Join Our Telegram channel to stay up to date on breaking news coverage
The Flockerz price has pumped 46% in the last 24 hours to trade at $1.70 as of 02:13 a.m. EST on trading volume that surged to $2.33 million.
The surge in the FLOCK price has made the crypto the number 1 trending token on CoinMarketCap.
Flockerz Price Aims For A Breakout
The FLOCK price analysis on the 5-minute chart displays a significant price surge followed by a steep correction, forming a falling wedge pattern.
After an initial parabolic rise, a sharp rejection occurred, leading to a consistent downtrend with lower highs and lower lows.
Currently, the price is consolidating within a tightening wedge, suggesting a potential breakout.
The upper trendline, acting as resistance, has capped multiple breakout attempts, while the lower trendline, serving as support, has consistently prevented further decline.
Despite the pattern, the price of Flockerz is still up 46% and shows signs of a breakout, according to GeckoTerminal data.
A breakout could push the price of Flockerz above the current resistance level within the 50-period Simple Moving Average (SMA) on the 5-minute chart. However, FLOCK might struggle to reach the 200-period SMA level at $0.002017, which could act as a long-term resistance level.
The Relative Strength Index (RSI) sits just below the neutral 50 level, indicating slight bearish pressure but that the meme coin is not yet in oversold territory.
If buyers step in and break above the upper trendline, the first resistance target will be around $0.002017 (200-period SMA).
However, if the price of FLOCK fails to hold above the lower wedge, a retest of the $0.001100 mark or even lower could occur before a potential reversal.
As the Flockerz price surges, investors are also buying a new meme coin called Meme Index (MEMEX).
According to crypto analyst and YouTuber Jacob Bury, who has over 54.8k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Presale Hits $3 Million – Best Crypto To Buy Now?
Meme Index is a truly innovative project offering supercharged rewards for presale investors.
With over $3 million raised so far, Meme Index is introducing the world’s first decentralized meme coin index that provides investors with a comprehensive view of the meme coin market.
The platform offers four distinct investment baskets—Titan, Moonshot, MidCap, and Frenzy—catering to various risk appetites. These baskets range from including established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to featuring emerging, high-potential, and high-risk meme coins.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
By holding MEMEX tokens, investors gain access to these curated portfolios, simplifying the process of investing in the meme coin sector.
A standout feature of Meme Index is its staking program, which is currently offering an annual percentage yield of approximately 749%.
You can purchase MEMEX tokens on the official website for just $0.0156557 to participate in the presale.
Buy MEMEX here to lock in the best deal before its price increases in less than 2 days.
Related News:
- 5 Crypto Investments That Could Bring Huge Returns in February
- Best AI Agent Crypto To Buy Now Amid DeepSeek China AI Fears
- TRUMP Pumps 10%, But Investors Pile Into This New $62 Million PEPE ICO
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
