- The CMP for FLOKI is $0.00002436 trading with a decline of -4.4% resulting in a Market Cap of $243,013,030 ranking #127 on CoinMarketCap.
- Gecko Terminal integrated with FlokiFi Locker achieving a milestone in the increasing adoption of FLOKI.
- The 24-hour trading volume of FLOKI is $9,357,515 resulting in a fully diluted valuation of $244,363,384.
FLOKI has started to take rejection from the higher levels making bearish candlesticks and wicks on the top of the chart and the price has also declined by -0.1% in the last week with a low/high range of $$0.00002422/$0.00002718 presenting uncertainty in FlOKI price prediction.
FLOKI Price Prediction is a crypto that began as a joke based on Elon Musk’s dog breed but has grown into a web3 project with various features and causes. FLOKI belongs to the Floki ecosystem, which has a DeFi platform called FlokiFi, a gaming world called Valhalla, an NFT and merch store called FlokiPlaces, and an education site called the University of Floki.
FLOKI has 497,681 followers on Twitter and 57,900 Telegram users showing consistent growth on social media which is beneficial in FLOKI price prediction as it shows good engagement among the people.
FLOKI Technical Analysis
Market Structure:
The FLOKI price prediction as per the market structure suggests that it is trading in a downtrend dropping from the higher levels and making a lower low structure but recently it tried to rebound after making a low of 0.0000156170 but is again showing signs of weakness and continuing to make lower low structure resulting in continuation of the downtrend.
FLOKI Indicator Analysis
Source: FLOKIUSD.CRYPTO.1D by TradingView
EMA:
FLOKI is trading in a bearish crossover of the 20-day and the 50-day Exponential Moving Average which represents the presence of sellers in the market also the market is trading below the EMA’s after taking rejection from the same and is continuing for a downtrend momentum.
RSI:
Based on the charts the market is trading below the RSI 50 level and has bounced from the oversold zone but was unable to break the overbought area line of 70 which represents a lack of momentum in the market. If the sellers continue to drag the market down then we can see further drawdown in the values of RSI.
Conclusion
Based upon the current chart of FLOKI we can do a FLOKI price prediction by seeing that the market is trading in a bearish crossover and has taken resistance at the 100-day EMA and is continuing the trend, the RSI also is indicating a bearish signal by sustaining below the 50 level. The market structure also looks negative as it is making lower lows in the market. Hence, this can lead to lower prices in FLOKI crypto.
Technical Levels
- Support Level – The Support level for the FLOKI crypto are 0.0000236836 and 0.0000205053.
- Resistance Level – The Resistance level for the FLOKI crypto are 0.0000289807 and 0.0000351254.
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
