The Floki price is expected to gain new momentum as the Floki team will launch a major marketing campaign on September 24, 2024, aimed at increasing awareness.
The price of Floki has been rising recently as the daily time frame chart shows a bullish pattern. With the rise to fame of Popcat (POPCAT) and Neiro (NEIRO), this meme coin has faded from the limelight recently. However, the team plans to re-establish Floki as a popular crypto project through a new marketing strategy. Will the improved marketing strategy help Floki catch up with the gains in October?
With marketing efforts aligned with a bullish setup, will Floki’s price surge?
According to the Floki X official account, the team will release a marketing announcement on X Spaces at 4:00 PM UTC on September 24th.
Floki Inu is one of the most watched projects in the cryptocurrency space, and the team has made tremendous progress to make the project famous all over the world. Their efforts show that good marketing is the key to driving a project to great heights.
In May, Floki marketing director Saber revealed that the project was preparing to launch its largest marketing campaign in more than two years.
Sabre said the move will help Floki dominate the meme coin space and achieve its goal of becoming "the world's most well-known and widely used cryptocurrency."
On March 15, Floki launched another sizable marketing campaign in Times Square, New York, and the brand was displayed on Nasdaq billboards for two months. However, at this time, a large investor sold all of his holdings of Floki and PEPE stocks.
Floki’s price has increased by 5.7% in the past 24 hours and is trading at $0.0001365. The news comes at a good time as the crypto asset’s price chart shows that Floki has the potential for a bullish reversal rally to $0.00021.
FLOKI Technical Analysis Reveals Path to $0.00021
The price of Floki has been moving inside a descending channel since May. However, the recent price action shows a potential breakout attempt. A bullish double bottom pattern can be seen, which suggests a possible reversal in the downtrend. The price is currently testing the neckline of the pattern, which is around $0.00014.
Key support and resistance levels
$0.00012 – This is a key support level, corresponding to the bottom of the channel and the recent double bottom pattern.
$0.00014 – the immediate resistance level corresponding to the neckline of the double bottom.
$0.00022 – This is the next major resistance level after a successful breakout above $0.00014, which represents a 62% increase from the current price.
If the Floki price drops to the $0.0001200 to $0.00013 area, it will mark a good entry zone. However, if the price breaks below this level, it may indicate market weakness and invalidate the current bullish thesis. Floki Inu may find lower support at the bottom of the channel near $0.00008.
$FLOKI
