Floki Inu has started to attract attention in the market again, supported by its strong community and the projects it is working on. But we need to be aware that it is a meme coin, which means its movement can be fast and surprising, whether upward or downward.
Current price and market movement:
The current price is about $0.00010418.
The market cap is approximately $960 million, and its ranking is 79 among cryptocurrencies.
The daily trading volume is above $141 million, reflecting strong activity and liquidity.
Last June, Floki tried to break strong levels but failed at $0.000286 and dropped about 26%. However, current indicators show that there is a chance for a short-term rise.
The main support and resistance levels:
Strong support: between $0.000094 and $0.000099, and if we break it, we might see $0.000088 or even $0.000080.
First resistance: between $0.000113 and $0.000121, and if we break it, we might reach $0.000105.
📉 Technical indicators
The 50-day moving average is at 0.000082 – this is positive.
The 200-day moving average is at 0.000097 – supporting the rise in the long term.
The Relative Strength Index (RSI) is around 65, meaning there is room for an increase before entering the overbought zone.
Potential scenarios:
In case of a rise: If the price breaks 0.000113 with strong trading volumes, it could continue to 0.000150 and beyond.
In case of a drop: If volumes decrease and reversal signals appear, we could drop to $0.000088 or even $0.000080.
Summary:
Floki is currently in a relatively good position, especially with projects like the Valhalla game and the FlokiFi platform. But since it is a meme coin, caution is required, and those who enter must set a stop loss.
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