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The Floki price surged 4% in the last 24 hours and 14% in a week to trade at $0.0001740 as of 03:11 a.m. EST on trading volume that rose 41% to $163 million.
This comes as the entire meme coin market rose 1% to a market capitalization of $50 billion.
Floki Price Gearing Up For A Breakout Above The $0.0001972 Resistance
According to Geckoterminal, the Floki price rose dramatically in March to a high of $0.0003309, as it went near to its all-time high (ATH) of $0.0003365. However, the price then went down through a retrace back to the $0.0001972 support level.
FLOKI breached this support, which is now the resistance level the bulls have to overcome to push the price even higher. The price went through a retrace to the support around $0.0001295 and back to the resistance level. With the price going down again to the $0.0001721 support, FLOKI formed a cup and handle pattern.
However, FLOKI negated the bullish sentiments presented by the cup and handle pattern. It went down to the $0.0001427 support before going back to the resistance zone at $0.0001972, forming a rounding bottom pattern.
FLOKI trades slightly above the 200-day Simple Moving Average (SMA), a confirmation of the token’s bullish potential in the long run. The sustained bullish stance could see FLOKI overcome the 50-day SMA threshold above $0.0001756.
The Relative Strength Index (RSI) is climbing from oversold territory at 30 to reach 46, indicating increasing buying pressure.
Floki Price Prediction
The Floki price analysis on a 4-hour chart indicates that FLOKI is on a bullish trend. It aims to capitalize on the cup and handle and the rounding bottom pattern to push the price above the $0.000250 target.
In an inverse scenario, if the bears exert more pressure at this point, FLOKI could go down through another retrace back to the next support level at $0.0001339, acting as a cushion against downward pressure.
As the Floki price surges, some investors are also considering SMOG, a Solana meme coin that’s hinted that it will list on another top-tier exchange soon.
SMOG: The Best Crypto To Buy Now?
Smog (SMOG) is perhaps best known for its promise to deliver an airdrop that’s ‘the greatest in history.’ Season 1 of the airdrop wrapped up on April 3 after $1 million in giveaways. The project then launched its second season of airdrops on April 4th.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
That same day, the team announced the token’s listing on the MEXC centralized exchange (CEX), adding also that it might open the door for another top-tier exchange listing.
We're thrilled to announce that the @SMOGToken Kickstarter has concluded and $SMOG will be listed on #MEXC!
🔹Deposit: Opened
🔹SMOG/USDT Trading in the Innovation Zone: 2024-04-04 09:00 (UTC)Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
— MEXC (@MEXC_Official) April 4, 2024
Season 1 of the airdrop rewarded $SMOG token holders who joined the project’s questboard on Zealy and completed daily quests and community tasks for XP.
Season 2 of the campaign now evaluates the $SMOG holder’s on-chain engagement since the token’s inception.
Investors can also earn passively by staking $SMOG tokens for an annual percentage yield (APY) of 42%.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
According to 99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, $SMOG has the potential to surge 100X on launch.
With Smog’s developer also hinting at an additional top-tier exchange listing soon, now could be a great time to buy ahead of the hype that invariably surrounds such events.
The best place to buy Smog tokens is on its official website here, where there is a 10% discount while the offer lasts.
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