thenewscrypto.com
- Floki shows high volatility with strong bullish momentum despite recent declines.
- Analyst predicts potential 96% surge due to Hidden Bull Divergence.
Floki, the popular dog-themed memecoin, has attracted significant market attention in the past 24 hours due to its highly volatile price action. The coin hit a 25-day high of $0.00016248, only to decline by 1.21% shortly after. Despite this dip, trading volume surged by 42% during the same period. Floki is currently trading at $0.0001534, marking a 21% increase over the past week, even though the price has declined by 16% over the last month. Bulls remain strong despite the recent fluctuations.
Javon Marks, a noted crypto analyst, recently shared his outlook on Floki via X (formerly Twitter), suggesting that the coin could be on the verge of significant price movement. Marks highlighted a recently confirmed Hidden Bull Divergence—a technical pattern often seen as a precursor to bullish price action.
He believes this could propel Floki to a substantial climb, potentially targeting $0.0002761498, which would represent a 96% gain from its current level. Marks also suggested that breaking above this target could open the door for further gains, potentially reaching $0.0005467298, indicating an additional 90% increase.
Meanwhile, notably a week ago, Floki secured a new one-year agreement that will see the FLOKI token and its play-to-earn Valhalla game prominently featured across various English Premier League (EPL) platforms. The Premier League, the highest level of English football, includes 20 clubs, with Floki partnering with Nottingham Forest. The Valhalla game logo also appears on Sunderland AFC jerseys, further integrating the coin into mainstream sports culture.
Can FLOKI Sustain The Momentum?
On the technical front, Floki is entrenched in a bullish trend, with the 9-day Exponential Moving Average at $0.00014233. The daily Relative Strength Index (RSI) stands at 59, indicating neutral market conditions.
If the bullish momentum persists, the next resistance level is $0.00018827, while continued bearish sentiment could see the price drop to $0.0000956.