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The Floki price surged 17% in the last 24 hours to trade at $0.0002587 as of 07:14 p.m. EST on trading volume that skyrocketed 40% to $1.7 billion.
The increase follows FLOKI’s listing on Coinbase, which pushed it to a five-month high above $0.00027.
Floki Price Could Still Soar
The Floki price has sharply risen recently, breaking out from a consolidation phase and forming a bullish parabolic curve. According to data from GeckoTerminal, the $0.000150 support has allowed the price of Floki to trade on a sustained bullish rally.
The current upward trajectory could still continue, as the Floki price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) (14) is at 67.21, close to the overbought zone (above 70). This suggests strong momentum, but the price might soon face a temporary pullback or consolidation as buyers begin to cool off.
The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange), reflecting strong bullish momentum. The histogram bars are positive and increasing, showing the strength of the current uptrend. There is no immediate sign of bearish divergence.
The general Floki price analysis indicates that FLOKI could still soar. Cemented by the golden cross around $0.000150, which could push the price of FLOKI to a new high around $0.00030.
However, if the price plunges, the $0.0001874 level (50-day SMA) could act as the next possible support level.
As the Floki bulls aim for a continued surge, a buying frenzy is continuing around a new meme coin that aims to knock PEPE coin off its perch.
It’s called Pepe Unchained (PEPU) and it’s raised $2.5 million in the past day alone, triggering speculation that it might be the next meme coin to list on Coinbase or Binance when its presale ends in just 26 days.
99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says it could surge 100X when it launches.
Pepe Unchained Presale Closes On $33 Million – Buy Now Before It’s Too Late
Pepe was originally built on the Ethereum blockchain and has long been confined by its Layer-1 technology, which is hampered by slow speeds, network delays, and high gas fees.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
Pepe Unchained is a token based on PEPE devising a plan to break free from his chains and embrace the future in the form of PEPU.
That’s why it comes with its own Layer 2 blockchain to tackle the scalability, speed, and efficiency issues that plague meme coins like PEPE that are built on Layer-1 blockchains like Ethereum.
Investors continue to pile into the project, which has now passed $32.5 million in funds raised to become the most successful presale of the year.
Investors can also stake their tokens for an annual yield of around 82%.
You can buy $PEPU tokens for $0.01285 each before the presale ends.
Buy $PEPU from the official website here using ETH, USDT, or a bank card.
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