#shiba⚡ Shiba Inu Team Shares New Milestone as SHIB Holders Surpass 1.5 Million
Shiba Inu maintains steady growth as the number of holders nears the 2 million mark On April 22, Shiba Inu executive Lucie announced a major community milestone via an X post, showcasing the dog-themed token’s steady growth since its launch in late 2020.
According to the post, Shiba Inu (SHIB), built on the Ethereum blockchain, has now surpassed 1,508,012 on-chain holders, a significant achievement that highlights sustained interest from both long-time supporters and new adopters.
This milestone coincides with the broader crypto market rally, which saw global market capitalization rise by 4.16%, alongside a 17.60% spike in trading volume, per CoinMarketCap data. As Bitcoin led the way, most altcoins followed with notable gains. SHIB recorded a strong 6.23% price increase, while its trading volume also jumped by 22.02%, reflecting the growing momentum. At the time of writing, SHIB is priced at $0.00001310, a level it last touched on April 1.
15.3 million transfers stun SHIB ecosystem Alongside its expanding holder base, the SHIB network recently recorded another major achievement: 15,360,568 total transfers. This surge in network activity highlights the active participation of the SHIB community in moving tokens between wallets, exchanges, and DeFi protocols.
Much of this growth is credited to the SHIB team’s continued focus on expansion efforts, including initiatives like the SHIB burn strategy, which aims to boost long-term token value by reducing supply.
Lucie praised the community's progress and hinted at the next big goal, 2 million holders, a number many believe is within reach given the current momentum. Community responses to Lucie's post were overwhelmingly positive, with several users expressing confidence in SHIB’s continued rise.
Analyst Shares Why Those Who Sell Their XRP Will Regret in the Coming Months
XRP has been experiencing a rollercoaster ride in recent months, and according to Edoardo Farina, the worst mistake investors could make right now is to sell their holdings.
Following a period of bearish pressure that began in February, the broader crypto market, including XRP, took a hit. XRP plummeted by nearly 30% in February 2025, followed by a more modest decline of 2.56% in March. The start of April didn’t look promising either, as the asset slumped to a five-month low of $1.61 on April 7.
However, signs of a broader market recovery have emerged. Bitcoin rallied from lows of $80,000 to $93,000, lifting sentiment across the crypto scene. XRP also began to recover, albeit at a slower pace.
On April 22, the token surged by 6.18%, then traded sideways the following day. It managed to touch $2.30 before easing to its current price of $2.17. This steady rebound has bolstered speculation of an upcoming breakout, and Farina has doubled down on his bullish outlook.
Edoardo Farina Warns Against Selling XRP Now Farina, founder of Alpha Lions Academy, believes XRP is on the brink of a major move and warns against selling now.
According to a recent video commentary on X, he suggested that the massive red candle that struck both Bitcoin and XRP due to earlier market tensions, largely tied to geopolitical and economic uncertainties such as U.S. tariffs, has been fully neutralized.
He stressed that this bearish phase is over and suggested that a reversal pattern has already formed on XRP’s chart. As a result, Farina claimed, “Anyone who dares to click the sell button is gonna regret massively in the next months to come.”
Potentially Bullish Macro Factors He explained that major developments, such as the easing impact of tariffs and positive chart trends, have massively changed the trajectory for XRP in a positive way.
The Shiba Inu (SHIB) memecoin shows encouraging signs of recovery with an 8.6% growth over the past seven days. While Bitcoin continues to lead the crypto bull market, SHIB is attempting to break through a major technical resistance that could determine its trajectory in the coming weeks
SHIB rises 8.6% and tests a major barrier Shiba Inu is currently trading at $0.00001292, after rising 1.94% in the last 24 hours, according to CoinMarketCap data. The canine crypto now faces a significant psychological resistance at $0.000013, a level it has not been able to sustainably break through for several weeks.
Trading volume surged 14.44%, reaching $173.83 million, showing a significant renewed interest from investors. This increase in activity comes at an opportune moment to support a potential bullish breakout.
The SHIB community is actively contributing to this positive momentum through its deflationary mechanism. A spectacular burn rate of 3,227% was recently recorded, with 888.4 million tokens destroyed via the ShibTorch platform. This reduction of circulating supply aims to exert upward pressure on the price in the medium term. $SHIB
Canary Capital Files for Tron ETF With Staking Capabilities
The Securities and Exchange just days ago postponed its decision on Grayscale’s request to add staking to its ethereum ETF products. Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing.
The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.
