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The FLOKI price soared 21% in the last 24 hours to trade at $0.0001946 as of 11:43 p.m. EST on trading volume that surged 408% to $437 million.
The jump has allowed FLOKI to outperform market titans like SHIB, BONK, and WIF, which rose 8%, 9%, and 11%, respectively. The FLOKI price surge comes as meme coins rally on news that Roaring Kitty, the personality behind the GameStop stock saga in 2021, resurfaced on X.
The development ignited a meme coin rally led by GME, with the sector’s market cap soaring 5% to $53.6 billion.
FLOKI Price Set To Soar Above The Ascending Triangle
The FLOKI price has been on a downtrend since April, which saw FLOKI drop to the support zone around $0.0001267 in mid-April, data from Geckoterminal shows. This support allowed the bulls to push the price steadily to the resistance level around $0.0002080, and the price fluctuations within this range formed an ascending triangle pattern.
With FLOKI crossing the lower boundary of the triangle, the bulls are aiming to continue with this breakout to push the price over the upper boundary of the triangle.
FLOKI trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish stance to the upside.
Moreover, the Relative Strength Index (RSI) trades upwards at level 68 as it heads to the 70-overbought region. If the bullish stance is sustained, the RSI could easily cross into the overbought region, showing continued investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing below the orange signal line to form a bullish crossover. A bullish crossover is often used by investors to signal buying positions.
Additionally, the green bars on the histogram extend over the neutral line, an indication that FLOKI is currently on a positive momentum.
FLOKI Price Prediction
The FLOKI price analysis indicates that the price is poised to rally above the upper boundary of the ascending triangle pattern, with the bulls aiming for prices above $0.000290.
The major price indicators, including the RSI and the MACD, indicate positive sentiments. FLOKI also forms a golden cross at $0.0001741, which could propel the price even higher.
However, with FLOKI’s RSI soaring to the overbought region, there could be a looming price correction which could push FLOKI down through a retrace to the support level around $0.0001492.
Meanwhile, as the FLOKI price soars, some investors are shifting to the blowout Dogeverse ICO, which has already raised more than $15 million and is now offering investors a last chance to buy.
Jacob Bury, a prominent crypto YouTuber, believes that DOGEVERSE might be the next crypto to explode after it lists.
Dogeverse Presale Blasts Past $15 Million – Last Chance To Buy Before Launch
Dogeverse (DOGEVERSE) is the first chain-traveling DOGE that investors can buy and trade on six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Coinbase, and Solana.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Dogeverse is inspired by Cosmo the Doge, which can hyperjump between crypto networks, empowering its holders to cross between various crypto chains seamlessly.
Investors can earn passively via the platform’s staking option, with an impressive 58% annual percentage yield (APY) on offer.
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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