💥FLOKI: These historical trends suggest price gains
📈 100% Floki (FLOKI) has surged 10.12% in the past 24 hours to trade at $0.00017, indicating potential for further gains.
📊 The MVRV ratio, which compares market value to realized value, is currently -36.34%. This suggests that holders have recently bought at higher average prices, making selling at current levels a losing proposition.
💡 Historically, when FLOKI’s MVRV ratio was similarly low, prices have surged significantly. For example, in February, when the MVRV was -18.73%, FLOKI surged more than 300% in a week.
🚀 Given these historical patterns, if FLOKI follows a similar trajectory, a 100% rally to $0.00034 in a month could be feasible, barring a major market correction.
⚙️ Analyzing the IOMAP shows that an important support level is around $0.00016, where 1,140 addresses hold nearly 36 billion FLOKI. This support level could prevent a significant price drop.
🔍 Looking ahead, if buying pressure persists, FLOKI may initially target $0.00019. Further bullish momentum could push it up to its previous all-time high. $FLOKI
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