Floki Price Prediction: FLOKI Soars 4%, But Traders Pile Into This New Dogecoin Derivative That Raised $143K Within Minutes Of Launch

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Floki Price
Floki Price

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The Floki price pumped 4% in the last 24 hours to trade at $0.0001139 as of 8:58 a.m. EST. 

Despite the rise in the last 24 hours, the FLOKI price is still down 11% on the longer-term weekly time frame. 

Floki Price In A Bearish Channel, How Low Will It Drop?

FLOKI Chart Image

Daily chart for FLOKI/USD (Source: GeckoTerminal)

The Floki price has been in a negative sequence over the past week, printing a series of lower lows and lower highs during this period and resulting in the formation of a bearish channel, data from GeckoTerminal shows. 

Now, the meme coin is nearing the support level at $0.0001035. Should FLOKI drop below this mark, it could continue to trade in the channel all the way down to $0.0000824.

However, a rebound from the $0.0001035 support or a sudden change in the market could result in a test of the $0.0001232 resistance. Flipping this level into a support might then give the Floki price the foundation needed to rise to the subsequent barrier at $0.0001409.

Technicals Warn The Floki Price May Drop In The Next 24 Hours

From a technical point of view, indicators on the daily chart point to a continued drop for the Floki price. More specifically, traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI).

Over the past couple of days, the MACD line has broken away below the MACD Signal line. This often suggests that bearish momentum is picking up steam. 

Supporting the increasing bearish momentum is the drop in RSI values over the last couple of days, indicating that buyers are exiting FLOKI’s charts. Recently, the RSI has also fallen below the neutral 50 mark, a classic sign that bears have taken complete control. 

With the MACD line breaking away below the MACD Signal line, and the RSI sloped negatively, a bearish scenario is more likely to play out. If traders act on these warnings, the Floki price might end up testing the aforementioned support at $0.0001035 soon. 

While technicals flash bearish for the Floki price, traders are piling into the presale for a new meme coin rival called Maxi Doge Token (MAXI).

According to 99Bitcoins, a prominent YouTube channel with over 723K subscribers, MAXI has the potential to soar 100X after its launch.

A Meme Coin Chasing 1,000X Gains

Talk of a bull run and altcoin season are starting to circulate in the market, driven by regulatory progress in the US and a corporate crypto buying spree that shows no signs of slowing down. 

Meme coins, known for their extreme volatility and potential to deliver life-changing gains, are poised to surge soon, and new meme coin Maxi Doge is building a caffeine-fueled army that’s on the hunt for 1,000X gains.

Built on the mantra of wake up, trade, repeat, Maxi Doge won’t stop until it’s achieved generational wealth. The MAXI way is bulking up meme coin bags with no consideration for risk and uncomfortable levels of leverage in the pursuit of the trader’s high.

Maxi Doge tweet

Overall, Maxi Doge is a meme coin representation of the true crypto degen trader. Forget fundamental or technical analysis, or whitepapers and mission plans, MAXI risks everything to grab a hold of the God candles in the market before everyone else catches on.

The MAXI token will fund the endless hunt for mega green candles. There will be MAXI contests, which will see community rewards distributed to the top ROI hunters. Token holders will also gain access to attractive staking rewards that are distributed through smart contracts. 

Whales Are Flocking To MAXI’s Presale

Whales are rushing to buy MAXI while it’s in presale, and have pumped over $143K into the project’s ICO that launched only yesterday.

Interested investors can potentially become whales themselves and acquire MAXI tokens via the simple widget embedded on the project’s website. Selling for $0.00025 apiece, tokens can be purchased with either crypto or bank card. 

Once bought, tokens can then be staked for a humongous 1,681% annual return.

Interested investors will want to act fast because MAXI’s price will increase as the presale progresses. With the next ICO hike less than 5 days away, there is no time to waste. 

Visit the Maxi Doge Token website to learn more.

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