NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

End Of The Road For FLOKI? Analyst Predicts 80% Crash For The Shiba Inu Competitor

Scott Matherson
Scott Matherson
11 months ago
3 mins read
FLOKI

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Shiba Inu competitor FLOKI has been one of the best performers this year and continues to maintain a high level in the market. Its price has more than doubled in 2024, prompting an influx of new investments into the meme coin. However, as investors throw money at FLOKI, one analyst expects this increase to be short-lived, predicting a massive price crash for the altcoin.

FLOKI Poised For A Rally And Then A Dump

Crypto analyst iMoneyTeam has predicted a dump for the FLOKI price that could erase all of the meme coin’s gains from the last few months. The analysis, which was posted on the TradingView platform, tracks the movement of FLOKI over the last few months in a bid to predict where the price is headed next. As the crypto analyst explains, the price has reached a “bearish iCH” in the internal structure, which has created “an internal pullback,” depicted on the chart below.

FLOKI price chart from Tradingview.com
Source: Tradingview.com

Related Reading

Shibarium shiba Inu

Shiba Inu’s Shibarium Sees Triple-Digit Surge Across Major Metrics, What’s Going On?

1 year ago

This is evident in the price pullback that has rocked the meme coin in the month of June so far. However, where a recovery is usually expected for an asset in this situation and a continuation of the rally, the crypto analyst believes that it is a setup for further pullback.

For now though, the analyst identifies that there is still a lot of bullish pressure on the meme coin. This comes even as its price has broken a trend line, which would usually be bearish. But in this case, the bullish pressure could help the price hold its position. From here, there could be a recovery in price toward new all-time highs. However, after this is when the real problem begins for the cryptocurrency.

Multiple Targets For The Meme Coin

Going by iMoneyTeam’s prediction, before the FLOKI price will crash, there will be an increase in price. The chart shows a recovery to as high a $0.00044, which is an almost 60% increase in the meme coin’s price at the time of this writing. However, following this, the crypto analyst expects the Shiba Inu competitor to hit a supply zone, which will begin its decline.

Related Reading

Ethereum foundation

Ethereum Foundation Moves $64.4 Million Worth Of ETH, Is This A Dump?

1 year ago

Once the price starts to fall, the analyst expects the price to fall to as low as $0.00006. Now, from the current price of $0.00018, it would mean an 80% decline in price. However, if the price does hit a new all-time high price of $0.00044, as the analyst predicts before falling, then a crash to $0.00006 would mean an 86% decline.

In terms of when this could happen, the crypto analyst does not give a timeline of events. However, the chart shows that the price would hit a demand zone around $0.00006, which would suggest that would be the bottom for the crash.

FLOKI price chart from Tradingview.com
Price struggles from crash | Source: FLOKIUSDT on Tradingview.com
Featured image from Asia Crypto Today, chart from Tradingview.com
Tweet123Share196ShareSend
Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst

Reports have disclosed that XRP community commentator Versan Aljarrah says XRP could gain a link to gold without actually holding...

Christian Encila 2 days ago
XRP

$1K XRP Millionaire Promise: Fact Or Fantasy?

Xena, a well‐known voice in the XRP community, has put a bold target on the table. She says that if...

Christian Encila 2 days ago
Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Bitcoin (BTC) is facing renewed downward pressure as it struggles to maintain levels above $115,000. At the time of writing,...

Samuel Edyme 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Meme coin season 2025: welke 3 altcoins klimmen explosief deze cyclus?

Meme coin season 2025: welke 3 altcoins klimmen explosief deze cyclus?

Lars Diederiksen 2 days ago
Bitcoin

Bitcoin From 2009 Awakens—Is The $30-M Move A Warning Sign?

Christian Encila 2 days ago
Bitcoin

Satoshimeter Shows Where Bitcoin Price Is In This Cycle

Scott Matherson 2 days ago

Premium Sponsors

Press Releases

  • EU Gov Awards €1.5M to a US-led Decentralized AI Project...

    14 hours ago
  • Use Quid Miner cloud mining mobile app: easily earn passive...

    3 days ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    3 days ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    3 days ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    3 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.