Floki Inu (FLOKI) Breaks Out of Downtrend: Analysts Eye a Huge Rally Incoming
FLOKI breaks out of a downtrend, sparking analyst predictions of a potential 200% rally to new all-time highs amidst increased social media interest in meme coins.
Keep up with what's happening in the crypto world in real-time.
FLOKI breaks out of a downtrend, sparking analyst predictions of a potential 200% rally to new all-time highs amidst increased social media interest in meme coins.
Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes. Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June.
FLOKI's breakout could precipitate a major rally, especially since it has been backed by strong crowd sentiment.
The memecoin may soon test a key resistance level, but is a breakout really inevitable?
A widely followed crypto analyst says that one artificial intelligence (AI)-based altcoin looks strong while updating his outlook on Solana (SOL) and a handful of memecoins. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 224,800 followers on the social media platform X that Fetch.
As speculation builds around Donald Trump's potential creation of the Department of Government Efficiency (D.O.G.E.), investors are on the hunt for the next big Dogecoin rival to buy.
Book of Meme surged in the past 24 hours as meme coins led the crypto market rally on Oct. 18. Following Bitcoin's (BTC) impressive rise above $68k, meme coins have taken the spotlight. Dogecoin (DOGE) jumped 10%, reaching an 11-week high, while other dog-themed tokens like Brett, Bonk, and Popcat also saw significant gains.
With Bitcoin price crossing above the $68,000 mark, the meme coins are spearheading the crypto bull market rally. PopCat, Mew, and Floki are leading the way, along with Dogecoin and Shiba Inu, among the top-performing meme coins.
FLOKI saw an uptick in investor interest during the short-term pullback from Monday's rally.
The popular meme coin Floki (FLOKI) is poised for a massive upside rally as its token successfully retested the breakout area. On October 14, 2024, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were gaining significant upside rallies, FLOKI breached the neckline of the bullish price action pattern.
FLOKI may face a brief decline before resuming its upward trajectory.
FLOKI is leading the memecoin rally, with the larger memecoin market seeing some momentum too.
Crypto All-Stars ($STARS) has now raised $2.1 million in its ICO as meme coins appear to be gearing up for another supercycle.
Memecoins are up today and have strongly outperformed the entire crypto market over the last month.
Following the breakout of the trendline, there is a strong possibility that FLOKI could soar by 20% in the coming days.
The popular meme coin Floki (FLOKI) is poised for a significant upside rally but is currently facing strong resistance. After a recent price decline of over 25%, the meme coin is trying to rally, unlike major cryptocurrencies like Popcat (POPCAT), dogwifhat (WIF), and others. However, due to the strong resistance, it is struggling.
Can Popcat flip Floki? This trading executive thinks so.
Despite being in a downward trend all week, Floki (FLOKI) remains significantly bullish, according to a crypto analyst. Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge.
Hold onto the edge of your seats. Bitcoin's chop is battling 60k, and the FUD is ripping through the meme coin vertical, with major volatility in top meme coins, including BONK, PEPE, and Floki – let's take a look.
FLOKI's recent downturn may only be the beginning.
The cryptocurrency market is once again reacting to global events, with geopolitical tensions impacting popular meme coins like Floki (FLOKI) and Shiba Inu (SHIB). Following Iran's missile strike on Israel, Floki experienced a significant 10% drop, as reported by CryptoNews, raising concerns about broader market volatility.
Following Iran's missile strike on Israel on Tuesday, the price of Floki Inu (FLOKI) plunged 10% as risk-off sentiment spread across the crypto market by Wednesday, October 2.
Story Highlights The live price of the Floki memecoin is . The Floki price could reach a maximum of $0.000500 in 2024. FLOKI coin price with a potential surge, may reach a high of $0.00350 by 2030. With a 366.
With the BTC price restarting a new negative cycle within a channel, the meme coins are taking a minor pause. However, the broader market anticipates a bull run ahead with an altcoin season fueling the meme coins mania. Within many meme-centric tokens, the segment is close to saturation, which leads to choice overload.