{"id":521853,"date":"2024-05-16T09:19:24","date_gmt":"2024-05-16T09:19:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=521853"},"modified":"2024-05-16T11:54:54","modified_gmt":"2024-05-16T11:54:54","slug":"is-it-too-late-to-buy-floki-floki-price-soars-8-as-this-new-ai-meme-coin-comes-to-within-a-whisker-of-2-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-floki-floki-price-soars-8-as-this-new-ai-meme-coin-comes-to-within-a-whisker-of-2-million","title":{"rendered":"Is It Too Late To Buy FLOKI? FLOKI Price Soars 8% As This New AI Meme Coin Soars To Within A Whisker Of $2M"},"content":{"rendered":"

The FLOKI price rose 8% in the last 24 hours <\/span>to trade at $0.0002138<\/span><\/a> as of 00:15 a.m. EST on trading volume that skyrocketed 108% to $68 million.<\/span><\/p>\n

This comes amid a meme coin frenzy, with sector titans DOGE and SHIB rising 7% and 8%, respectively, in the last 24 hours. Overall, the meme coin sector’s market capitalization has surged 6% to $55 billion.<\/span><\/p>\n

FLOKI Price Set To Rally After Breaching The Ascending Triangle<\/strong><\/h2>\n
\"FLOKI
FLOKIUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

The FLOKI price has been on a downtrend after hitting a yearly high of $0.00338, as it found support around $0.0001236, as data from <\/span>GeckoTerminal<\/span><\/a> shows. The support level allowed FLOKI to rise, with the price fluctuating within the ascending triangle pattern.<\/span><\/p>\n

Floki bulls have already breached the upper boundary of the triangle, prompting a sustained bullish stance. It also trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the overall bullish sentiment set to rally the price even more. <\/span><\/p>\n

The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.0001744, encouraging bulls to buy more.<\/span><\/p>\n

The reading on the Relative Strength Index (RSI) shows that investors are buying more. Currently, the RSI is closing in on the 70-overbought region, currently at 69. If the bullish momentum continues, the RSI could easily cross the 70-overbought region to indicate intense buying pressure.<\/span><\/p>\n

Additionally, the Moving Average Convergence Divergence (MACD) further calls on investors to buy more. The MACD line (blue) crosses above the signal line (orange), forming a bullish crossover.<\/span><\/p>\n

The green bars on the histogram also extend above the neutral line, an indication that FLOKI is on a positive momentum to the upside.<\/span><\/p>\n

FLOKI Price Prediction<\/strong><\/h2>\n

The FLOKI price analysis on the 4-hour chart indicates that FLOKI is on bullish momentum to the upside as it aims to breach the upper boundary of the ascending triangle, targeting $0.00030.<\/span><\/p>\n

Major indicators, including the RSI and MACD, show increased investor buying, which could further boost the FLOKI price.The price movements have formed a down-base-rally pattern, using the demand zone to attract buyers and indicating a shift in market sentiment towards a bullish rally.<\/span><\/p>\n

However, with the RSI and MACD showing that the asset is highly overbought, a looming price correction could occur as investors book profits. In such a scenario, FLOKI could undergo a retrace back to the support zone around $0.0001698, coinciding with the 200-day SMA.<\/span><\/p>\n

As the FLOKI price soars, some investors are pivoting to the AI meme coin, WienerAI, a hybrid token that aims to use its AI capabilities to follow the success of other dog-themed meme coins like DOGE and SHIB.<\/span><\/p>\n

99Bitcoins, a prominent crypto YouTube channel boasting over 700,000 subscribers, says that $WAI has the potential to soar 100X on launch.<\/span><\/p>\n