FLoki Price Drops 6% as Investors Turn to This New Meme Coin for High Staking Rewards

Floki price I drowned The meme coin has surged over 6% in the past 24 hours to trade at $0.0001177 as of 4:25 a.m. ET, as investors sell their meme coin holdings on the market.

With the recent pullback, FLOKI price has extended its weekly losing streak. As a result, the dog-themed token has dropped by 24% over the past seven days.

Floki price tests critical support level

4-hour chart of FLOKI/USD (Source: Gecko Terminal)

the Floki The price is holding at the key support level of $0.0001145. If it drops below this crucial price point, the meme coin could be at risk of further decline in the next 24 hours.

This bearish thesis may be invalidated if FLOKI price manages to sustain above the $0.00001145 support level in the next 12 hours. In this alternative scenario, traders may identify the altcoin as a good buying opportunity.

With the potential purchase volume, Floki The price may try to convert the resistance level at $0.0001327 into a support level. Continued buying pressure in case the meme coin overcomes this technical barrier may lead FLOKI to rise to $0.0001646 in the near term.

Technical forecasts suggest that Floki price may continue to decline.

Technically, the indicators on the 4-hour FLOKI chart warn that the meme coin price may continue to decline during the next trading day. More specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators show that sellers are maintaining a tight grip on the Floki price.

The RSI readings have been declining over the past 24 hours. Currently, the RSI on the 4-hour chart is below the 30 level, indicating that FLOKI is oversold. Traders may view this as a buying opportunity as the cryptocurrency’s upside potential is greater than its downside potential. However, it is not uncommon for the RSI to remain low when the cryptocurrency is being sold.

Meanwhile, the MACD line is below the MACD signal line to indicate that Floki price is in a downtrend. Moreover, the former line is moving away from the latter line. This could be a sign that FLOKI’s negative momentum is gaining momentum.

As Floki price tries to fend off bear pressure, investors flock to presale of new meme coin called Crypto Stars (STARS).

A unique distribution mechanism that unifies rewards for the best meme coins.

Crypto All-Stars (STARS) aims to provide a unified staking experience in the cryptocurrency space. Through its innovative platform, investors can stake a variety of coins in exchange for passive rewards.

All popular cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), Brett (Brett), PEPECOIN, MOG, Milady Meme Coin (LADYS), Turbo (TURBO), Toshi (TOSHI), and Bonk (BONK) can be staked on the Crypto All-Stars platform. More meme coins are planned to be added in the coming months. Moreover, investors can also stake STARS coins on the Crypto All-Stars platform at an annual interest rate of 1,567%.

The project’s high rewards and innovative platform have caught the attention of popular YouTube cryptocurrency creator ClayBro. In a recent video, he predicted that Crypto All-Stars could yield a 29x return for investors.

Investors rush to buy Starz shares at pre-sale prices

Crypto All-Stars has raised over $900,000 through its presale so far, indicating strong investor confidence in the project’s future. With analysts predicting a massive surge in the price of the STARS token, and the project’s lucrative staking program, this investor frenzy is likely to continue throughout the remainder of the ICO.

Anyone who wants to get their hands on the token at this early stage can do so by acquiring meme coins using the simple purchase tool built into the project’s website. STARS is selling for $0.0014191 and can be purchased using ETH, USDT, BNB, or a bank card.

However, potential buyers will want to act quickly, as the price of the meme coin is set to rise with each subsequent stage of the project’s presale. The next price adjustment will take place in just two days.

Buy STARS here before the next price increase.

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