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The Floki price surged 4% in the last 24 hours to trade at $0.0002762 as of 4:15 a.m. EST on a 104% surge in trading volume to $958 million.
The recent surge follows the introduction of a new trading bot tool by Floki developers that allows FLOKI holders to trade any token on the BNB Chain network.
Initially, the bot will be available to a limited group of users for beta testing to iron out any technical issues. According to Developer B, they aim for a public release in mid-June.
The service will eventually be expanded to the Ethereum and Base blockchains. Developers believe this will boost demand for FLOKI tokens, as users will need to hold the coin to access the bot.
FLOKI Price Still On A Bull Rally: Bulls Sustain The Momentum
The FLOKI price continues the gradual breakout as it rallies upward above the bullish pennant formation. This pattern suggests a continued bullish trend, giving the bulls an advantage as they regroup to push the price higher.
FLOKIUSDT Analysis. Source: Tradingview.com
The stability around $0.0002119 indicates a pause in bullish activity while still holding steady above the pennant, giving the bull’s hind wings to fly the price in a bid to reclaim its previous high.
Despite facing a short bearish correction, the bullish momentum remains strong, pushing the price above the 50-day and 200-day Simple Moving Averages (SMAs). This reinforces the overall bullish trend for FLOKI. With a modest push, the price could potentially reach a new high, surpassing the $0.0003065 mark.
Additionally, the Relative Strength Index (RSI) has recovered from the oversold level of 30, gradually climbing past the 50 midline to reach 75 in the overbought zone, which signals strong buying pressure.
The MACD shows a bullish trend, with the blue line crossing above the orange line, indicating positive momentum. The histogram bars are also above the neutral level, further contributes to the bullish sentiment.
FLOKI Price Bulls Could Face A Resistance On The New All-Time High
Bulls are looking to surpass the current all-time high of $0.0003365 and push it even higher to $0.0003654 in the next few weeks.
On the other hand, if the price drops below the 50 SMA again, it could motivate the bears to push the price down further. This might prompt the bulls to find support around the $0.0002126 level.
Moreover, the bulls could face resistance at an all-time high, possibly forming a double-top pattern that could indicate a shift to a bearish trend.
AI Meme Coin WienerAI Presale Hurtles To $4 Million
As the Floki price continues its upward surge, investors who missed out might consider WienerAI, a new dog-themed project that combines AI with a meme coin.
WienerAI is poised to make a significant impact in the crypto world as one of the few new meme coins that integrates AI. It offers a unique level of utility rarely found in these playful cryptocurrencies.
Utilizing advanced AI models, WienerAI aims to give investors and traders a smart, user-friendly on-chain assistant to improve their trading capability. The WienerAI ecosystem also features a seamless swap protocol and MEV protection, all provided with zero fees.
REASONS 1-10:
AI TRADING BOT. WIENER DOGS.
That is all.
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/DcnEkAZFbQ
— WienerAI (@WienerDogAI) May 21, 2024
With 20% of the total token supply set aside for staking, investors have the opportunity to earn passive income through the platform’s staking option, which offers an annual return of 318%.
New Crypto Presale to Watch: WienerAI Meme Coin Hits $2M Milestone @WienerDogAI https://t.co/tcy2iOs0zG
— Bitcoin.com News (@BTCTN) May 17, 2024
According to Crypto Boy, a popular analyst and YouTuber, WienerAI could be the next big thing with a potential 100X return.
The WiernerAI presale has already raised over $3.2 million in funding.
3 Million raised!
As holder count grows, so does the anticipation for launch and the AI trading bot release!!
🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭 pic.twitter.com/Y19TEbKwjc
— WienerAI (@WienerDogAI) May 26, 2024
If interested, you can buy the token for $0.000711. But hurry as the price is set to increase in less than 20 hours.
Buy WAI tokens here using ETH, BNB, USDT, or a bank card.
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