✴️ Is It Too Late to Buy FLOKI? FLOKI Price Blasts Up From Recent Bottom as Eco Coin Quietly Gathers Momentum❗
Meme coin $FLOKI appears to have rebounded from a March 19 bottom of $0.000165 as it trades today at $0.000225, a hefty appreciation of about 36%, according to figures taken from CoinGecko.
Like Dogecoin ($DOGE ) and Shiba Inu before it ($SHIB ) and BONK and DogWifHat (WIF) after it, FLOKI is based on the eminently memeable Shiba Inu.
However, FLOKI’s inspiration and IRL namesake is a Shiba Inu with a famous owner: Elon Musk.
In terms of overnight gains, DOGE and SHIB firmly outpaced FLOKI. The largest meme coin by market capitalization, DOGE, blew up by about 4.7% overnight. SHIB posted more modest 24-hour gains of about 1.2%.
FLOKI’s performance is more in line with the broader market, though. In general, crypto is down today. Market leaders Bitcoin and Ethereum both shed 2.5% while FLOKI dropped 7.7% to post heavier overnight losses than any of the top thirty cryptocurrencies by market capitalization.
Over on FLOKI’s trading chart, we can see that it is currently trading at a new support level that it found after a sharp but volatile rally in early March.
FLOKI is roughly the same price as its 30-day moving average, and with a relative strength index (RSI) reading of 49 there is likely to be more selling throughout the day but the price is altogether stable
