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The meme crypto section witnessed increased selling pressure on Friday, recording a 2% drop in the market cap. The biggest of the meme coins like FLOKI and DOGS dropped by a heavy 18% and 16%, respectively, in the last 24 hours.
The meme coins market has dropped from $48.28 B in the beginning of August to $38.4B by the end of August 2024. However, a few meme coins are showing possible surges and reversals in the next month, they are Popcat, Shuba Inu, Floki, and Bome.
The Floki (FLOKI) price has dived over 11% on Thursday from near $0.00016 to under $0.00014.
FLOKI spiked by 0.53% in the last 24 hours, trading at $0.0001562. The meme coin maintains the neutral sentiment in the market.
Floki defies the odds by showing exquisite resilience against the broader crypto market sentiment.
Based on its price action, FLOKI has successfully retested the breakout of a bullish double-bottom pattern.
Meme coin project Floki Inu has announced a strategic partnership with the University of Miami Athletics for the 2024-2025 season. According to the press release, Floki's immersive blockchain game Valhalla will be at the center of this collaboration.
The crypto market witnessed a fresh correction trend as pioneer cryptocurrency Bitcoin plunged below $60000 on Tuesday. Amid growing bearish momentum, the NEIRO token witnessed massive liquidation, while popular meme coins PEPE, SHIB, and FLOKI have caught the market's attention due to significant exchange inflows.
In this bearish market sentiment, where the top cryptocurrencies are experiencing selling pressure, Floki (FLOKI) is gaining significant attention from traders and investors following its breakout and price surge. On August 28, 2024, FLOKI successfully retested its bullish double-bottom price action pattern and outperformed top meme coins including Dogecoin(DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
A surprisingly bullish turn in these selected meme coins amid the broader market crash teases a strong recovery ahead. As the market anticipates a quick reversal this week, as no significant news fuels the crash. These meme coins could skyrocket at the earliest signals of broader market recovery.
Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data. Related Reading: New ATH Incoming?
Floki (CRYPTO: FLOKI) is adding to its gains as the community announces new partnerships and exchange listings, prompting traders to call for more upside. What Happened: Floki announced a multi-year partnership between Floki and the University of Miami Athletics that's set to “dominate the 2024-25 season.
The memecoin category has started this week on a bearish note, indicating an increase in the selling pressure. Moreover, top meme coins have displayed a negative trend for the second consecutive day. This highlights a high possibility of a bearish action this week.
According to data presented by CoinMarketCap, the Floki (FLOKI) price has increased 27% in the past week, having recovered to $0.157 per token and a market capitalization above $1.5 billion.
As major crypto prices subside ahead of key risk events later in the week including upcoming Nvidia earnings and US Core PCE inflation data, traders hunting for top crypto performers today are scouring the altcoin markets.
FLOKI experienced an impressive 33% price increase as it offers CAT tokens as rewards to its holders. But will this strategy hold in the long run?
Floki (CRYPTO: FLOKI) is up 36% over the past week, with fundamental developments generating buzz in the community. What Happened: Binance announced that it will support the airdrop of a new meme coin called Simon's Cat (CRYPTO: CAT) to Floki holders on its platform.
As altcoin season approaches, traders and investors search for fresh opportunities in the cryptocurrency market, eager to discover the next big breakthrough. Many base their investments on their risk tolerance and market outlook.
The cryptocurrency market is experiencing a notable upswing as Bitcoin approaches the $70,000 milestone, currently priced around $64,000. This trend has reignited interest in meme cryptocurrencies like WIF, POPCAT, and FLOKI, poised for potential 100% gains.
The MACD, though below zero, formed a bullish crossover and signaled that the downward momentum was swiftly losing its grip.
Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected.
Floki Inu starts to gain upward momentum as a crypto analyst predicts a potential 180% rally.
Dogecoin Rivals – Shiba Inu (SHIB), Floki, Pepe coin (PEPE), Dogwifhat (WIF), and BONK are set to attract investor interest as DOGE price has been stuck in a five-month correction. Despite the recent market rebound, Dogecoin price projects no clear sign of bottom formation, projecting the risk of further sell-off.
Mid-cap meme cryptocurrencies Floki (FLOKI) and Dogwifhat (WIF) are on the list of the worst performing cryptos in the top 100 today. Besides general uncertainty, the largest meme coins are losing liquidity thanks to the growing euphoria around Tron's meme coin ambitions.
