Major Breakout Looms, Analysing Path To $0.0005
The post Major Breakout Looms, Analysing Path To $0.0005 appeared on BitcoinEthereumNews.com.
Floki Price Forecast: FLOKI, a popular meme coin, has gained traction in the market after a recent rebound. The meme coin is hovering above $0.00017, with ascending market indicators suggesting a bullish trend. At the time of reporting, Floki price is trading at $0.0001734, with a surge of 3% during European business hours. According to data from CoinMarketCap, the current market cap has risen to approximately $1.66 billion, marking an increase of 2.80%. Notably, the trading volume has spiked by 47% in the past 24 hours, reaching $226 million, underscoring the increasing investor interest and market activity surrounding this cryptocurrency. Floki Price Forecast: Is $0.0005 a Realistic Target for the Meme Coin? The meme cryptocurrency sector has experienced a downturn today, July 2, with popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) witnessing declines. Despite this slump, Floki has bucked the trend, posting a modest gain. Floki Price Prediction Over the last week, Floki has enjoyed a 4% increase in value. Currently, the coin fluctuates within a narrow price range of $0.00016 to $0.00018, marking a notable appreciation in its market price. Technical Indicators and Future Outlook The meme coin FLOKI could encounter a major obstacle if it surpasses the $0.00018 mark, with a strong resistance point at $0.0002. If it sustain above this threshold, the path could open for an upward move toward $0.0003. A continued rally might even take it to $0.0005. On the flip side, a decline below $0.00017 might send FLOKI down to its lower support trendline at $0.00016. Further market downturns could pressure it to a support level of $0.00015. This could indicate a bearish trend for the coin. The 4-hour technical indicators for FLOKI suggest a neutral-to-slightly bullish sentiment among traders. The Moving Average Convergence Divergence (MACD) shows a positive crossover.…
Filed under: News - @ July 2, 2024 3:26 pm