Market Analysis

FLOKI PRICE ANALYSIS & PREDICTION (March 9) – Floki Breaks Higher After Exploding 40% Overnight, Where Next?

Meme coins are gaining traction again after taking a short break in buying. Floki saw the most gain today, leading the top-gainer chart with a 210% surge in the past week. Failure to sustain momentum may result in a reversal.

Last week’s surge brought several mem coins out of the wood after witnessing a significant break out of a long bearish zone. Floki rallied hard and registered an almost 400% gain in a month.

Closing that week on a strong bullish note, Floki pushed to exactly $0.000174 this Monday and marked that price level as resistance. It quickly lost steam and slipped near the $0.000091 level. The price bounced sharply and started to show signs of strength again.

Trading volume increased significantly today and the price broke through the recent high to a new multi-month high of $0.000189. We can expect a bigger rally if the meme coin repeats last week’s bullish pattern.

If such a scenario comes into play again, we may see a massive rally to the top. Floki may even break out of its all-time high (0.00035) to a new high in the process. It must conquer some key resistance levels before retaking its ATH.

Technically, the bears are currently off the market. A drop below the $0.00018 level could facilitate small pullbacks before bouncing back. As it stands now, the bulls are strongly in control of the market.

Floki’s Key Levels to Watch

Source: Tradingview

While many obstacles lie ahead for the bulls on the way up, the closest resistance level for a test right now is $0.00013. Rising above this level, the subsequent resistance to keep in mind is $0.00023 and $0.00025.

If the price rolls back, the support levels to consider for a dip would be $0.00016 and $0.00014. Another support level to watch is $0.00012.

Key Resistance Levels: $0.00020, $0.00023, $0.00025

Key Support Levels: $0.00016, $0.00014, $0.00012

  • Spot Price: $0.0001886
  • Trend: Bullish
  • Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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