floki inu press release

Not just Pepe alone, Floki Inu turned on a green light and exploded by more than 80% today following Binance’s announcement of listing the duo meme coin on its exchange’s innovation zone. It is ranked the second top-gainer of the day behind Pepe.

Meme coins are gaining a lot of traction in the crypto space recently, suggesting a potential bullish move for Bitcoin and other altcoins. However, an 8% increase over the past 24 hours put the sector’s market cap at a staggering $19.55 billion.

Floki has joined Pepe in the race for a parabolic bull run, touching $0.0000578 precisely today after a sudden pump from $0.000032 about 8 hours ago. 

This surge went through April’s high to reach a new milestone in two months. A further explosion might scale the price above the current yearly high. It has retraced a little and now looking for close support to refuel surge. 

If the cryptocurrency fails to find strong support, it will continue to roll over – resulting in a slow dumb as occurred in the past month. The $0.000040 level remains a key pointer for such a loss. Technically, the market structure looks bullish on the daily chart.

All in all, Dogecoin remains the best-performing cryptocurrency in terms of market cap, followed by Shiba Inu, then Pepe in third place and Floki as fourth with a market cap of $500 million at the time of writing.

Floki’s Key Levels to Watch

floki inu price analysis prediction
Source: Tradingview

Following the latest surge in volatility, the immediate resistance level for a test is $0.0000557 with a close resistance level at $0.00006. A surge through $0.0000681 (February’s high) should drive the price higher.

On the other hand, the support levels to consider for a retracement are $0.000050 and $0.0000414. The $0.0000309 and $0.0000225 levels are supports to watch if a breakdown occurs.

Key Resistance Levels: $0.0000557, $0.00006, $0.0000681

Key Support Levels: $0.000050, $0.0000414, $0.0000309

  • Spot Price: $0.000051
  • 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.

Michael is a professional trader and cryptocurrency technical analyst with many years of trading experience. He became passionate about cryptocurrencies and blockchain technology through his sister and has since been following the industry


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