Floki Price Prediction: FLOKI Pumps 14% In A Week, But Experts Are Bullish On This New Meme Coin As The Paralympics Kick Off
The Floki price surged by a fraction of a percentage in the last 24 hours and 14% in the last week to trade at $0.0001527 as of 00:41 a.m. EST, on trading volume that dropped 11% to $791 million.
According to on-chain metrics from IntoTheBlock, holders making money at the current price are higher, with a 75% surge.
Floki Price To Continue Soaring
The Floki price has been on a tear in the last week, as FLOKI soared from the $0.00012 level, but the bulls have been unable to breach the $0.000160, according to data from GeckoTerminal .
The recent price movements in the last seven days have formed an ascending triangle pattern as the bulls aim to sustain the bullish stance over the triangle.
FLOKI now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the current bullish rally.
The Relative Strength Index (RSI) trades in equilibrium at 52 but shows signs of an uptrend.
If the bulls peak momentum at this level, FLOKI could soar above the triangle, as they target $0.000180. The 50-day SMA has now surpassed the 200-day SMA, forming a golden cross at $0.0001389, which further adds to the bullish prospects.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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