This would be done through third-party providers, with BitGo acting as custodian for the assets. The fund would track TRX’s spot price using CoinDesk Indices calculations.
A proposed ticker as well as the management fee for the product have not been shared yet.
Issuers had initially filed applications for spot ethereum (ETH) ETFs with the staking feature included but removed them in an amended filing later in order to receive approval from the SEC on their proposals.
While the SEC under former Chair Gary Gensler was strictly against staking, issuers have grown more hopeful that they will be able to add the feature to their spot ether funds, among others, with the appointment of crypto-friendly Chair Paul Atkins.
A decision on a February request from Grayscale to allow staking in the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) was postponed by the regulator just a few days ago. $TRX
Dogecoin Could See Massive Price Rebound Anytime Soon as Analyst Highlights Dragonfly Doji and Mean Reversion Theory
Dogecoin (DOGE) may be about to undergo a bullish reversal, according to crypto researcher Trader Tardigrade, who recently provided important technical insights on X.
The appearance of a Dragonfly Doji candlestick and Dogecoin’s macro-level adherence to the Mean Reversion theory were two noteworthy patterns Tardigrade pointed out in his analysis. Following a protracted downward trend, both signs point to a potential upward advance for DOGE.
Dragonfly Doji Signals Potential Trend Reversal Dogecoin’s daily candle ended with a Dragonfly Doji, a candlestick pattern frequently linked to trend reversals, as noted by trader Tardigrade. This pattern, characterized by a large lower shadow and little to no upper shadow, occurs when the opening, high, and closing prices are nearly identical.
When the Dragonfly Doji appears after a downtrend, technical analysts typically view it as a bullish reversal signal. It indicates that buyers may be stepping in to drive prices higher as selling pressure diminishes.
Mean Reversion Theory Suggests Dogecoin Could Climb Higher Furthermore, Trader Tardigrade also pointed out that Dogecoin’s price movement is consistent with the Mean Reversion hypothesis. This financial concept suggests that asset prices tend to return to their long-term historical average. In addition to the candlestick pattern, the theory indicates a potential upward trend.
Despite recent price fluctuations, DOGE’s macro trend suggests a return to higher price levels, according to his analysis, which shows that the asset is tracking a yellow-dotted mean reversion line.
For traders seeking potential buy zones, the mean reversion theory can be a valuable tool.
Can FET Price Hit $3 Amid 5M Token Burn Plan & Soaring AI Hype?
With the upcoming 5M token burn and growing AI hype, the FET price could target the brief $3 mark. Investors are closely watching the impact.
Fetch AI, now the Artificial Superintelligence Alliance (ASI) after merging with Ocean Protocol and SingularityNET, is poised for growth amid recent developments. The planned burn of 5 million FET tokens in January 2025 aims to reduce supply, sparking optimism among investors. With the growing hype around decentralized AI, many are speculating that FET price could hit $3 soon.
Impact of the 5M Token Burn on FET Price On January 4, Fetch AI’s co-founder Humayun Sheikh announced that a significant 5 million FET token burn is scheduled to take place on January 10. This initiative aims to reduce the total supply of FET tokens, which is expected to enhance their value by creating scarcity in the market. In addition to the token burn, Fetch AI has already completed its strategic merger with Ocean Protocol and SingularityNET, resulting in the formation of the Artificial Superintelligence Alliance (ASI). This merger strengthens its position in the decentralized AI sector, offering a competitive alternative to the centralized control over AI development by tech giants. The alliance combines the resources of Fetch AI, SingularityNET, and Ocean Protocol to accelerate the development of decentralized AI technologies.
The merger also paves the way for the ASI token, a combined token for all three projects. It could further boost the FET price and impact the market. The community’s high expectations for its price growth make this a crucial period for the project.
What’s Next For The AI Token? The Artificial Superintelligence Alliance (FET) has been steadily climbing as anticipation builds around the upcoming 5 million FET token burn. Currently, FET price traded at $1.47, reflecting a 2% increase in the last 24 hours. The token’s price fluctuated between $1.44 and $1.50 in the same time frame, signaling stable demand in the market. $FET
#pepe⚡ PEPE Flips UNI and LTC, Surges Past $11 Billion Market Cap to New Record
Whales increased their PEPE holdings by $1.14 billion over the weekend, pointing to strong institutional interest, according to one analyst.
Meme coin Pepe (PEPE) has reached new heights, breaking past a market cap of $11.37 billion and overtaking Uniswap (UNI) and Litecoin (LTC).
