FLOKI coin jumps after new partnerships.. and technical movements warn of an upcoming explosion?
📆 Monday, June 2, 2025 – Binance Square
In a new and exciting development, the Floki platform announced a series of marketing and technical partnerships that triggered a wave of interest around the famous FLOKI coin, which is linked to the character 'Floki' from the Vikings series.
Highlights announced in recent days:
🔹 A wide new marketing campaign in Asia and Europe.
🔹 Ongoing support for the Valhalla metaverse project associated with the coin.
🔹 Renewed social momentum from the FLOKI community on Twitter and Telegram.
These developments have led to a price increase of +17% over 48 hours, and an increase in trading volume, but is the news momentum enough for sustainable growth?
🔍 Quick technical overview (4-hour interval – Binance)
Despite the media momentum, the coin has shown a sideways and limited movement around the level of 0.0000841 USDT.
📊 Current key indicators:
Current resistance: 0.00008733
Nearby support: 0.00007921
The price is still below the EMA 25 and 99 averages, indicating that the negative trend remains in the short term.
The RSI indicator is at 40, reflecting a current weakness in buying momentum.
A timid crossover on the MACD with a slight positive tilt, but without clear confirmation.
Stoch RSI is in the overbought zone, which may precede a corrective movement.
✅ Summary and Recommendation
The coin is currently undergoing a consolidation phase that may precede a strong movement, but:
⚠️ Entry is not advised until a confirmed breakout of 0.00008733 with a strong candle and high trading volume.
Otherwise, the current sideways range may continue or see a test of support again.
📢 Are you following FLOKI? Do you think it deserves a spot in your portfolio? Share your opinion in the comments 👇
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