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The FLOKI price has plunged 10% in the last 24 hours to trade at $0.0002542 as of 8:23 a.m. EST.
Over the past two weeks, FLOKI has surged by 348%, and over a month it’s skyrocketed 668% to rank as the 55th biggest crypto with a $2.5 billion market capitalization.
FLOKI Price Remains Flat Within The Consolidation Channel
FLOKIUSDT Analysis By Tradingview
The struggle for price dominance has led to the formation of the consolidation channel within the ranges of $0.0002995 and $0.0002202 as the FLOKI price remains stable trading within the consolidation channel.
The gradual ascent from the support level of the $0.00003585 mark helped the bulls gain momentum to push the price higher to 0.0001736. After a short correction to the support zone at $0.00009782 ad the bulls took charge of the price, continuing the uptrend to the $0.0002995 resistance.
Moreover, the 50-day and 200-day Simple Moving Averages (SMAs), confirm the bullish sentiment supporting the FLOKI price.
The Relative Strength Index (RSI) indicates a rebound below the 50 midline level at 46. Increased momentum should push the RSI to the overbought level of 70.
FLOKI Price Bulls Momentum Aims For A New High Above The Consolidation Channel
The bullish momentum in FLOKI’s price remains steady as buyers initiate a rebound on the 50 SMA aim to surpass the current resistance level at $0.0002995. Additionally, the Golden Cross suggests further potential for upward movement if the momentum remains strong, potentially leading to a peak in the coming weeks.
In a converse situation, the price could slip below the channel’s lower boundary at $0.0002202. This might encourage the bears to take control and drive the price down, forcing the bulls to retreat to the $0.0001761 support zone.
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The 5SCAPE presale has generated more than $1.2 million. It’s currently in stage 1 out of a planned 12 stages, with a price of $0.00187 per token. Investors are advised to act swiftly and make their purchase before the price rises to $0.00215 in just over two days. The listing price will be $0.01.
5SCAPE holders can stake their tokens and earn rewards by actively engaging in the project. They can also explore the future of gaming with 5th Scape by engaging in the revolutionary world of Web3 gaming through its play-to-earn feature allowing them to earn passive income.
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The project has caught the attention of crypto analyst and YouTuber Michael Wrubel, who says he is bullish on the token.
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