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The FLOKI price jumped 12% in the past 24 hours to trade at $0.000278 as of 00:03 a.m. EST on trading volume that soared 32% to $1.8 billion.
This comes as FLOKI defies the current meme coin correction, with the entire market cap dropping 6%. The correction has also affected major players in the sector, with DOGE dropping 5%, SHIB 8%, and PEPE 7%.
FLOKI Price Bullish, Set To Surpass The Bullish Pennant
The FLOKI price has been gaining massively since the start of March, registering a 600% price increase. FLOKI bulls seem based, remaining resilient as they aim to sustain the bullish momentum over the bullish pennant, having tested the $0.00029 resistance twice.
FLOKI is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the bullish trend to the upside.
Additionally, the Relative Strength Index (RSI) is climbing up from the midline levels towards the overbought region. If the bullish momentum is sustained, the RSI could soar to the 70-overbought region, an indication of growing investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. Investors often use the bullish crossover as a signal to take more buying positions.
Additionally, the green bars on the histogram extend over the zero line as they start forming, an indication of a growing positive momentum. The Average Directional Index (ADX) is bound northwards at level 50, showing a very strong bullish trend as the bulls aim to propel the price.
FLOKI Price Prediction
The FLOKI price analysis on the 4-hour chart shows a bullish bias, as the bulls aim to surpass the $0.00029 resistance level, propelling the price over the upper boundary of the bullish pennant.
Additionally, the 50-day SMA is trading above the 200-day SMA, with a golden cross forming around $0.000035. With the MACD, ADX, and RSI showing a continued uptrend, the bulls aim to capitalize on this to catapult the price to the next target at $0.00045.
However, if the bears take charge of the price at this level, this could see the price drop down through a retracement back to the $0.00012 level, which acts as the major support and a cushion against downward pressure.
As the FLOKI price soars, investors are also looking at competitor Scotty the AI, which sold out after raising more than $5 million in the past week and a total of $6.8 million. It’s now offering one last chance to buy.
Scotty the AI Raises $6.5 Million Ahead Of Launch
The Scotty the AI (SCOTTY) presale sensation created a storm with its unique position as a meme coin with innovative AI powers.
$SCOTTY Daily News
🎉please see below the SCOTTY DAILY
Strong buying into presale has raised over $6.5M
💥join $SCOTTY herehttps://t.co/zRmy4g8hfW
🗞️ScottyTheAi daily news 👇#cryptocurrencies #Bitcoin #Ethereum #memecoin $SHIB #Binance pic.twitter.com/4Bo8hq3AIK
— Scotty The Ai (@ScottyThe_Ai) March 11, 2024
The project stands out within the meme coin sphere with two major AI components: Scotty Swap and ScottyChat. Scotty Swap uses AI to allow for secure token swaps while ScottyChat revolutionizes crypto discussions by offering an AI-driven chatbot and crypto companion.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $6.5M
🎉 this was raised way faster than expected due to the high demand of the crypto community wanting to join ScottyTheAi.
Well on our way to closing out presale early and heading for… pic.twitter.com/wOoGVbBYnT
— Scotty The Ai (@ScottyThe_Ai) March 10, 2024
Stake $SCOTTY, 37% Annual Rewards
You can also stake your acquired $SCOTTY tokens, which earns a 37% annual percentage yield (APY).
CryptoNews, a renowned YouTube channel, believes that Scotty the AI has the potential to surge 10X on launch.
With Scotty sold out, there is now one last chance to participate early in the project by buying $SCOTTY at the launch price of $0.01 per token. That chance will last less than seven days, so interested investors should act fast.
To participate in the presale, you can buy the tokens from the Scotty the AI official website, and exchange ETH or USDT for $SCOTTY. You can also make purchases using your bank card.
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