- A 17.46% positive upsurge has been observed in the FLOKI price during the weekly trading session.
- The trading volume has decreased by 45.68% in the last 24 hours.
- The all-time high price level of Floki crypto stands at the $0.0003437 level.
With over 55% of Whales holding, Floki (FLOKI) is the people’s cryptocurrency, a utility token. The project is primarily focused on providing NFT gaming, decentralized finance, an NFT merchandise marketplace, and a University of Floki platform.
Crypto has been buzzing since February 2024. The Viking-themed coin gained much appreciation from the community, which positively impacted the price in Feb and Mar 2024.
A Bullish Race to $0.000283 Mark! Floki Price Performance
Floki crypto price captured much appreciation from buyers at the end of February and early March 2024. The crypto recorded over 1000% impulsive bullish rally during that period. That reflects the trust of the community and traders behind Viking Crypto. However, the initial profit bookings started at the $0.000390 level.
Subsequently, the FLOKI price lost almost 70% of its value until it reached the $0.000117 crucial demand zone. On the other hand, the buyers were sitting with keen eyes on that demand zone, which resulted in the current bullish rally. Additionally, the Viking crypto outperforms the Ethereum ecosystem cryptocurrencies.
Price Volatility & Social Dominance Analysis
At the end of February 2024, a massive rise in social tweets about Floki crypto can be seen. Conversely, the price was also positively influenced by the hike in social sentiments.
That shows the major drivers behind the growth of this particular crypto. After April 17, social buzz gained momentum on social platforms, influencing the current price, as seen in the chart.
Technical Analysis of the Floki (FLOKI/USD)
The bullish outlook lies above the key exponential moving averages, indicating an uptrend. The current price rebounded the 50-day EMA from below, indicating a bullish trend continuation.
FLOKI price has shown a strong bullish reaction from the $0.000117 demand zone, resulting in the breakout of a trendline forming above. Afterward, the price made a short-term low at the $0.000156 level and broke above the $0.000208 minor level. Regarding the technicals, the FlOKI price currently reflects a bullish outlook.
The relative strength index (RSI) shows bullish momentum in the current trading phase. This indicates the bullish domination in the current trading phase. The RSI is moving at 60.53 while taking multiple support on the SMA line.
Summary
FLOKI crypto price has faced bearish remarks since mid-March 2024 while following a trendline. However, the price has shown strong bullish strength from the $0.000117 demand zone. The price reflected over 70% upsurge from that zone and reached the $0.000208 supply level. It is moving upward and reflects a bullish outlook regarding the technicals.
Technical Levels
The immediate resistance for the FLOKI price was $0.000283, and the $0.000096 level was the next support. If the price breaks any of these mentioned levels, the price may be seen moving in that direction.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