The feat comes as Bitcoin (BTC) crossed the $100,000 threshold for the first time, marking a renewed wave of optimism across the crypto market.
PEPE has witnessed a 4.5% surge in the past 24 hours, achieving an all-time high price of $0.00002708, per CoinGecko data. The asset is now ranked 23rd overall by market cap.
Meme coins are thriving this year, especially since the launch of the controversial Solana-based meme coin launchpad Pump.fun which allows anyone to create a token for free.
This year’s rally has made PEPE one of the market's most-watched tokens, with a 150% increase over the last 30 days and a 1,900% year-to-date gain.
Analysts credit a combination of whale activity and increased accessibility through platforms like MoonPay for the meme coin’s continued success.
Crypto analyst Ali Martinez reported whales increased their PEPE holdings by $1.14 billion over the weekend, nodding to strong institutional interest. Historically, such accumulation has preceded price rallies, as whales lay the foundation for bullish momentum.
The whale activity surge comes alongside PEPE integration into MoonPay, as the crypto payment service now allows over 20 million users across 180 countries to purchase the token via platforms like Apple Pay and Venmo.
As Bitcoin leads the charge and meme coins ride the wave of investor enthusiasm, the market is seeing a reshuffling of top-ranking digital assets.
Launched in April 2023, PEPE is based on the iconic “Pepe the Frog” internet meme created by artist Matt Furie in 2005.
The token initially gained traction as a community-driven project, rallying supporters who embraced its lighthearted nod to internet culture.
Shiba Inu Sees 3B Token Burn This Week, What’s Next For SHIB?
The renowned dog-themed meme crypto Shiba Inu has again sparked bullish sentiments among traders and investors globally, primarily with its token burn saga. On Saturday, the weekly burn data showed that nearly 3 billion coins were taken from the circulating supply. In turn, market sentiments surrounding the meme coin have turned highly bullish, with traders eyeing an ATH shortly ahead.
Shiba Inu Records 3B Tokens Burnt This Week According to an X post by the official tracker Shibburn, the Shiba Inu community witnessed 2.83 billion coins incinerated in the past seven days. Notably, the massive destruction of tokens resulted in a 60% uptick in the weekly burn rate.
Meanwhile, the intraday burn data showcased a 400% surge against the backdrop of 267.14 million tokens burnt, Shibburn data showed. Notably, CoinGape reported the 1 CENT DREAM project to have burnt 250 million coins recently, aligning with the intraday surge. As a result of these burning chronicles, the total supply took a hit, reaching 589.25 trillion SHIB to date. The substantial reduction in supply has echoed market optimism for the meme coin, abiding by the law of supply and demand.
Simultaneously, other community advancements have poured additional optimism into the token. CoinGape reported that the token’s lead developer, Shytoshi Kusama, hinted that the TREAT token launch is shortly to come. This much-touted looming endeavor has further ignited investor enthusiasm surrounding the Ethereum-based token.
SHIB Price Eyes Massive Rally Ahead? At the time of reporting, SHIB price surged 5% intraday and was sitting at $0.00003156. Its 24-hour low and high were $0.00002955 and $0.00003186, respectively. Intriguingly, the broader charts solidified bullishness among investors, as the weekly and monthly gains totaled 16% and 68%, respectively. Overall, this bullish momentum falls in line with the community’s token burn endeavor.
Japan Embraces PEPE: BITPoint Listing Sparks Interest
On October 30, 2024, BITPoint Japan became the first exchange in Japan to list PEPE, making it available for spot trading, lending, and savings. This move greatly boosts PEPE's accessibility and liquidity, giving Japanese investors multiple ways to interact with the token.
As a regulated exchange, BITPoint brings added credibility to PEPE, aligning it with crypto market trends centered on meme and community-driven tokens.
Now, PEPE holders can not only trade but also earn through lending and savings options, setting the stage for wider adoption and growth as Japan's crypto market continues to expand.
In the last eight days, PEPE has experienced a price surge of 3% from October 30 to November 7, 2024, as the price rose from $0.00000966 to $0.00001025 due to these recent developments. Market analysts suggest further price increases, with projections that the DeFi coin could reach $0.00001230 by December.
Sui Bridge Goes Live: A New Era of Interoperability!
On October 25, 2024, Sui Network announced that the Sui Bridge is now live on Mainnet. This is a pivotal step for the Sui ecosystem, improving its interoperability by enabling secure asset transfers between Sui and Ethereum. By supporting ETH and WETH transfers, Sui Bridge strengthens the DeFi ecosystem on Sui, attracting more liquidity and users.
