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FLOKI Price Surges 10%, But Investors Are Rushing To Buy This Dogecoin Derivative Before Time Runs Out

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The Floki price surged 10% in the past 24 hours to trade for $0.00029 as of 05:01 a.m. EST on trading volume that soared climbed 5%.

Floki Inu continues to bask in the rays of the Ethereum spot ETF (exchange-traded fund) approval on March 23 as it trends alongside Shiba Inu (SHIB) and Pepe (PEPE). According to the FLOKI ecosystem, the surge is attributed to the Floki Trading Bot beta launch and the start of trading on Coinbase futures on Thursday.

FLOKI Price Prediction

The Floki price is trading with a bullish bias after breaking above the confines of the ascending parallel channel. The odds continue to favor the upside, with the RSI recording higher lows to show a growth in bullish sentiment.

The Moving Average Convergence Divergence (MACD) has also maintained above the orange band of the signal line. This shows that bullish sentiment is still growing and that the upside potential for the FLOKI price remains viable.

If bullish momentum grows enough to overcome resistance due to the equal highs of $0.0003115, the FLOKI price could extend a neck higher to tag the $0.0003314 roadblock. A break and close above the aforementioned level would send the Floki Inu price to a new all-time high.

It is worth mentioning that the FLOKI price has historically followed Shiba Inu (SHIB) whenever it rallies, only more aggressively. Traders looking to take long positions on the FLOKI price should therefore watch for a buy signal on the Shiba Inu price.

Meanwhile, markets are also expecting that the largest exchange in the US, Coinbase, will list Floki Inu for perpetuals trading on May 30. With this, a Coinbase effect, where the asset to be listed rallies, should be expected.

FLOKI price

GeckoTerminal: FLOKI/USDT 1-day chart

Converse Case

Conversely, if the RSI, which is now forming a dome shape, crosses below the 70 threshold, it would signify that FLOKI is ripe for selling. This is based on Welles Wilder’s interpretation of an overbought asset. Such a move would provoke a sell-off. This could see the FLOKI price extend the fall.

In case of a downtrend, the FLOKI price could drop to $0.0002683, below which the Floki price could roll over to find the next support at $0.0002204. A breakdown of this support level would toss FLOKI in the hands of the bears. In a dire case where the price slips below $0.0001756, it would invalidate the bullish thesis.

While Floki is in something of a sweet spot at the moment, investors looking for diversification into similarly fortunate assets might consider DOGEVERSE. This presale is offering investors a last chance to buy after raising more than $15 million in one of the most successful ICOs of the year.

Promising Alternative To FLOKI

Dogeverse is a pioneering force in the crypto universe as the first meme coin to launch on the six most used blockchains after Bitcoin. It calls itself “The World’s First Chain Traveling Doge.”

While most meme coins are limited to just one blockchain network, Dogeverse is atop Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains. There are multi-chain cryptos already, but none are as expansive and interconnected as Dogeverse.

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The value addition of this concept for users is that they can easily explore various DeFi applications, NFT marketplaces, and other innovations, all utilizing their $DOGEVERSE tokens.

On April 26, Dogeverse ventured into its sixth native chain, Solana. The SOL-specific version of the Dogeverse website makes it possible to buy DOGEVERSE tokens using Circle’s USDC, the choice stablecoin on the Solana network.

Dogeverse’s powering token, DOGEVERSE, is selling for $0.00031. With a last call to buy DOGEVERSE, act now if you are interested before the token launches.

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Also Read:

Dogeverse - Multichain Meme Coin


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