2)#Floki
$FLOKI is a meme-inspired cryptocurrency that has evolved dramatically since its inception as a playful tribute to Elon Musk's Shiba Inu dog. The core of Floki's ecosystem includes Valhalla, an NFT gaming Metaverse that allows players to earn rewards through engaging activities such as battles and asset trading.
Amid the current market consolidation, Floki price saw weak upward momentum, leading to a reversal from $0.000313. This downward shift sent the meme coin falling 16% to trade at $0.0000259, while the market cap fell to $2.44 billion.
If supply compression occurs, the coin price may fall another 20% to seek support at the uptrend line. This dynamic support holds an upward trajectory for about three months and could restore the exhausted upward momentum in FLOKI.
A potential bounce from this lower bound could push the asset beyond the $0.0000313 ceiling.