Floki Soars 15%, Poised for Breakout as Dogecoin Day Fuels Dog-Themed Coins

On April 13th, the Floki cryptocurrency surged 15% in the previous 24 hours, reaching $0.000199 with a 195% rise in trading volume to $503 million. This surge coincides with a rise in popularity for dog-themed cryptocurrencies, with Dogecoin, Shiba Inu, and Dogwifhat all experiencing gains in the past four days.

Floki Price Surges 15%, Ready to Break Out of Falling Wedge

In a surge driven by the resurgence of dog-themed coins, Floki (FLOKI) has witnessed a remarkable 15% price increase in the past 24 hours, reaching $0.000199 as of 02:43 a.m. EST. This impressive growth is accompanied by an equally impressive 195% increase in trading volume, reaching a staggering $503 million.

This upward momentum comes on the heels of International Dogecoin Day, which inspired a surge in dog-themed coins. Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (DOG) have all experienced gains, rising by 4%, 3.6%, and 20%, respectively.

Technical Analysis: FLOKI Poised for Further Gains

A technical analysis of FLOKI's price action reveals a bullish outlook. After reaching a yearly high of $0.00032 in March, FLOKI has been trending down within a falling wedge pattern. However, the recent surge has propelled the price over the upper boundary of this pattern, indicating a potential breakout.

Furthermore, FLOKI's trading price is well above both the 50-day and 200-day Simple Moving Averages (SMAs), providing further confirmation of its bullish potential in the long term.

The Relative Strength Index (RSI) also supports the bullish outlook, indicating strong buying pressure. The RSI has rebounded from the 30-oversold level to the 70-overbought region at 72, suggesting that buyers are firmly in control.

Long-Term Price Prediction: FLOKI Targets $0.00035

The long-term technical analysis for FLOKI suggests a continuation of the current surge. The bulls are aiming to push the price towards the target of $0.00035. The RSI's bullish reading indicates that buyers are eager to drive the price even higher.

However, it is worth noting that the 200-day SMA is trading above the 50-day SMA, forming a death cross at $0.000219. This death cross pattern often signifies a bearish move, indicating a potential retracement to the support level at around $0.00015, which coincides with the 50-day SMA.

Investors Flock to Dogeverse: Alternative Dog-Themed Token

Amid the frenzy surrounding meme coins, Dogeverse (DOGEVERSE) is emerging as a promising alternative within the cryptocurrency ecosystem. Unlike most meme coins, Dogeverse is built on a multichain network spanning Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

This inclusive approach opens up DOGEVERSE to a diverse audience, from Ethereum enthusiasts to those who prefer the speed and cost-effectiveness of Solana or Polygon.

Dogeverse Presale Exceeds $10 Million

The Dogeverse presale has already sold out its soft cap allocation of 200 billion tokens and has moved onto the second half of its ICO well ahead of schedule. The project has raised over $10 million in its presale, attracting attention from prominent YouTube crypto analysts such as ClayBro.

Dogeverse offers staking options on Ethereum with an annual percentage yield (APY) of 107%, providing passive rewards for token holders.

Buy Dogeverse Now: Limited Time Offer

Interested investors can participate in the presale by purchasing DOGEVERSE at $0.000301 per token. This presale price is expected to increase in about 20 hours, so those interested should act quickly.

DOGEVERSE can be purchased on the official website using ETH, USDT, or a bank card.

Related News:

• Shiba Inu Price Prediction 2024: To the Moon or Crash Landing?
• Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now!
• Best Meme Coins Full List

Stay up to date with the latest breaking news by joining our Telegram channel.