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The altcoin season is picking up pace, with the Bitcoin price claiming a new ATH above $89,000. The Meme Coins market cap has crossed the $100 billion mark at $110.26 billion. With more than 50% of its market cap concentrated in Dogecoin's $58.60 billion market cap, smaller-cap Meme Coins showcases a massive upside potential.
FLOKI has made impressive gains, spurred by bullish market sentiment and technical momentum.
Pepe shows promise to outperform Floki in upcoming 2025 memecoin supercycle.
The memecoin market is showing strong bullish signals as FLOKI price and PEPE price prepare for potential breakout rallies. Both tokens have recently formed bullish pennant patterns, a technical indicator that often precedes upward movement, hinting at renewed investor interest.
Under the influence of the crypto market rally past the US election result, all the altcoins, including FLOKI price, rallied heavily. After Donald Trump won the election on November 6, its price jumped from $0.00012 to $0.0001479.
Floki edges closer to a breakout as market momentum and technical signals align for potential gains.
Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial analysis had been invalidated and mentioned what was next for the Shiba Inu competitor with this development.
Here are the key levels to watch as FLOKI's accumulation trend picks up momentum.
FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline.
With the Bitcoin price inching closer to a new all-time high above the $73,800 mark, the meme coins are expressing a massive uptrend at play. The dog-themed meme coins rank high among the top performers in this bull run.
Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto's meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion. Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively.
Floki's bullish pennant formation, along with favorable technical metrics, signals a possible breakout.
Dogecoin (DOGE) is leading the meme coin market recovery supported by other players like Shiba Inu, POPCAT, and FLOKI with each gaining 10-15%.
Floki Inu (FLOKI) is having a hard time because of bearish patterns in the market, which is making buyers nervous. Some predictions say the price could go up by 220%, hitting $0.00044 by November 26, 2024.
Floki's overall market sentiment remains positive, with 20 day EMA crossing over 200 day EMA.
Popcat has hit a new all-time high, rising above popular meme coins like Bonk and Floki, fueled by a surge in its futures open interest. Popcat (POPCAT) rose 17.8% over the past day, exchanging hands at $1.66 when writing.
Renowned market analyst Scofield has triggered a stir in the meme cryptocurrency space, revealing how Floki Inu (FLOKI) differs from other top-themed coins. That comes after Floki launched its recent auto-burn mechanism, and Scofield believes that gave the assets bragging rights over Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE).
Mixed reactions surround FLOKI's next move, a further drop seems more likely.
A crypto veteran who has earned the “Master Trader” rank on the digital asset exchange Bybit is mapping a bullish path forward for top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 285,600 followers on the social media platform X that DOGE looks strong on all time frames.
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.
