- Floki has witnessed a significant surge in its trading volume over the last few days.
- In the previous 1 year, the price of the FLOKI has advanced by 502%.
About three years ago, the price of the FLOKI crypto hit its all-time low price. The price since then has been consistently advancing, trading at 967531% above the all-time low price as of press time.
The technical chart showed strong bullish price action of FLOKI crypto. From the press time, the crypto price has advanced by 17% in the last 24 hours.
The trading volume for the Floki crypto further has witnessed a surge of 37.2% in the last 24 hours, indicating an excellent engagement of traders for the crypto.
The market cap of $1.845B makes the Floki crypto world’s 54th largest cryptocurrency. Also, the value of the crypto traded volume is $292.627M, which was recorded 24 hours after press time.
Floki has perfect liquidity, as 15.75% of its market cap has been traded in the last 24 hours. The crypto also has a circulating supply of 9.570T FLOKI, and the fully diluted crypto market cap is $1.868B.
The supply inflation of crypto is very low, which results in 1.44%, while the price volatility of crypto is very high, which results in 13.15%. Also, the market cap dominance of the crypto is 0.08% at the time of writing.
As per Coincodex, the sentiment of the crypto is bullish, and the fear and greed index of the crypto is at 67, indicating greed among investors.
Floki Crypto Derivatives Data Overview
The liquidations in the Floki crypto have declined recently, showing low activity in profit booking. Moreover, higher shorts have been liquidated in the last 24 hours.
Additionally, the value of the short liquidation for the crypto is $154.3K. The derivatives volume further has witnessed an advance of 58% in the last 24 hours.
The open interest in crypto further advanced by 42%, resulting in $14.02 at press time. Also, the long/short ratio of the crypto is 1.0165 as of press time.
What Does Different Sentiment Indicate For Floki Crypto?
The weighted sentiment of the crypto has declined to particular lows, following which both the positive and negative sentiments are declining. This showed that there is no significant activity in the crypto.
What Special Does FLOKI Crypto Chart Has For Investors?
The price of the FLOKI crypto was trading inside a symmetric triangle pattern for a long time and has recently broken out of the same pattern.
The breakout in the crypto is followed by a morning star pattern from the most recent swing low. The following price action might increase the price in the coming days.
FLOKI/USD Chart by TradingView.com
The FLOKI crypto price has recently broken above the 50-day and 200-day EMAs are trading in a golden cross. The price further follows a bullish momentum supported by bullish candlesticks.
The RSI has also broken above the 50-level and is trading at 56.6 when writing on the daily chart. It also broke above the 14-day SMA, where bullish momentum was witnessed.
The MACD has also formed a bullish cross of the MACD and the signal line, but the following metrics are in negative territory at press time. If the metrics further advance above the zero level, a good surge in momentum can be seen.
Summary
Floki crypto’s breakout from a symmetric triangle pattern, accompanied by bullish price action and increasing trading volume, signals potential upward movement.
Positive sentiment, low liquidations, and technical indicators like the Golden Cross and RSI above 50 support bullish momentum. MACD’s bullish cross hints at further price surge if metrics improve.
Technical Levels:
- Support Levels: $0.0000920 and $0.000140
- Resistance Levels: $0.000210 and $0.00030
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.