Floki Price Prediction – Watch for a Price Increase at This Level!
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Journalist
Posted:
- FLOKI’s trading volume has dropped along with its price, indicating a trend reversal.
- Buying pressure on the memecoin remains robust.
Similar to many cryptocurrencies, FLOKI has experienced a steep price correction in the last two days. The recent pullback has brought the token to a pivotal support level that may influence its upcoming trajectory. What implications does this hold for FLOKI’s immediate ambitions?
FLOKI Approaching Key Support Zone
The bearish sentiment prevailed over FLOKI’s charts last week as its price witnessed a slight decline. The last 24 hours have continued this bearish trend as the token’s value dipped alongside BTC and ETH prices. At present, FLOKI is trading at $0.0001189 with a market capitalization exceeding $1.14 billion, ranking it as the 57th largest cryptocurrency.
This price reduction resulted in only 57,000 FLOKI addresses remaining profitable—representing about 68% of all FLOKI addresses, according to IntoTheBlock data. This downturn pushed the memecoin’s value towards an essential support zone at $0.000110.
Crypto Tony, an established crypto analyst shared insights through a tweet revealing these developments.
A drop below this threshold could severely impact the memecoin by erasing substantial market cap.
Therefore, monitoring FLOKI’s situation is critical for evaluating whether it will test this support level again.
Which direction is FLOKI headed?
A Closer Look at Market Data
According to AskFX’s analysis using Santiment data…
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