Floki Price Prediction as FLOKI Suddenly Spikes Up 15% – Are Whales

Simon Chandler

Last updated:

April 24, 2024 at 14:57 GMT+3

| 3 min read

The Floki price has surged by 15% today, reaching $0.0001968 as the cryptocurrency market as a whole posts a 1% gain in 24 hours.

FLOKI has now gained by an impressive 40% in a week, and while the meme token remains down by 15% in a month, it has also increased by 600% in the past year.

These figures make Floki Inu one of the best-performing major meme coins of this period, with its gains over the past few days coming after Revolut announced it would be listing the FLOKI token.

And with the wider market improving today after a difficult couple of weeks, we could see more Floki price gains very soon.

Floki Price Prediction as FLOKI Suddenly Spikes Up 15% – Are Whales Buying?.

FLOKI’s indicators remain in a very bullish position, signalling that the coin could continue to post gains in the near term.

Its 30-day average (orange) is still rising further beyond the 200-day average (blue), providing a clear sign that the token remains in a growth phase.

At the same time, FLOKI’s RSI is hanging around the 60 mark, where it could easily rise again once the past hour’s dip has played out.

It’s also bullish that the coin’s resistance (red) and support (green) levels are rising in parallel, with $0.00020 being the key resistance to watch.

If Floki can break through this price, we could certainly see more buyers entering its market and pushing its price up further.

At the moment, there haven’t been any recent signs of big transfers involving whales, yet the fact that FLOKI’s volume has risen from $100 million over the weekend to nearly $500 million today would certainly suggest that traders are stocking up on the coin.

Driving interest in Floki has been the aforementioned announcement that Revolut has added support for the token, meaning that around 40 million of the fintech’s customers could potentially become FLOKI holders.

Not only is this a vote of confidence in the meme coin, but it offers a reminder that it could see further listings in the near future, with Coinbase (for example) yet to add the token.

And seeing as how the wider market is expecting an improvement in macroeconomic conditions later in the year (e.g. rate cuts), the Floki price could continue to rise as positivity increases.

It may reach $0.00025 by the end of summer, before breaking its...

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