The post $FLOKI Demonstrates Strength with 40% Weekly Growth appeared on BitcoinEthereumNews.com.

TLDR FLOKI surged 40.72% over 7 days despite a recent 6.01% daily decline Trading volume reached $1.37 billion with $1.88 billion market cap New wallet addresses increased by 331.93%, showing strong network growth Futures market saw 10.05% drop in Open Interest to $28.48 million Technical indicators remain bullish with RSI at 64 and positive MACD FLOKI, the cryptocurrency that has captured market attention, has recorded a substantial 40.72% increase over the past seven days, despite experiencing a 6.01% decline in the last 24 hours. The token, trading at $0.000194 at press time, has shown remarkable strength in both price action and network metrics. The token’s trading volume has maintained robust levels, reaching $1.37 billion in the past 24 hours. This high trading activity suggests strong market participation and sustained interest from traders and investors alike. With a circulating supply of 9.7 trillion tokens, FLOKI’s market capitalization stands at $1.88 billion. Technical analysis reveals important price levels that traders are watching closely. The upper Bollinger Band at $0.00021499 serves as a key resistance level, while $0.00009907 represents crucial support. The middle band at $0.00014949 acts as a pivot point, potentially influencing short-term price movements. The token’s technical indicators paint a bullish picture. The Relative Strength Index (RSI) reading of 64 suggests strong momentum without entering overbought territory. This indicates potential room for further upside movement. Additionally, the Moving Average Convergence Divergence (MACD) displays positive momentum, reinforcing the bullish sentiment. FLOKI Price on CoinGecko Adding to the technical outlook, the Chaikin Money Flow (CMF) registers at 0.18, indicating sustained buying pressure in the market. This metric suggests that despite the recent daily pullback, buyers maintain control of the overall trend. The futures market has shown interesting developments during this period. Open Interest in FLOKI futures contracts has decreased by 10.05%, currently standing…

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Filed under: News - @ November 14, 2024 3:24 pm