Secured by Sui’s validators, the bridge ensures robust security, allowing users to manage their assets with confidence.
Additionally, updates to Sui’s apps will help users identify and manage different versions of bridged assets, improving the overall experience. As more assets and functionality are added, Sui Bridge is in line with crypto market trends that emphasize greater ecosystem connectivity and growth.
In the last 13 days, SUI has seen a 17% price surge, rising from $1.927 to $2.255 between October 25 and November 7, 2024, following the bridge announcement. Analysts remain bullish, with predictions suggesting the DeFi coin could reach $3.11 by December.
FLOKI Set to Soar 20%, Key Metrics Flash Buy Signal
The popular meme coin Floki (FLOKI) is poised for a massive upside rally as its token successfully retested the breakout area. On October 14, 2024, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were gaining significant upside rallies, FLOKI breached the neckline of the bullish price action pattern.
FLOKI Technical Analysis and Upcoming Levels According to CoinPedia’s technical analysis, FLOKI appears bullish as it has successfully retested the neckline of the bullish double-bottom price action pattern. Additionally, the meme coin closed the daily candle above the neckline and the 200-day Exponential Moving Average (EMA), confirming FLOKI’s bullish momentum.
Based on the recent price momentum following the breakout of the bullish price action pattern, there is a strong possibility that FLOKI could soar by 20% to reach the $0.000178 level in the coming days.
Despite this bullish outlook, if FLOKI fails to hold the 200 EMA and closes a candle below $0.000141 there is a high possibility it could lose momentum and face a notable price decline in the coming days.
Bullish On-Chain Metrics FLOKI’s bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, FLOKI’s Long/Short ratio on the four-time frame currently stands at 1.23, indicating strong bullish sentiment among traders.
Additionally, its future open interest dropped by 2%, indicating traders liquidated their positions due to the recent price correction. Currently, 55.27% of top traders hold long positions, while 44.73% Currently, 55.27% of top traders hold long positions, while 44.73% hold short positions.hold short positions.
Combining these on-chain metrics with FLOKI’s technical analysis, it appears that bulls are currently dominating the asset, though some traders liquidated their positions due to the recent price correction.
#SUI🔥 #turbo Binance Adds Two Hot New Pairs for Major Coins
Binance expands offering with new listings for SUI and Turbo as top-performing tokens of moment. According to a report from Binance, the world's largest cryptocurrency exchange listed two new pairs today, for arguably the two hottest tokens right now. Based on the announcement, we learn that Binance has listed the Sui Network token (SUI) and the meme cryptocurrency Turbo on its Spot Algo Orders platform.
Why are they the two hottest?
SUI can be called one of the hottest because it is up 140% since the beginning of September and has become a new member of the top 20 crypto market's biggest assets. As a result of that pump, money from Ethereum and Solana has started to flow into the ecosystem, and the network has formed a bunch of meme coins and its own local trends.
SUI token got its new listing on Binance in a pair with the Brazilian real. Given Brazil's size, population and loyalty to cryptocurrencies, this listing could give SUI tokens a second wind. As for TURBO, a meme coin created entirely with the help of artificial intelligence, namely ChatGPT, saw growth of more than 30% over the past day, putting it at the top of the largest coins on the market in terms of profitability for the day. The newly listed token has been paired with the Turkish lira, which may also make the current growth just the beginning, given the staggering number of crypto market participants in Turkey.
The Shiba Inu burn rate has rocketed more than 14570% today, gaining significant attention from investors. Besides, this surge also comes amid a spike in SHIB price today, with recent analysis indicating towards a massive breakout for the meme coin. Notably, one wallet address has caught the eyes of the investors, alone contributing a larger percentage in the recent jump in burn rate.
Shiba Inu burn rate has noted a massive spike today, soaring 14,575.02% in the last 24 hours, according to Shibburn data. Notably, the jump comes as a total of 279.65 million SHIB tokens were removed from the circulating supply from yesterday.
As of writing, a total of 410.73 trillion of the meme coin were burned from the initial supply. However, despite the massive burning, the current circulating supply stayed at 583.53 trillion. Notably, the wallet address “0xa9d…d3e43” has gained significant traction today, alone burning about 277.58 million coins today.
Meanwhile, the recent SHIB burn frenzy has caught the eyes of investors, fueling speculations. Besides, it also comes at a time when the top meme coins are witnessing significant gains today, amid a recovery in the broader crypto market.
