Floki Price Prediction as $900 Million Trading Volume Comes In – $1 FLOKI Possible?
(note: the post contains data by CryptoNews)
The Floki price has remained flat in the past 24 hours, with its current price of $0.0002711 representing an 82% gain in a week.
FLOKI has also risen by 380% in the past fortnight and by 780% in the last 30 days, with these increases helping to propel the meme token to 55th in the market (by capitalization).
It also has plenty of momentum left in the can, with its trading volume nearing $900 million today, up from $150 million at the start of March and only $15 million a month ago.
It’s arguable that Floki has only just begun a phase of rapid price discovery, with the meme token capable of more rallies in the near future.
Its indicators continue to show very strong momentum, with its RSI (purple) currently touching 80, having dipped from 90 but then risen again.
This suggests that more gains are incoming, as does FLOKI’s 30-day average (yellow), which is rising very, very precipitously above the 200-day (blue).
After spending months struggling, FLOKI is certainly entitled to continue rising for the next few weeks, at the very least. And with its trading volume rising as high as $2.3 billion in the past week and staying high at $900 million, it’s clear that interest in the token remains.
Whales have been buying up the token in the past couple of weeks, and while some have been selling, its price remains stable.
This comes in the context of a market-wide rally, which follows rising Bitcoin ETF volumes and excitement surrounding the next Bitcoin halving. #FLOKI
