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The FLOKI price jumped 9% in the past 24 hours to trade at $0.000148 as of 00:29 a.m. EST on trading volume that plunged 27% to $1.07 billion.
FLOKI has soared 300% in a week after the Floki Decentralized Autonomous Organization (DAO) voted in favor of burning $27.3 million worth of $FLOKI. The burn is set to happen within the week. Will this propel the price to even higher levels?
FUN FACT: The 190,918,585,431.84 $FLOKI tokens the Floki DAO voted in favor of burning in our latest DAO proposal is now worth $27,301,357. These tokens will be burnt within the week. Stay tuned for more information! 👀️ https://t.co/Nd7ahqkKcQ pic.twitter.com/dgexLqNULC
— FLOKI (@RealFlokiInu) March 3, 2024
FLOKI Price Set To Trade Above The Ascending Triangle
For the last seven days, the FLOKI price has been in a good upward trend, showing very strong potential. However, the bulls face a rejection at $0.000156, with the price fluctuating within the boundaries of the ascending triangle.
FLOKI is currently trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the current uptrend of the price.
The Relative Strength Index (RSI) shows some bullish prospects as it tries to break, heading north towards the overbought region, currently at 56. If the bullish momentum sustains, this could see the RSI soar to the 70-overbought region, signifying intense buying pressure.
The Moving Average Convergence Divergence (MACD) supports the price rejection and a slight retrace on the 1-hour chart, as the moving average line (blue) crosses below the signal line (orange). However, the MACD is trending over the zero line, which signals a likely rebound.
Additionally, the red bars indicate a looming rebound, as they trend slightly below the zero line. The Average Directional Index (ADX) coincides with the optimism of the bulls, as it trades at 31, showing a strong trend.
FLOKI Price Prediction
The FLOKI price short-term analysis shows a bullish bias, as the bulls aim to break above the upper boundary of the ascending triangle.
Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.000035. These factors could encourage the bulls to catapult the price to higher prices, currently targeting $0.000218. The surge represents a 46.72% increase from the current price.
However, the MACD seems to be heading towards the zero line. If this happens, it could trigger a price retrace, with $0.0001359 and $0.00012 acting as cushions against downward pressure.
As the FLOKI bulls continue pushing the price, analysts say Scotty the AI is a compelling dog-themed alternative with the the potential to soar 100X on launch.
Scotty the AI: A Worthy Dog-Themed Token Alternative To FLOKI
Scotty the AI (SCOTTY) has amassed over $1.79 million in its ongoing presale as it closes in on its $1.97 million target.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $1.7M
Well on our way to closing out presale and heading for that $100M marketcap.
Congratulation to all the early #Scottydogs in presale 👏
Buy Now: https://t.co/zRmy4g8hfW#BITCOIN… pic.twitter.com/In5rWYlj3K
— Scotty The Ai (@ScottyThe_Ai) March 4, 2024
Scotty the AI distinguishes itself in the meme coin space due to it being the first meme coin with AI features.
One such AI feature is Scotty Swap, which allows users to seamlessly swap ETH or BNB for $SCOTTY. Secondly, there is ScottyChat, which serves as an AI-powered crypto companion, giving users market insights and information on digital assets.
$SCOTTY marketing growing stronger. Millions of drink coasters and window stickers sent out through the USA. Looks like people are already starting to see them as telegram community members are posting pic’s. Here are a couple from Chicago and Indiana.
💥Join presale here… pic.twitter.com/ZRrC3gjv0y
— Scotty The Ai (@ScottyThe_Ai) February 26, 2024
Buy And Stake $SCOTTY, Get Rewarded, 100X Opportunity
Scotty the AI platform also has a staking option where you can easily stake $SCOTTY tokens for an impressive 85% annual percentage yield (APY).
According to Alessandro De Crypto, a crypto analyst and YouTuber with 12.4K followers, SCOTTY has the potential to surge 100X on launch.
https://www.youtube.com/watch?v=QMD0BDTjnaQ
You can take part in the presale by purchasing $SCOTTY tokens at a reduced price of $0.0068. But there are less than 10 days to buy before a price hike.
To participate in the presale, 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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