However, the burn rate surge has further appeared to have sparked market confidence. For context, the removal of the token boosts market sentiment, as it typically reduces the supply from the market, which in turn helps in bumping up the asset’s price. Amid the surge in the Shiba Inu burn rate today, discussions are also soaring about whether the SHIB price could hit $1 in the coming days. A recent Shiba Inu price analysis hints that the meme coin could potentially hit the major level of $1, citing several conditions.
As of writing, SHIB price jumped more than 2% and exchanged hands at $0.00001812, while its trading volume jumped 31% to $319.74 million. Furthermore, CoinGlass data showed that Shiba Inu Open Interest rose about 7% today, indicating a growing market.
FLOKI’s Bullish Breakout Could Push Price Near All-Time Highs
Despite a minor dip, $FLOKI ’s market performance remains strong, ranking seventh by market cap among meme coins and holding the 57th spot overall on CoinMarketCap (CMC) out of nearly 9,800 coins.
$FLOKI is also one of the few meme coins to have surpassed its 2021 all-time high (ATH). This achievement is particularly impressive, especially in the current market, where many meme coins struggle to regain their past highs.
$FLOKI ’s ability to break its ATH in mid-2023 demonstrates strong resilience and market support, cementing its position as a top contender in the meme coin sector.
Floki (FLOKI) price analysis Looking at $FLOKI ’s price chart, one major event stands out—the sharp price spike around July 2023, which marked a new all-time high (ATH) for the coin.
This breakout above the 2021 highs created strong positive sentiment, positioning FLOKI as one of the few meme coins to reach such heights in today’s market.
However, after this impressive rise, $FLOKI entered a period of slower growth and a slight decline, forming a bearish trend. This trend is marked by lower highs, meaning the price has struggled to reach previous peaks.
Although only a few points on the chart define this downward trend, future attempts to rise are expected to face tough resistance at these levels, making it an important area for traders to watch.
Another key feature is the upward-trending channel that FLOKI is moving within, though it exists in a broader downtrend. This pattern, called a “bear flag,” often signals a potential drop in price.
While the short-term rise inside the channel may look promising, the overall bearish outlook suggests that FLOKI could break lower soon. The lower boundary of this channel has acted as a key support level, but repeated tests of this support increase the chances of it breaking.
If the price drops below this support level, particularly around $0.000126, it could trigger a significant decline, potentially around 12.94%.
Expert Predicts XRP Price if BTC Hits $115K and ETH Reaches $8,000
A prominent market watcher argues that XRP could witness nearly eight-fold gains if Bitcoin reaches $115K or Ethereum hits $8,000.
The crypto market turned bullish last week when Bitcoin surged past a four-week high of $64,000. This renewed optimism was reflected in the global crypto market cap, which rose from just over $2.01 trillion to more than $2.21 trillion today. In other words, the crypto market has seen over $200 billion inflow within a week.
Analysts are revising their outlooks for prominent cryptocurrencies, projecting promising futures for assets like XRP as market sentiment strengthens.
Bitcoin to $115K and Ethereum to $8,000 Expectedly, Bitcoin led the pack, with the trader noting he anticipates an all-time high for Bitcoin at the $115,000 price point. At the time of reporting, Bitcoin is just $63,193. Reaching the $115K target would require the premier cryptocurrency to grow further by 81% in this ongoing bull market.
Meanwhile, as for the altcoin king Ethereum, the trader expects even better price returns for investors. Specifically, Moe projected Ethereum could reach a price of $8,000 in this bull run. This would amount to a return of over 210% from its current price of $2,573. Projected XRP Price When Bitcoin Hits $115K, Ethereum $8KTrader Moe noted that the realistic target for XRP in this season is $5. XRP is worth around $0.5908 as of today. This $5 outlook translates to a massive ROI of 745% from current prices. Moe anticipates that as Bitcoin rallies by 81% to a new ATH at $115K, XRP would see more commendable growth, seeing near eight-fold price gains.
It is worth noting that in the last bull run, Bitcoin registered a cumulative growth of 721%. XRP largely experienced a similar growth trajectory, registering a 942% gain when its bull run encountered resistance at $1.96. While this gain is commendable, XRP enthusiasts believe XRP would have performed even better, save for the SEC lawsuit at the time, which scared many away from XRP.
