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The FLOKI price rose 11% in the last 24 hours to trade at $0.0002337 as of 11:55 p.m. EST on trading volume that skyrocketed 110% to $760 million.
This comes amid a meme coin frenzy triggered by increased optimism over the prospects for approval of Ethereum ETFs (exchange-traded funds).
The market capitalization of the meme coin sector surged 4% to a $60 billion, with titans including DOGE and SHIB registering positive gains.
FLOKI Price To Sustain Its Bullish Stance Over The Rising Channel
The Floki Price has been on a downtrend since hitting a yearly high of $0.0003303, as the bulls retreated to $0.0001284 support, data from GeckoTerminal shows.
The $0.0001284 support allowed the bulls to push the price steadily within the confines of the rising channel pattern. FLOKI bulls are aiming to continue with this surge over the upper boundary of the channel.
FLOKI also trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside.
The Relative Strength Index (RSI) is also rebounding from the 50-midline level to trade at 72, indicating intense buying pressure, a signal to buy as buyers have an upper hand over the sellers.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the MACD line (blue) crosses above the signal line (orange), an indication of a bullish crossover. A bullish crossover encourages the bulls to add more to their buying positions, which could push the FLOKI price even further.
FLOKI Price Prediction
The FLOKI Price long-term analysis shows a bullish bias, with the bulls aiming to push the price above the rising channel pattern, as they target $0.000330.
Major indicators, including the RSI and MACD, support the bullish prospect of the price, which may encourage optimistic investors to buy more. Additionally, the 50-day crosses above the 200-day SMA, forming a golden cross around $0.0001744, further supporting the bullish sentiments.
The rally to the upside is also supported by the formation of the down-base-rally pattern, with the demand zone acting as a point of reversal from a downtrend to a sustained uptrend, which signified a shift in market sentiment.
However, the RSI and MACD indicate that the asset is highly overbought, which may prompt an incoming price correction. This may then drive FLOKI through a retrace back to the support zone around $0.0002072 on the 50-day SMA.
As the FLOKI price continues to surge, some investors are hedging their bets by also buying into the WienerAI presale. $WAI aims to leverage its AI capabilities to emulate and surpass the success of other dog-themed tokens like DOGE and SHIB.
According to 99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, $WAI has the potential to soar 100X after launch.
WienerAI Presale Garners Over $2.5 Million, Hurtles Towards Its $2.7 Million Target
Dog-themed cryptocurrencies have gained traction in the recent past, as they aim to follow in the paw prints of Dogecoin. But while newcomer WienerAI (WAI) is a dog-themed meme coin, it’s also turning heads by taking meme coins in a new direction.
Thousands of people are bringing WIENER into their lives.
Will you join them?
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/xmm2XFP3dQ
— WienerAI (@WienerDogAI) May 12, 2024
WienerAI combines two of the hottest themes in crypto: meme coins and AI.
The project integrates a trading bot that uses artificial intelligence to become an investment assistant for holders as it analyzes markets to find the best trades.
REASONS 1-10:
AI TRADING BOT. WIENER DOGS.
That is all.
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/DcnEkAZFbQ
— WienerAI (@WienerDogAI) May 21, 2024
The project is ambitious, too, imagining a future where a sentient wiener dog/AI hybrid becomes “the universe’s most powerful cybernetic being.”
Token holders can stake $WAI for an impressive 393% annual percentage yield (APY), with the team setting aside 20% of its total supply for staking rewards.
CONGRATS!
WEENIES ARE BEING STAKED AND STACKED AT RECORD SPEED!
Get yours here: https://t.co/k7IFimoTWr
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/WCVGZRODer
— WienerAI (@WienerDogAI) May 11, 2024
The WienerAI presale has already raised more than $2.5 million as it hurtles toward its next target of $2.7 million.
You can purchase $WAI tokens on the official website here for $0.000709 each. You can use ETH, USDT, or a bank card to make the purchase.
If you are interested, buy soon because there will be a price hike in one day.
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