The FLOKI Price Surges 10% In A Week, But Experts Say This AI Meme Coin Rival Might 10X

The FLOKI price surged 10% on the weekly timeframe following a 1% gain in the last 24 hours to trade at $0.0001698 as of 6:00 a.m. EST.

This strong performance over the past 7 days was not enough to erase FLOKI’s 34% plunge in the past month.

The FLOKI Price Was Unable To Break A Major Resistance

4-hour chart for FLOKI/USD (Source: GeckoTerminal)

The FLOKI price was able to break out above a medium-term negative channel throughout the past 24 hours. It then attempted to overcome the resistance level at $0.0001745, but was rejected by the technical barrier.

Now, sellers are trying to force FLOKI back within the descending channel. Should the meme coin drop back into this range, it could be at risk of falling to the immediate support level at $0.0001610. This is a crucial level to watch, because it is also confluent with the lower boundary of the Bollinger Bands (BBANDS) on the 4-hour chart.

Therefore, the FLOKI price losing the $0.0001610 support within the next couple of hours might lead to the altcoin falling to as low as $0.0001493 in the following couple of days.

On the other hand, FLOKI remaining above the negative price channel for the next 8 hours could invalidate the bearish thesis. In this alternative scenario, the meme coin might attempt to flip the $0.0001745 resistance into support. 

If successful, the meme coin could have the foundation needed to rise to the subsequent mark at $0.0001916. Before the FLOKI price potentially climbs to this key price point, it will first need to overcome the upper boundary of the BBANDS, which is also confluent with the $0.0001745 barrier.

FLOKI Price Losing Technical Strength

Technical indicators on FLOKI’s 4-hour chart suggest the meme coin’s price might drop in the upcoming 8 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs. 

Buyers seem to be losing strength, as signaled by the declining RSI values on the 4-hour chart. What’s more, the RSI line is negatively-sloped. Traders could see this as an indication that sellers are still gaining strength against their bullish counterparts. Should the RSI drop below 50, it might signal a major bearish shift in momentum for FLOKI.

Meanwhile, the MACD line is starting to collapse towards the MACD Signal line. Although the current orientation of these two lines is bullish, the narrowing gap between them suggests FLOKI’s positive momentum is losing steam.

These bearish technical signs, coupled with the fact that the FLOKI price is trading near the upper boundary of the BBANDS, warns that a correction might be looming. If this drop in the FLOKI price happens, the meme coin could fall to the aforementioned $0.0001610 support. 

While the FLOKI price starts to lose some of its bullish strength, that cannot be said about the WienerAI (WAI) presale, which is closing on $7 million in funds raised.

A Cute And Powerful AI Companion

WienerAI (WAI) is different from all of the meme coins that came before it because it includes sophisticated AI technology. With its trading bot using predictive computer models, the project aims to become a cute and intelligent companion for crypto traders.

With the ability to consume large amounts of data and almost instantaneously output a decision, WienerAI can help traders and investors make more informed decisions in the highly-volatile crypto market. 

In addition to its powerful AI technology, the project also offers token holders a seamless swap solution. Combined with WienerAI’s MEV protection, WAI investors will never miss a golden swap opportunity again. 

With everything that WienerAI offers investors, it is no wonder ClayBro told his 130,000 YouTube subscribers that WAI could soon surge 10x.

Nearly $10 Million Raised At This Early Stage

WAI has rocketed past $6.9 million raised. A potential catalyst for this investor frenzy might be the 164% APY available to presale buyers. This lucrative opportunity is open to anyone who purchases and locks up WAI tokens at this ground floor stage.

To get in on the high rewards, investors can buy WAI through the easy-to-use widget embedded on the project’s website. The token is selling for $0.000724, and can be purchased using either ETH, USDT, BNB or bank card.

Ready for the new week like a Wiener on a mission! 🌭🚀

Let's crush those trades with WienerAI, your ultimate AI trading assistant 💪🤖 pic.twitter.com/MqD8yNmHlz

— WienerAI (@WienerDogAI) June 30, 2024

Buyers will want to act fast, though, because the meme coin’s price will increase in a little more than two days.

Purchase and stake WAI here before its price increases.

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