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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

Rubmar Garcia
Rubmar Garcia
1 year ago
3 mins read
crypto, Floki Inu, Solana

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Ad discliamer

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Floki Inu (FLOKI) performed stellarly this month, with crypto analysts and traders forecasting bullish moves for the token. As the crypto market recovers from its slowdown, with Bitcoin (BTC) leading the way, the dog-themed token appears to be preparing to take off.

Related Reading

Dogecoin Soars 17% To Break $0.21 As Volume Explodes

1 year ago

Analysts Share Bullish Forecasts For FLOKI’s Future

Two weeks ago, analysts considered that FLOKI was showing a strong performance amid the crypto market slowdown. The token, which has been on an upward trajectory since the end of February, “held up nicely” at the time.

While most of the market registered considerable dips, FLOKI was one of the tokens “consolidating before another expansion.” Halfway through the month, the Viking dog-themed cryptocurrency had shown a 337% growth since March 1st, after hovering between $0.000028-$0.000039 for the first two months of 2024.

Now that March is near its end, FLOKI exhibits a staggering 428.3% increase in the last 30 days. This performance didn’t go unnoticed by crypto analysts, who forecast new heights for the token.

MacroCRG, a crypto trader and market analyst, shared his thoughts on the token’s price. The analyst considers that beyond FLOKI’s impressive performance throughout the month, it was “showing strength on LTF’s too.”

$DOGE leading the charge, just hit a fresh 121 week high

This is wildly bullish for other blue chip memes$FLOKI showing strength on LTF's too

As long as this recent low holds, fresh highs soon IMO pic.twitter.com/cmPn89x7a7

— CRG (@MacroCRG) March 28, 2024

In the post’s chart, the trader highlighted the performance since Monday, pointing out the token’s support zone above the $0.00022 price range. According to MacroCRG, “as long as this recent low holds, fresh highs soon.”

Similarly to MacroCRG, analyst Crypto Kaleo drew attention to the dog-themed token’s LFT, claiming it looks like it’s “starting to send.”

Something like this for $FLOKI pic.twitter.com/dEUa9pBUvi

— K A L E O (@CryptoKaleo) March 28, 2024

In his posts, Kaleo suggested to his followers “not to sleep on FLOKI here.” According to the analyst, the token won’t be “lagging behind ATH resistance too much longer.”  He concluded that sooner rather than later, FLOKI could make new heights “like the DOGE chart.”

Lastly, crypto analyst The CryptoBull shared his bullish prediction about the token, suggesting it is going through a “beautiful re-accumulation phase.” Additionally, the analyst stated he noticed a shift in interest for the dog-themed memecoin, as “crypto is very momentum driven.”

FLOKI Price Action

As of this writing, FLOKI has surged 7.7 % in the past hour, with the price briefly surpassing the $0.000260 mark before retracing to the $0.000255 level.

In the last 24 hours, the token has increased 9.8%, trading at $0.0002554. Despite the remarkable long-term performance and the recent surge, the token is still registering a 10.6% correction from its performance in the biweekly timeframe.

Its market capitalization rose to $2.39 billion, an 8.4% surge in the past day. By this metric, FLOKI is the fifth largest memecoin and the 56th largest cryptocurrency, according to CoinMarketCap data.

Moreover, the daily trading volume suggests that the token has recently experienced a surge in market activity. It has increased 56.6% from the day before, with $690.6 million traded.

Related Reading

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Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How

1 year ago

FLOKI, FLOKIUSDT, Crypto

Floki is trading at $0.000263 in the 3-day chart. Source: FLOKIUSDT on Tradingview.com 
Featured Image from Unsplash.com, Chart from TradingView.com
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Rubmar Garcia
Rubmar Garcia

Rubmar Garcia

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

Read more

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

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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.

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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.

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