thenewscrypto.com
- Floki surged 28% in the past 24 hours, rising from $0.0001515 to $0.0001941.
- Analyst Scofield hinted at a big marketing announcement on July 17.
In renewed bullish activity across the cryptocurrency market, propelled by Bitcoin’s recent surge to $63,000, meme coins have once again captured the spotlight. Among them, Floki, a meme-based cryptocurrency inspired by Elon Musk’s dog, has seen significant movements. Today, Floki recorded a 28% increase, pushing its price to $0.0001866 and its market cap to $1.78 billion.
Following a recent downturn that saw Floki plummet from its all-time high of $0.0003462 to a low of $0.00012—marking a steep 65.3% decline. However, the meme coin has recently found stability above $0.00018. This stabilization coincided with a global market recovery, lifting Floki from $0.0001515 to $0.0001941 in a single day. This marked 28% growth and placed it among the top gainers.
At the time of writing, Floki traded at $0.0001866 with a daily trading volume of $464 million. Over the past week, the memecoin has surged by over 30%, reflecting renewed investor interest in meme coins.
Further, analyst Scofield teased a major marketing announcement scheduled for July 17, suggesting it could ignite significant interest in the token.
Will $FLOKI Continue Its Rally?
Floki continues its uptrend and is currently trading at levels seen before it hit its all-time high. According to the $FLOKI price prediction, breakouts above $0.0002059 are on the horizon. That hints at reclaiming key technical levels like the 50-day and 100-day EMA. If the memecoin sustains momentum, it could propel the crypto to challenge its all-time high resistance of $0.000349.
In cases of market corrections, Floki may find support around established trendlines and prop up a bullish outlook. Looking ahead, the daily chart indicates a sideways mid-term trend, with $0.0001721 and $0.0001289 as pivotal resistance and support levels, respectively. Additionally, meme coins like PEPE, WIF, and MOG follow Bitcoin’s recovery trend.