{"id":623888,"date":"2025-02-04T13:13:36","date_gmt":"2025-02-04T13:13:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623888"},"modified":"2025-02-04T13:13:36","modified_gmt":"2025-02-04T13:13:36","slug":"floki-price-prediction-flocki-surges-24-but-investors-rush-to-buy-this-meme-coin-rival-ahead-of-its-megaburn-event","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/floki-price-prediction-flocki-surges-24-but-investors-rush-to-buy-this-meme-coin-rival-ahead-of-its-megaburn-event","title":{"rendered":"Floki Price Prediction: FLOCKI Surges 24%, But Investors Rush To Buy This Meme Coin Rival Ahead Of Its MEGABURN Event"},"content":{"rendered":"

The Floki price has surged 24% in the last 24 hours to trade at $0.00009638 as of 1:00 a.m. EST on a 6% drop in trading volume to $369 million.<\/p>\n

Floki Price Signals An Upcoming Rebound<\/h2>\n

The FLOKI price has come under intense selling pressure after reaching an intraday high of $0.00010589 before slipping to a low of $0.00009557. This movement has raised concerns about a potential breakdown below key technical levels.<\/p>\n

The latest decline comes amid a prolonged downtrend that began after FLOKI’s parabolic rally in November, where prices surged before reversing into a bearish channel. Multiple sell signals have appeared on the meme coin’s chart, reinforcing bearish sentiment. However, FLOKI is now testing a major support zone between $0.00009500 and $0.00010000, a level that previously triggered strong buying interest.<\/p>\n

\"Floki<\/p>\n

FLOKIUSD Analysis Source: Tradingview<\/p>\n

Floki Price Nears Oversold Levels – Will Buyers Spark A Rebound?<\/h2>\n

According to technical indicators, FLOKI may be approaching oversold conditions, with the Relative Strength Index (RSI) at 30.74, just above the oversold threshold of 30. This could indicate that a short-term rebound is possible, especially if buyers step in at the current support level. A successful bounce could see the Floki price retest resistance at $0.00011815, with further upside potential toward $0.00015000 if bullish momentum strengthens.<\/p>\n

On the flip side, if FLOKI fails to hold above $0.00009500, it could trigger a deeper decline, with the next major support near $0.00008000. Given the sustained downtrend, traders remain cautious, watching for signs of a trend reversal or further selling pressure.<\/p>\n

The next few trading sessions will be crucial, as FLOKI’s reaction at the support zone will determine whether a relief rally or a new leg down will be next. Investors are advised to closely monitor buying volume and price action before making their next move.<\/p>\n

Traders Flock To Catslap (SLAP)<\/h2>\n

As the Floki price struggles to bounce back, more traders are turning to new meme coin, Catslap (SLAP)<\/a>, the token behind a viral web game where players earn crypto by slapping cultural icons.<\/p>\n

The Catslap team recently burned $1 million worth of tokens, effectively reducing the total supply and potentially driving positive price momentum for the popular Slap-to-Earn cryptocurrency. To date, a total of 1.2 billion SLAP tokens, valued at over $1.5 million, have been burned, reinforcing the project’s deflationary model.<\/p>\n

Additionally, the Slapdrop contest successfully distributed a $100,000 prize pool, further fueling engagement within the community.<\/p>\n

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It's done. We just burnt $1,000,000 of $SLAP<\/a>https:\/\/t.co\/grFgQzV4ej<\/a> pic.twitter.com\/iMG1HkF0Ri<\/a><\/p>\n

— Catslap (@CatSlapToken) January 31, 2025<\/a><\/p><\/blockquote>\n