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Floki Inu (FLOKI) is among the themed digital tokens stealing the show as enthusiasts await broad market rallies.
Meanwhile, the developers have supercharged the FLOKI community with an exciting giveaway.
The project announced an upcoming GIF contest, which will see winners walking away with $100 USDT each.
FLOKI GIFAWAY ($2,000)$FLOKI is launching an exciting GIF contest with a $2,000 prize pool – 20 winners will receive $100 USDT each!
— FLOKI (@RealFlokiInu) July 11, 2024
How to Enter:
1. Design a new and original Floki-themed GIF.
2. Upload your GIF to Tenor and include the keywords 'Meme,' 'Floki,' and other… pic.twitter.com/JYV46g5keK
The $2,000 context will end on 26 June at 3 pm UTC and welcomes all interested players.
The Floki team has been active in keeping the asset in the limelight, and its massive marketing campaign in New York could testify to that.
Joining the Floki GIF context
Individuals interested in participating in Floki Inu’s giveaway must follow simple steps.
Firstly, they should design an original FLOKI-themed GIF and upload it to Tenor.
Users should describe their GIFs with relevant keywords such as ‘Meme’ and ‘Floki’.
The third step involves posting the creation on X with FlokiGIFAWAY and Floki as the hashtags.
Finally, they will use the provided Google form to verify entries.
The contest, scheduled to end on 26 July, requires a single entry per person and will not accept stolen entries and old GIFs.
Current FLOKI price outlook
The themed token struggled at $0.0001495 after losing 1.80% of value in the previous 24 hours.
The bearishness comes after FLOK met a crucial resistance near $0.000150 last week.
A break past this resistance, which coincides with 200d EMA at $0.000152, could shift FLOKI’s trajectory to bullish.
A decisive close beyond $0.000152 might trigger a 20% surge towards the 3 July peak of $0.000186.
Moreover, the lower low on the 24-hour chart on 5 July contrasts with RSI’s higher high, printing a bullish divergence.
Bullish divergences often preced short-term uptrends or trend reversals.
Also, FLOKI’s MVRV ratio improved in the last few days, reinforcing the upward stance.
IntoTheBlock’s IOMAP indicator shows around 452 wallets purchased 66.92 billion Floki Inu assets at $0.000145 average price.
The addresses accumulated Floki between the $0.000144 – $0.000148 price range, making it a vital support barrier.
Surprisingly, $0.000144 – $0.000148, the region highlighted from a technical analysis standpoint, matches the IOMAP data, making this area a crucial reversal place.
While ecosystem developments, on-chain data, loyal followers, and technical analysis support bullishness, caution remains paramount.
A daily candle closing beneath $0.000129 and a lower low could change the narrative to bearishness.
That might see FLOKI dropping towards the 13 April low of $0.000109 – a 15% dip.
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