Floki price has increased by 14% in the past week and 3% in the past 24 hours, trading at $0.0002681 per share, with trading volume down 33% to $865 million as of 03:19 PM (EST).
Floki price strives for breakthrough
The FLOKI/USD chart shows a bullish trend in the short term with higher lows and a breakout from the consolidation range between 0.0002226 and 0.0002401 (highlighted in purple). According to GeckoTerminal, the Floki price is testing a critical resistance zone of $0.00002681, which coincides with the previous high.
The rise from the lower boundary of the consolidation pattern to test the upper boundary has pushed Floki’s price above the 50-day and 200-day simple moving averages (SMAs), supporting the continued upward trend.
The relative strength index (RSI) is at 64.03, indicating bullish momentum, but has not yet entered the overbought zone (>70). This suggests that there is room for further gains before it is potentially overbought.
Meanwhile, the Moving Average Convergence Divergence (MACD) line is above the signal line, and the green histogram reflects continued bullish momentum. However, the histogram shows signs of flattening, which could indicate a slowdown in momentum in the short term.
If the $0.0002681 resistance is breached with significant volume, the price could move up to the next resistance zone of around $0.0003000 to $0.0003200, coinciding with the previous price peak.
Failure to break resistance could result in a pullback to the purple support zone (0.0002226 to 0.0002401). If selling pressure increases, the 200-day SMA at 0.00002226 will become a key support level.
Meanwhile, investors are also buying a new PEPE derivative called Wall Street Pepe (WEPE), which crypto influencer ClayBro predicts will make investors millionaires.
Wall Street Pepe Raised Over $3 Million in One Week, What’s the Next Cryptocurrency to Break Out?
Introducing Wall Street Pepe, a revolutionary memecoin that is changing the landscape of cryptocurrency investing. Unlike typical hype-driven memecoins, Wall Street Pepe combines meme culture with real-world applications. Its mission is to empower everyday traders by providing exclusive market insights, trading tips and strategies.
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The Wall Street Pepe project is centered around giving investors a fair chance at investing. Through its exclusive market insights, trading tips and strategies, the project aims to empower users with the knowledge and tools they need to navigate the often volatile cryptocurrency markets.
Investors who hold $WEPE tokens can also earn an astonishing 166% annual yield (APY), providing generous passive income.
The success of the Wall Street Pepe project can be seen in its impressive pre-sale performance. In just six days, the project raised a staggering $3.27 million, highlighting the strong investor demand for this innovative meme coin.
Investors can purchase $WEPE token at $0.000207 on the official website using ETH, USDT or a bank card.
With prices rising in less than three days, and set to rise sooner if the stage sells out, interested investors should act quickly to get the best deal.
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