2024

FLOKI

Story

<p>The post <a href="https://coinpedia.org/price-analysis/floki-hits-7-day-high-can-floki-surpass-past-0-000343-ath/" rel="noopener noreferrer nofollow">Floki Hits 7-Day High, Can FLOKI Surpass Past $0.000343 ATH?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<h2 class="wp-block-heading" id="h-story-highlights"><br>Story Highlights</h2>
<ul>
 <li>Floki saw an upsurge to $0.000196, hitting a 7-day high</li>
 <li>Breakout above $0.0002 may attract&nbsp; new investors</li>
 <li>Flokis TVL and active addresses have also soared to a large extent</li>
 <li>With the substantial bullish range of technicals, the price may elevate to a new all-time high.&nbsp;</li>
</ul>
<p>The crypto market saw a drop in April, a sizable one since August 2023. However, the bulls woke up to correct the charts with green candles, giving hope for a new rally in May. While meme coin season, even after 4 months, is still at the foothill to burst more, Floki inu ( FLOKI) can make it to the list of top crypto of May 2024 with a significant increase in active wallets in 2 weeks and foreseeing other events.&nbsp;</p>
<p>Additionally, the daily charts are intriguing for the <a href="https://markets.coinpedia.org/floki/" rel="noopener noreferrer nofollow">FlOKI</a>, forming good price action in the upcoming sessions. The growing anticipation among investors is creating a buzz again in the market, and investors are eager to see the next events.</p>
<h2 class="wp-block-heading" id="h-surging-tvl-and-active-addresses-grab-attention"><strong>Surging TVL and Active Addresses Grab Attention&nbsp;</strong></h2>
<p>Floki’s March month was dramatic. The memecoin killed a zero, recorded a yearly high, and entered a correction phase at the end of March. A downturn has been seen since mid-March, forming a parallel pattern.&nbsp;</p>
<p>Amid of the downturn, May started with positive sentiment FLOKI’s active wallets surged 30% in the past 2 weeks, in 24-hour and 7-day frames. This rise could be a potential fundamental to continue the price trend.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/BCfJKQDdBPOUBdq2SKr4HO4k2QVJUiYQHOrBtohRhH6qKs6x2D4tN9e2I06BkOfnS0EOuh9_85aCohTT_dUXr1xEsnsZRhzzKA4HcVB4O0sQ0WZBcj_pfdl4tJtD-dSuArsC5Vn-EskkTbgZWHZ_rvc" alt="">
</figure>
<p>Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22floki-inu%22%2C%22ticker%22%3A%22FLOKI%22%2C%22from%22%3A%222024-04-15T00%3A00%3A00.000Z%22%2C%22to%22%3A%222024-05-04T18%3A29%3A59.507Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22active_addresses_7d%22%2C%22active_addresses_24h%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FFCB47%22%2C%22%23FF5B5B%22%5D%2C%22ws%22%3A%7B%220%22%3A%7B%22node%22%3A%22area%22%7D%7D%7D%5D" rel="noopener noreferrer nofollow">Sentiment</a>&nbsp;</p>
<p>Also, the TVL on Floki locker soared 71% from 15.02 m USD in March to 25.72 m USD in May 2024.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Hk3488Lo3ley5Ru_WW-b_go4J2_8yg8jxOCVE_jLRcbwHqJOQ02tr4KRLgZOrD3IzVR9XMcaIsJMggomXoT9SZnJ4-cmAFcXAEyN9AxhE04kWtRUurKWhy-CHVs6W6Mti5FDj2gC-BNEnSTeSju7Rq8" alt="">
</figure>
<p><a href="https://defillama.com/protocol/flokifi-locker#information" rel="noopener noreferrer nofollow">DeFilama</a>&nbsp;</p>
<h2 class="wp-block-heading" id="h-floki-techncihal-analysis-nbsp">Floki Techncihal Analysis&nbsp;</h2>
<p>Floki’s at the time of writing is $0.000192, trading in bullish momentum. The market cap rose to 16.30%, and the 24-hour trading volume rose to a whopping 34%, to $285,564,622. A break above the resistance of $0.0002 indicates a positive trend while attracting new investors.</p>
<p><br>Floki markets is currently facing high volatility of 5.88%, with RSI at 63, just above the signal line suggesting a relatively stable price movement. The MACD is slightly positive with an upward pressure. However, if bears take control <a href="https://markets.coinpedia.org/floki/" rel="noopener noreferrer nofollow">FLOKI</a> may drastically result in major sell-offs.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-1024x464.png" alt="" class="wp-image-297632" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-1536x697.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-2048x929.png 2048w, https://image.coinpedia.org/wp-content/uploads/2024/05/04142837/image-110-150x68.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The SMA signals are on strong buy mode with price trading 200-day SMA, the Cross overs for 20-day and 50-day stand bullish too. This could be an opportunity to enter the FLOKI for investors who missed the previous rally, while all the signals are semi-bullish caution should be exercised as the market may face corrections.&nbsp;&nbsp;</p>

Floki Hits 7-Day High, Can FLOKI Surpass Past $0.000343 ATH?

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