FLOKI Price Prediction: FLOKI Soars 81% In A Week As Investors Flock To This Parabolic ICO Offering One Last Chance To Buy

The FLOKI price fell more than 5% in the past 24 hours but has surged 81% in the past week to trade at $0.0002597 as of 2:40 a.m. EST.

The FLOKI Price Gets Rejected By Resistance

4-hour chart for FLOKI/USDT (Source: TradingView)

The FLOKI price attempted to break above the resistance level at $0.00030910 earlier in today’s trading session, but was rejected by the barrier. As a result, the meme coin is resting on the immediate support at $0.00026280. Rebounding from this support will result in the crypto printing another higher low, which could then be followed by it attempting another challenge at the $0.00030910 threshold. A break above this significant price point could then give the FLOKI price the foundation needed to keep climbing in the short term.

This bullish thesis may remain in play as long as the FLOKI price does not drop below its previous higher low, which is also confluent with the $0.00022134 support level. Falling below this point could put the crypto at risk of correcting down to the $0.00016508 support in the following 48 hours.

Technicals Warn Of A FLOKI Price Correction

Technical indicators on FLOKI’s 4-hour chart suggest the wind was knocked out of bulls’ sails after the meme coin got rejected by the $0.00030910 resistance. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish.

The MACD line fell below the MACD Signal line in the last 24 hours. What’s more, the prior is also breaking away below the latter. This not only indicates that the FLOKI price has entered into a negative cycle, but is also seen as a sign that sellers are growing stronger against buyers. As a result, the altcoin’s price may continue to drop in the coming 24 hours.

The RSI on the 4-hour chart supports the short-term bearish outlook, as the RSI crossed below its Simple Moving Average (SMA) line as well throughout the past day of trading. Similar to the MACD and MACD Signal line, the RSI is also creating a gap between itself and the SMA line. Traders normally identify these technical occurrences as confirmation that bears have an advantage over bulls. As such, it may be easier for sellers to drag the FLOKI price down in the next 24-48 hours than it will be for bulls to boost it during the same period.

While the FLOKI price tries to fend off increased selling pressure, Scotty the AI’s presale has sold out. The good news is that the team is giving investors who missed out one last chance to buy into the altcoin at this early stage.

The New Meme Coin On The Block Attracting All The Crypto Investors

Scotty the AI is a new meme coin that is on track to take the crypto world by storm. The success of its presale is a telling sign of the altcoin’s potential to join the crypto elites in the coming months.

What separates Scotty the AI from the mass of other meme coins in the Web3 realm is its high level of utility, which is fueled by sophisticated artificial intelligence (AI) models.

With these advanced computer models, Scotty the AI is able to analyze vast amounts of code to uncover potential security flaws and software bugs in smart contracts. If these models detect anything, they will immediately notify investors before they start transacting on the smart contracts, preventing a substantial loss of funds due to fraud and scammers.

The Potential To Generate 10X Returns For Investors

Its aim to protect crypto investors from scammers and fraudsters allows Scotty the AI to reap the benefits that come from being the Web3 watchdog the crypto space so desperately needs.

Adding to the project’s potential to yield large returns for investors is the fact that Scotty the AI is also able to benefit from the booming AI and cyber security sectors.

💥Presale Update!💥

ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $7.7M

🎉 this was raised way faster than expected due to the high demand of the crypto community wanting to join ScottyTheAi.

Well on our way to closing out presale early and heading for… pic.twitter.com/VTkUi9rxV8

— Scotty The Ai (@ScottyThe_Ai) March 12, 2024

Investors have already picked up on the AI meme coin’s potential, as demonstrated by its presale selling out sooner than the team had anticipated. Overall, the ICO has raised just over $7.8 million.

But there is still the opportunity for investors to buy into Scotty the AI with the presale extended for about another six days.

Scotty tokens are available at the listing price of $0.01. It can be bought using either ETH, USDT or bank card. MATIC and BNB are also available payment options.

SCOTTY can be purchased here.

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