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    Floki Price Prediction: FLOKI Drops 19% as This Olympic-Themed Coin Nears $1 Million

    msmarkBy No Comments4 Mins Read
    FLOKI price

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    Floki price has decreased by 19% in the last 24 hours. Trading at $0.0001263 As of 10:20 a.m. ET, trading volume was up 38% to $972 million.

    This price drop comes as Spotonchain data reveals that a FLOKI-linked wallet address has resurfaced in the market after being dormant for 2.5 years.

    The whale deposited 15.2 billion FLOKI tokens, worth around $2.27 million, on the cryptocurrency exchange Binance. The massive transaction occurred just before the price drop.

    In addition, it was noted that Floki The tokens held by the Whale wallet were originally issued by Floki publish in early 2022 when they were priced at around $0.0000307.

    Floki Price Hits Resistance Level as Bears Put More Pressure

    The FLOKI/USD pair on the 4-hour time frame formed a rounding bottom pattern around the $0.00009757 level. This pattern often indicates a potential reversal from bearish momentum to bullish momentum. After this formation, the price entered an ascending channel, reaching a high near the 0.0001618 resistance area.

    FLOKIUSD analysis source: Dextools.io

    A “golden cross” also occurred, with the 50 moving average (MA) on the 4-hour chart crossing above the 200 moving average, indicating a short-term bullish signal.

    However, other technical indicators present a mixed picture. The Moving Average Convergence Divergence (MACD) indicator is showing a bearish crossover, with the MACD line below the signal line, indicating bearish momentum.

    Conversely, the Relative Strength Index (RSI) has hit 30.19, indicating that the recent bearish momentum has pushed the price significantly lower, increasing the possibility of a short-term recovery as some traders may start buying in anticipation of a recovery.

    Floki Price Prediction

    Floki The price is pulling back after reaching the resistance area, indicating a possible downward pressure. If the price fails to hold above the major support level at $0.0001260, it may continue to decline towards the next support level at $0.0001200.

    If the RSI recovers from the oversold zone and the MACD starts showing signs of bullish divergence, there could be a bounce towards the $0.0001400 level, with a possible retest of the $0.0001600 resistance zone.

    A sustained decline below the 0.0001260 level could lead to further declines, targeting the 0.0001200 area, where buyers may return to the market.

    The current price action suggests a short-term bearish pullback with a potential for a rebound. However, mixed signals from indicators suggest caution is warranted.

    Watching support and resistance levels will determine the next direction of the market.

    Meme Games’ ICO Raises Over $400K – Will The Next Meme Coin Surge?

    Investors looking for cryptocurrencies to diversify their portfolios may also consider a new pre-order offering called Meme Games (MGMES)which has raised over $400,000 in early funding.

    Cryptocurrency analyst and YouTuber Austin Hilton, who has 272,000 subscribers, believes the Olympics meme coin MGMES “will be huge.”

    The Meme Games is an innovative meme token project that brings together popular crypto meme characters and adds a competitive twist by rewarding pre-sale buyers with token rewards for winning virtual events. This unique concept blends the excitement of meme cryptocurrencies with the competitive spirit of the 2024 Olympics.

    Participants can choose from characters like Dogecoin, Pepe, DogWifHat, Brett, or Turbo, and watch them compete for gold in a digital race.

    Each token purchase allows buyers to choose a meme athlete, which is randomly selected and verified by blockchain technology to ensure fairness.

    Token holders can also earn passive income through the project’s stake mechanism by purchasing and staking MGMEs, offering an impressive APY of 476%.

    Currently, MGMES tokens are available at $0.00935 each, but the price will rise in less than a day, so it’s best to act fast to secure the best deal.

    Buy MGMES from the official website here using ETH, BNB, USDT or bank card.

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