With the milestone of SUI Token reclaiming $2, the 24-hour price pump recorded a 7.55% increase. This completes an 8.29% pump in the past seven days and a bottom reversal on the daily chart. With the bullish engulfing candle formed last night, the Cryptocurrency is now challenging the 100% Fibonacci level at $2.07. Currently, the trading price of SUI Cryptocurrency is $2.04, with a Market Cap of $56.3 billion. With the positive crossover of MACD and the signal line in the positive zone, the bullish histogram is surging, indicating an increasing upward opportunity. With the neckline breaking at $2.07, the Fibonacci level will rotate the next potential target to the psychological level of $1.00. Therefore, given the 50% pump space in the short term, SUI is very likely to become the best performing Crypto Asset of the week.
#SUI🔥 $SUI $USDC Why Sui Is One Crypto Investors Are Loading Up On Today?
In the cryptocurrency world, Sui (CRYPTO: SUI) is a project many investors may be unaware of. Currently the 18th-largest crypto project by market capitalization, Sui has nonetheless been one of the best performers over the past month, surging roughly 124% over this time frame. Over the past 24 hours alone, Sui has surged 12.4% as of 3 p.m. ET, making this project among the best-performing large-cap tokens out there.
Sui's recent surge over this past month can be directly attributed to the announcement that Circle's USDC stablecoin will be launched on the Sui network. This announcement took place on Sept. 17, and as of the time of this writing, Sui's native token is up almost exactly 100% since the day before this announcement. That's a very reasonable return in a very short amount of time for investors.
Now, the question is whether this momentum can continue. Let's dive more into this specific catalyst, and what it may portend for Sui's performance moving forward.
Why the USDC launch matters Circle's USDC stablecoin is the second-largest such token in the world, and is the currency in which a significant percentage of on-chain transactions take place in. For investors bullish on Sui's Layer-1 blockchain and smart contract network, the ability for this particular project to innovate in the decentralized finance space by simplifying and improving the efficiency of various applications improves when the world's second-largest stablecoin is accepted as currency on this network.
Many investors seem to believe that the inclusion of the Circle stablecoin into Sui's network will encourage developers to build more applications on-chain, growing the Sui network and creating certain network effects which may be hard for competitors to break.
I think it's certainly an encouraging development, though the question now is whether Sui's recent run has more than priced in this potential catalyst, in light of some of the macro headwinds we're starting to see form.
FLOKI Traders Eye October 22 for Possible Breakout Pattern
October 22 is a critical date when FLOKI historically breaks out from consolidation patterns. FLOKI’s potential for major gains is often signaled around October 22 each year, based on past trends. According to prominent crypto analyst Master Kenobi, FLOKI’s journey began on July 5, 2021, when the token saw a tremendous climb over 112 days, resulting in a staggering 92x ROI.
However, after this skyrocket surge, FLOKI experienced a bear market, with its price falling by 98.5% over 224 days and hitting bottom earlier than many other cryptocurrencies.
Kenobi underlines the possibility of this pattern continuing, noting that the next “magical” day, October 22nd, is only a few weeks away. If the pattern continues, FLOKI might go through another consolidation phase before a potential price increase.
Beside that, a prior report from CNF, which highlighted FLOKI’s confirmation of a big breakout, has supported this speculative potential. The meme coin might experience a 163% increase, which has sparked big investor interest.
The increasing institutional support and open interest in FLOKI suggest that the token may be primed for a rally in the near future.
Meanwhile, as of this writing, FLOKI is trading at $0.0001344, down 2.71% over the last 24 hours, with a daily trading volume of $136.91 million. $FLOKI
Floki Inu (FLOKI): Price Drops, Replicating Broader Market Floki Inu is a renowned memecoin named after Elon Musk’s Shiba Inu dog, Floki. It is compatible with Ethereum and Binance Smart Chain blockchains. Floki Inu has a market cap of over $1.3 billion, with a total supply of 10 trillion FLOKI tokens.Floki is working on multiple projects, including an NFT gaming metaverse named Valhalla and a merchandise marketplace called FlokiPlaces. After reaching its All-Time High (ATH) of $0.0003462 earlier this year, Floki has seen a major downtrend and is currently 60% below its ATH.Floki trades at $0.0001372, taking support on the 50-day moving average and below the 200-day moving average. Recently, it has faced resistance near the $0.00017488 price mark. The support level at $0.00013140 is a probable entry for bulls, with another significant support at $0.00011170. Floki’s price has dropped by a massive 7% in the last 24 hours, but the volume shows a 28% surge today, which means demand is increasing. This demand can be attributed to investors coming in to buy the dip. Today's candle has been a doji with extended highs and lows.