Floki (FLOKI) is one of the latest meme coins that aims to capitalize on the popularity of Dogecoin (DOGE) and its celebrity supporter, Elon Musk. FLOKI is a decentralized community-driven project that claims to offer a fast, secure, and scalable platform for various use cases such as gaming, NFTs, and charity. In this article, we will examine the current price and news of Floki and provide some insights into its future prospects.
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FLOKI Price Today: Up by 1.16% from Yesterday
According to our current Floki price prediction, the price of Floki is predicted to rise by 1.16% and reach $0.00001910 by October 2, 2023. This is a slight increase from yesterday’s closing price of $0.00001888, which was also higher than the previous day’s closing price of $0.00001840. FLOKI has been trading in a bullish trend since September 23, when it broke above the $0.000016 resistance level.
FLOKI is currently ranked as the 162nd largest cryptocurrency by market capitalization, with a value of $190.16 million. It has a circulating supply of 9.94 trillion tokens and a total supply of 10 trillion tokens. The 24-hour trading volume of FLOKI is $39.62 million, which is lower than the average volume of $50 million in the past week.
FLOKI News Today: Badminton Asia Championships Partnership, Elon Musk’s Twitter Upgrade
The main catalyst for the recent rise in FLOKI price is the announcement by Floki that it will power the Badminton Asia Championships 2023. The partnership is aimed at tapping into the large audience base at the tournament, to engage in branding and promoting its innovative ecosystem.
The Badminton Asia Championships is one of the most prestigious badminton events in the world, featuring top players from Asia and attracting millions of viewers globally. Floki said that it will use its platform to create interactive and immersive experiences for the fans, such as NFTs, games, rewards, and charity initiatives.
FLOKI Price Prediction: Can FLOKI Maintain Its Bullish Momentum?
FLOKI has been following an ascending channel pattern since September 23, when it broke above the $0.000016 resistance level. This indicates an uptrend that is characterized by higher highs and higher lows. The channel’s resistance and support lines can be drawn by connecting the swing highs and lows on the daily chart.
FLOKI is currently trading near the upper boundary of the channel, which could act as a strong resistance level. If FLOKI can break above this level and sustain its bullish momentum, it could signal a continuation of the uptrend and a potential rally towards higher price levels. The next resistance levels to watch are $0.00002 (the high of August 15) and $0.000022 (the high of July 7).
In a 12 hours time frame, the price has broken the downward channel resistance trendline, we have to wait for a successful retest. then we will enter in it.
However, if FLOKI fails to break above the channel’s resistance line and retraces back towards the lower boundary of the channel, it could indicate a correction or a reversal of the uptrend. The next support levels to watch are $0.000018 (the low of September 28) and $0.000017 (the low of September 21).
The relative strength index (RSI), which measures the momentum and strength of price movements, is currently at 56.67 on the daily chart, indicating a neutral sentiment. However, if the RSI can rise above 60 and enter the bullish zone, it could suggest an increase in buying pressure and a possible uptrend for FLOKI.
Conclusion
FLOKI has been following an ascending channel pattern since September 23, indicating an uptrend that is characterized by higher highs and higher lows. FLOKI is currently trading near the upper boundary of the channel, which could act as a strong resistance level. If FLOKI can break above this level and sustain its bullish momentum, it could signal a continuation of the uptrend and a potential rally towards higher price levels. However, if FLOKI fails to break above the channel’s resistance line and retraces back towards the lower boundary of the channel, it could indicate a correction or a reversal of the uptrend.
FLOKI remains a popular and innovative meme coin project that has a lot of potential to grow and succeed in the future. However, FLOKI also faces some risks and uncertainties that could affect its price and performance. Therefore, investors and traders should always do their own research and analysis before making any investment decisions regarding FLOKI or any other cryptocurrency.
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