💥 Is FLOKI Price Ready For A 50% Hike This Summer?

With the broader market gaining momentum as BItcoin pumps to $62,000+ levels, the meme coins are making a comeback. Surviving and undermining the weekend crash, the FLOKI price trend is on a smooth uphill journey. 

The meme coin is making a bullish candle and projecting a successful post-retest jump, teasing a huge rally. Will this dog-themed coin manage a 50% jump, as the sideline traders anticipate? Find out a long-term view on this meme coin in our FLOKI price prediction.

🔸 FLOKI Price Performance

With an almost 17% jump in the last 24 hours, per coinmarketcap, the FLOKI price is making a comeback with the broader market. Further, it ranks as the second-best performer in the 24H period, behind PEPE, reflecting a surge in the meme coin industry. 

In the 1D chart, the FLOKI price trend showcases the wedge breakout rally turning sideways between two Fibonacci levels. However, the overnight jump marks a positive cycle to challenge the overhead resistance. 

With a bullish candle of 8.26% jump yesterday, the bullish momentum sustains, resulting in a 2.68% intraday jump. Currently, the FLOKI price trades at $0.0001883 with increased chances of a 38.20% Fibonacci breakout.

🔸 Technical Indicator:

MACD: The MACD and signal lines are merged near the zero line. However, a bullish continuation will prolong the uptrend in average lines.

RSI: The daily RSI line maintains an uptrend and rises from the halfway line, reflecting a demand surge.

🔸 Will FLOKI Make A 50% Leap?

As per the trend-based Fibonacci level and the bull cycle in the consolidation range, the $0.00020 mark is a crucial psychological resistance level. A range breakout will boost the uptrend in FLOKI price to potentially reach the $0.00030 mark, a 50% surge in the coming weeks. 

However, a failure to surface above $0.00020 will prolong the consolidation range and risk the $0.0001682 support. A downfall under this will plunge the meme coin to $0.0001280.

$FLOKI #FLOKI #meme