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The meme coin market capitalization fell nearly 5% over the past 24 hours to $39 billion.

Floki (FLOKI) has recently taken a hit, leaving its investors in a state of concern. With the token dropping by 20% in recent trading sessions, many are beginning to question its long-term potential and whether better opportunities lie elsewhere.

BEAM, FLOKI, and AAVE have declined the most from the top 100 alts.

FLOKI's downturn could persist if it breaches the crucial support level at $0.0010932.

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.

Floki (FLOKI), a meme coin created by fans of the Shiba Inu (SHIB) project, has experienced a 20% price drop in the last 24 hours. This sharp decline followed the reactivation of a previously dormant wallet.

Floki (FLOKI) price, a popular meme coin, has experienced a recent dip in its market value. This downward movement reflects a broader bearish trend within the meme coin sector.

The world of cryptocurrency is ever-evolving, and within it, the meme coin sector continues to capture the imagination and wallets of investors worldwide. Recently, Floki (FLOKI) has made headlines again with its strategic moves, including a significant partnership with the University of Miami Athletics.

With the cryptocurrency market constantly failing to regain momentum, top tokens are hovering close to their crucial support levels. Following their footsteps, top memecoins have recorded massive price plunges in a short time frame.

The $1.2 billion market cap meme coin Floki ($FLOKI), the sixth biggest in the $42 billion meme coin sector, has overnight fallen 20% to trade at $0.0001268.

Floki token retreated sharply on Friday, Aug. 30, making it the worst-performing meme coin in the industry. Floki (FLOKI), the sixth-biggest meme coin, fell by over 20%, reaching a low of $0.00012, its lowest point since Aug. 21.

The dog-themed meme coin is the worst-performing cryptocurrency today (August 30) from the top 100 club.

FLOKI is the poorest performer in the past 24 hours.

Floki's RSI has dropped to 22 after intense selling pressure, and the memecoin is now in oversold territory.

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.