The post Could $0.002 Be Incoming This July and What About PlayDoge? appeared on BitcoinEthereumNews.com.

Floki (FLOKI), one of the world’s largest meme coins, has been on a wild ride recently. As we enter July, speculation is ramping up about whether FLOKI could break the $0.002 barrier this month – or whether the token will continue to trade sideways. FLOKI Takes a Breather, But Still a Top-Traded Meme Coin Let’s take a closer look at where FLOKI stands right now. The token is currently camped out at $0.000173, taking a breather after its volatile price action in May and June. Since mid-June, FLOKI’s been trading sideways while other meme coins have rallied. Sure, the token is down 50% from its June 5 all-time high. But zoom out a bit, and you’ll see it’s still up 97% since the beginning of 2024. Not bad for a meme coin that attracts far fewer headlines than the likes of PEPE and WIF. On the technical front, FLOKI’s been struggling with key moving averages. It’s tapped the 200-day exponential moving average (EMA) for support but can’t seem to break through the 50-day EMA resistance. That’s classic range-bound behavior. But here’s where it gets interesting: spot volumes have surged 32% to $297 million, making FLOKI the 5th most traded meme coin. And with open interest creeping up to $20 million, it seems traders are positioning themselves for a potential breakout. Can FLOKI Hit $0.002 This Month? So, can FLOKI hit the $0.002 mark this month? Well, let’s break it down. That would require a 16% jump in FLOKI’s price. For most altcoins, that would be a sharp rally – but FLOKI has made that leap countless times in its lifespan. In fact, the token even pulled off a rise like that in a single day back in May. Recently, FLOKI’s team has been stirring the pot. They teased a “leak”…

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Filed under: News - @ July 3, 2024 5:26 pm