📉 Floki Price Prediction: FLOKI Down 7.5% – What’s Happening?

🔥 #HotTrends #BOME #BTC🔥🔥🔥🔥 #sol #ethpump

The price of Floki has plunged by 7.5% today, reaching $0.0002272, while the broader crypto market has slipped by 2% in the last 24 hours.

📉 Today's decline also marks a 10% drop for FLOKI in the past week, but despite this, the coin has managed to maintain a 23% gain over the past two weeks and a staggering 600%.

💪 Such performance indicates that the meme coin is still in a growth phase, poised to resume its upward trajectory once the current correction concludes.

🔄 One encouraging sign is that the trading volume for the meme token remains high at around $750 million, significantly higher than its volume of just $30 million less than a month ago.

🚀 This demonstrates the significant progress FLOKI has made recently, and with liquidity remaining robust, it could bounce back soon.

🐋 Currently, it appears that many whales have been selling, although there were some substantial withdrawals from exchanges earlier this month.

📈 In other words, FLOKI remains popular among traders and is likely to rebound quickly as the market regains momentum.

📅 This rebound could happen sooner than anticipated, especially with the upcoming Bitcoin halving and the potential approval of Ethereum ETFs on the horizon.

🐕 Such factors could contribute to a bullish market in the coming months, with FLOKI poised to benefit more than other altcoins due to its status as a volatile meme token.

📋 Additionally, there's the upcoming release of the Floki 2024 roadmap, scheduled for today, adding to the fundamental factors at play.

📉 Floki Price Prediction: FLOKI Down 7.5% – What’s Happening?

📉 FLOKI's chart mirrors that of other major tokens in the market today, with indicators signaling a loss of momentum.

📉 Its RSI (purple) has dropped from nearly 70 yesterday to 50 at present, indicating further selling pressure.

$FLOKI $FLOKI $FLOKI