptrend. The RSI at 70 indicates bullish sentiment, though it has cooled slightly, allowing for potential price stability.
📊 Volume and Key Support
A volume tussle between buyers and sellers continues. Support at $0.00024 is critical—falling below it could trigger a downtrend.
🐋 Whale Activity Spikes
Whale activity surged 1,000% in two days, with transaction volumes jumping from 39 billion to 460 billion FLOKI. Whales now control 73% of the supply, with retail at 14%. Increased whale activity could lead to heightened price volatility.
⚠️ Liquidations Pressure Rally
On November 21, long liquidations hit $641,000, the highest in a month, temporarily stalling FLOKI’s rally. The liquidation heatmap shows significant clusters around current prices, with the closest above the price, potentially supporting an upward breakout.