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4th Test of Major Resistance: FLOKI’s Breakout Pump Could Be Explosive!

source-logo  cryptonewsland.com 18 November 2024 05:02, UTC
  • FLOKI tests resistance for the fourth time, signaling a potential massive breakout.
  • Coinbase’s listing roadmap fueled a 21% price surge, boosting investor confidence.
  • Ecosystem innovations and a token burn initiative strengthen FLOKI’s long-term growth potential.

Floki Inu is on the verge of a massive breakout. The weekly chart shows the largest reaccumulation phase ever recorded for the token. This pattern often signals a strong rally. With the price testing major resistance for the fourth time, the stage is set for an explosive move. Coinbase’s recent addition of FLOKI to the listing roadmap has added fuel to the fire, propelling the token to exciting new heights.

Coinbase Listing Ignites FLOKI’s Momentum

Coinbase’s decision to include FLOKI on the listing roadmap caused a 21% price surge. The token reached a five-month high of $0.00027, signaling increased confidence from the crypto community. As the largest U.S.-based exchange, Coinbase has also added other meme tokens like Pepe and Dogwifhat, reflecting a growing interest in this category of assets.

FLOKI operates on Ethereum and Binance Smart Chain, offering flexibility and faster transaction speeds. Lower fees and quick processing attract more users, boosting the token’s appeal. Beyond technical advantages, the ecosystem includes FLOKIFi, a DeFi platform, and Valhalla, an NFT-based metaverse game. Recent news of Valhalla’s partnership with Dubai’s Mall of the Emirates expands the token’s reach to global audiences and retail investors.

FLOKI’s Price Targets and Growth Potential

Analysts believe FLOKI is poised for a massive rally, with targets set at $0.000775, $0.001270, and $0.002810. Testing resistance for the fourth time often leads to strong breakouts. The token’s burning initiative further reduces supply, creating scarcity that may drive prices higher without relying heavily on new capital inflows.

FLOKI’s market cap has now surpassed $2.55 billion. The token gained 91.43% over the past week, trading around $0.0002675. This growth reflects strong community support and rising adoption. As partnerships grow and technical patterns align, FLOKI appears ready for an explosive move.

The 4th test of major resistance highlights a turning point for FLOKI. From technical setups to expanding ecosystem use cases, the token shows remarkable potential. Investors and traders should prepare for what could be a historic moment in the meme token’s journey.

cryptonewsland.com