📆 Monday, June 2, 2025 – Binance Square
In a new and exciting development, the Floki platform announced a series of marketing and technical partnerships that have sparked a wave of interest around the famous FLOKI currency, which is associated with the character 'Floki' from the series Vikings.
Some highlights announced in the past few days:
🔹 A new extensive marketing campaign in Asia and Europe.
🔹 Continuous support for the Valhalla metaverse project associated with the currency.
🔹 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 currency has shown sideways and limited movement around the level of 0.0000841 USDT.
📊 Some of the 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 place in the short term.
RSI index at 40, reflecting weak buying momentum currently.
A timid cross on the MACD with a slight positive inclination, but without clear confirmation.
Stoch RSI is in the overbought zone, which may precede a corrective movement.
✅ Summary and recommendation
The currency is currently in a consolidation phase that may precede a strong movement, but:
⚠️ Entry is not recommended until a breakout of 0.00008733 is confirmed 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 place in your portfolio? Share your opinion in the comments 👇
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