{"id":624478,"date":"2025-02-06T08:59:22","date_gmt":"2025-02-06T08:59:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624478"},"modified":"2025-02-06T08:59:22","modified_gmt":"2025-02-06T08:59:22","slug":"floki-price-prediction-floki-plummets-5-as-investors-shift-to-this-ai-pepe-thats-raised-5-2-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/floki-price-prediction-floki-plummets-5-as-investors-shift-to-this-ai-pepe-thats-raised-5-2-million-in-presale","title":{"rendered":"Floki Price Prediction: FLOKI Plummets 5% As Investors Shift To This AI Pepe That\u2019s Raised $5.2 Million In Presale"},"content":{"rendered":"

The Floki price plummeted 25% in the last week and 5% in the last 24 hours to trade at $0.00009442 as of 00:12 a.m. EST on trading volume that dropped 41% to $166 million.<\/span><\/p>\n

Floki Price On A Sustained Bearish Trend<\/b><\/h2>\n

The <\/span>FLOKI price<\/span><\/a> analysis on the 4-hour chart exhibits a clear downtrend within a falling wedge pattern, indicated by two converging trend lines. <\/span><\/p>\n

The Floki price has been making lower highs and lower lows, which suggests strong bearish momentum in recent weeks.<\/span><\/p>\n

Currently, FLOKI is attempting to break out of this descending wedge, hovering around $0.00009422. However, the price of Floki remains below key moving averages, which suggests that bearish pressure is still dominant, according to <\/span>GeckoTerminal<\/span><\/a> data<\/span><\/p>\n

The 50-day Simple Moving Average (SMA) (white line) is acting as a dynamic resistance, while the 200-day SMA is positioned even higher at $0.00014871, confirming that the long-term trend remains bearish. If bulls can push the price above the 50-day SMA, it could signal an early sign of recovery.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) shows signs of a slight rebound, with the blue MACD line crossing above the orange signal line.<\/span><\/p>\n

\"Floki
FLOKI\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Will FLOKI Rally Or Crash?<\/b><\/h2>\n

Given the current technical setup, FLOKI remains in a downtrend, but there are early signs of a possible bottoming formation near the lower boundary of the falling wedge pattern. <\/span><\/p>\n

If the Floki price continues to struggle below the 50-day SMA ($0.00011265), we may see further declines towards $0.00009000 or even lower within the channel.<\/span><\/p>\n

Conversely, if the price of FLOKI bulls push FLOKI above the falling wedge and 50-day SMA, a rally towards the 200-day SMA ($0.00014871) could be on the horizon.<\/span><\/p>\n

Meanwhile, investors are rushing to buy a new AI agent crypto called <\/span>MIND of Pepe (MIND)<\/span><\/a>. 99Bitcoins, a popular crypto channel on YouTube with over 724K subscribers, says MIND has the potential to soar 20X after its launch.<\/span><\/p>\n