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The FLOKI price surged 36% in the past 24 hours to trade at $0.000249 as of 03:36 a.m. EST on trading volume that soared 104% to $1.1 billion.
Floki is a top gainer among major meme coins with sector titan DOGE up just 14% in the last 24 hours. The token’s rise coincides amid a resurgent meme coin sector, which gained almost 14% to reach a market cap of $53.9 billion.
FLOKI Price Bulls Aim To Push The Price Over The Bullish Pennant
The FLOKI price has been gaining in March, after coming up from a consolidation level of around $0.000031. FLOKI bulls were able to push the price through a markup phase to the resistance around $0.00037.
However, there has been a struggle for dominance around this range, with the price fluctuating within a consolidation channel. The entire price movement has formed a bullish pennant, with the bulls aiming to surpass the upper boundary of the pennant to push the price even higher.
FLOKI is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirm the bullish sentiment supporting the price.
Additionally, the Relative Strength Index (RSI) is rebounding from the oversold region at 65 at heads to the 70-oversold region. An increased momentum could push the price past level 70, indicating intense buying pressure and overall investor optimism.
The Moving Average Convergence Divergence (MACD) also supports the bullish prospects of the FLOKI price, as the moving average line (blue) crosses above the signal line (orange), which is a bullish crossover. A bullish crossover often encourages investors to buy more, which could propel the price to higher levels.
Additionally, the green bars have started forming over the neutral line, which shows that there is some growing positive momentum. The Average Directional Index (ADX) further supports this, as it trends over level 20 at 30, which shows that the current bullish trend is very strong.
FLOKI Price Prediction
The FLOKI price analysis shows that the bullish momentum is steady, as the bulls aim to push the price over the upper boundary of the bullish pennant, to breach the resistance at $0.00037, as they aim to push the price to $0.00042.
Additionally, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.000030, which could suggest further potential for upward movement if the momentum remains strong.
In an inverse scenario, the price could slip below the channel’s lower boundary at $0.000199. In this scenario, the bears could take control of the price, forcing the bulls to retreat to $0.00013758, which coincides with the 200-day SMA.
One interesting alternative to FLOKI in the meme coin space is Sponge V. If you missed SPONGE V1’s 100X surge last year in a bear market, you may want to buy Sponge V2 before it lists on multiple additional top-tier exchanges soon.
Sponge V2: An Opportunity For 10X Returns
Sponge V2 continues to attract more attention from the crypto community following its relaunch on the Polygon Network.
Sheeeshhhh $SPONGE flexing hard#SpongeV2 #100x #AltSeason pic.twitter.com/5VIxCKmiwE
— $SPONGE (@spongeoneth) March 21, 2024
The project represents the evolution of the $SPONGE token and aims to leverage its past success and improve on it by the inception of new and exciting features.
You still have a chance with #SpongeV2… don't miss out again 💦$SPONGE #MemeCoin #Bullish pic.twitter.com/HuKpH3JTFI
— $SPONGE (@spongeoneth) March 19, 2024
Buy And Stake $SPONGE V2, Get Rewards
You can also earn passively through Sponge V2’s unique staking component, which offers an impressive 407% annual percentage yield (APY) on the Polygon Network.
Sponge V2’s innovative play-to-earn (P2E) game, Sponge Racer, has also contributed to its appeal, where you will get to engage in racing competitions that will earn you token rewards.
Jacob Bury, a crypto analyst and YouTuber, believes that Sponge V2 has the potential to surge 10X on launch.
Sponge launched at $0.000025 last year and has surging 9,969% since then to the current V2 price at $0.002492.
Don't get left behind…again 🧽💦#Sponge #SpongeV2 #MemeCoin pic.twitter.com/moe6mphwPi
— $SPONGE (@spongeoneth) March 17, 2024
New listings are expected to give the meme coin another boost, so buy now if you are interested before it’s too late.
To join the presale, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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