FLOKI Price Crashes As Retail Investors Race to Swap For This Other Coin
Deep dive into the latest FLOKI price analysis and uncover why Floki Inu (FLOKI) is making waves in the meme coin world. Despite market fluctuations, it has tremendous potential.
Despite volatility, Floki Inu is dominating the meme coin scene right now, edging out Dogwifhat (WIF) in both market cap and social media popularity.
Even as the global crypto market cap falls by -3.48%, Floki Inu holds its ground with strategic resilience.
Long term bullish on $FLOKI because they keep building, bought last year for this main reason, and things have only improved
Trust the dog 🐕
— The CryptoBull (@TheCryptoBull77) June 11, 2024
FLOKI Price Analysis: Floki Inu Technical Analysis – Unpacking the Bearish Trend
The entire crypto market is blood red, with meme coins getting hit the hardest – as tokens with no inherent value often do.
Floki Inu (FLOKI) is riding out a bearish streak with support holding at $0.00002450 and $0.00002420.
On the upside, resistance zones are set at $0.00002500 and $0.00002550. Trading below both the 20-day and 200-day SMAs, the bearish vibe lingers.
On the upside, resistance zones are set at $0.00002500 and $0.00002550. Trading below both the 20-day and 200-day SMAs, the bearish vibe lingers.
With an RSI of 39.23, Floki Inu flirts with oversold territory. Trading at $0.0002414 near the lower band, a rebound could come, but right now, it’s a falling knife—sharp decline, no clear reversal. Traders tread carefully
FLOKI vs. WIF: Market Cap Showdown
FLOKI and DogWifHat are neck and neck in market cap, with WIF holding a slight edge at 42nd place and FLOKI at 45th.
Recently, AMBCrypto and Santiment data are revealing a shift with WIF losing social media traction as FLOKI gains momentum.
Despite its positive price movement and social media presence, there are some hurdles for this coin:
- Network Growth: New user engagement is waning, hinting at a decline in fresh interest.
- Velocity: Trading frequency is down, reflecting a dip in market action
DISCOVER: The Best Solana Meme Coins to Buy in June 2024
This Blockchain Game Could Be Better Than – Don’t Miss Out
DogWifHat and Floki might rule the current doggy meme coin scene, but PlayDoge is poised to steal the spotlight.
This new play-to-earn game on Binance is gaining traction fast, becoming a GameFi and meme favorite.
In PlayDoge, players earn PLAY tokens by raising a virtual doge and embarking on adventures. Think Tamagotchi 2.0 on the blockchain.
With a presale of over $3 million (wow, that was quick) some predict a 10x surge post-launch. PlayDoge aims to bring back the Tamagotchi magic. Analysts are bullish, with Technopedia calling it a top token contender for the year.
Pick Up Your PlayDoge Bag Here At The Presale
EXPLORE: VanEck Sees Ethereum Soaring To $22,000 by 2030: Here’s Why
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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