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Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’

Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin.

Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu

Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice.

One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support.

Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021.

FLOKI price

Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing.

Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here.

“The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion.

FLOKI price chart from TradingView.com

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Floki Teams With Softbank Partner Rice Robotics for Tokenization of AI Data

Rice Robotics and dog-themed utility project Floki will soon launch the Minibot M1, a Floki-branded AI-powered companion robot that works on the RICE AI platform.

Floki will support the company in its blockchain push as it moves towards tokenizing its brand and AI data marketplace through TokenFi, a Floki sister project focused on tokenizing real-world assets, with support from the Floki community.

“The AI robotics market size is currently worth an estimated $22 billion and is projected to reach $100 billion by 2030, and we believe Rice Robotics is well-positioned for growth in this high-potential industry,” the Floki team told CoinDesk in a Telegram message.

RICE AI is a robotics brand with high-profile clients such as Nvidia, Softbank, Dubai Future Foundation, Mitsui Fudosan, NTT Japan, and 7-Eleven. It raised over $7 million in a pre-Series A funding round earlier this year from investors including Alibaba Entrepreneurs Fund, Soul Capital and Audacy Ventures.

RICE AI wants to make robots smarter by creating a system where robots worldwide can buy and share top-notch training data. These robots work independently without central control, making them more useful in the real world.

FLOKI prices are up 16% in the past 24 hours alongside a broader crypto market bump.

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FLOKI Poised To Follow Dogecoin In Memecoin ETP Ranks After DAO Nod

FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won “overwhelming” support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposing—a result the team described as the first time a DAO proposal passed without any vote against it.

“The proposal, which was the first time ever in which a Floki DAO proposal has been passed without a single opposing vote, will result in a portion of 16,310,285,772.6 FLOKI tokens currently residing in a ‘community buyback wallet’ being used to provision liquidity for the Floki ETP while the rest is burned,” the official announcement from the team via X emphasized.

FLOKI Aims To Mirror Dogecoin

Community members see this as a landmark event, as the Floki ETP is scheduled to debut in early Q1 2025 in collaboration with what the team calls “a respected Asset Manager and an ETP Issuer.” According to Floki representatives, it will be listed on the SIX Swiss Exchange, recognized as one of the largest stock exchanges in Europe, thus elevating FLOKI’s profile in traditional financial markets.

Currently, Dogecoin remains the only other memecoin with a live ETP, although that product is traded on Sweden’s Spotlight Stock Market; the team notes that listing on Switzerland’s exchange has the potential to draw broader attention from both institutional and retail investors seeking regulated access to crypto assets.

“When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way. This is a big move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD, with a live ETP –and Floki could become the next memecoin with an ETP besides Dogecoin,” the DAO proposal stated.

While many details remain under wraps due to nondisclosure agreements, the team further revealed that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn “if there is enough third-party liquidity in the ETP” later on.

This news comes on the heels of a recent meeting of the Commodity Futures Trading Commission’s Global Markets Advisory Committee, where the memecoin was used as a “case study of a utility token.” Observers have noted that any regulatory attention—particularly of this kind—can boost a token’s credibility in a market that remains sensitive to compliance signals.

The DAO-centric approach continues to be a cornerstone of the token’s philosophy, with frequent community votes and proposals shaping the project’s direction. Members have consistently backed initiatives focused on increasing recognition of the memcoin, which the team says aims “to be the world’s most known and most used cryptocurrency.”

Reaction from the wider crypto community has also been enthusiastic. Crypto analyst Shelby, who has a substantial following, remarked via X: “Huge milestone – FLOKI about to make history as 2nd memecoin ETP! Clear sign of institutional adoption while keeping decentralized roots. Not DOGE, not SHIB, but FLOKI leading the charge in bridging TradFi and DeFi.”

At press time, FLOKI was trading at $0.0001798. Thus, the memecoin has reclaimed the 200-day EMA, a crucial line often referred to as a “bull line.” However, the memecoin is still trading below the major resistance area between $0.000205 and $0.000215 (shown in red on the chart). Reclaiming this zone could open the gates for a new run toward the yearly high of $0.000349 from June.

FLOKI price

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Floki on Course for Europe ETP as DAO Floats Proposal to Provide Early Liquidity

Meme-turned-utility project Floki is working with an unidentified asset manager to develop an exchange-traded product (ETP) tracking its FLOKI token that could be available to investors in Europe early in the new year, one of the developers told CoinDesk.

If approved, FLOKI would be the only meme token other than dogecoin (DOGE) with an institutional product in Europe.

“We’ve been actively working with a respected Asset Manager and an ETP Issuer to launch a Floki ETP (Exchange-Traded Product) for quite a while now, and after months of due diligence and painstaking effort, we’ve been told that the Floki ETP is on track to go live in early Q1, 2025,” lead developer B told CoinDesk in a Telegram message on Wednesday.

The developers as seeking approval from the Floki DAO community to provide early liquidity to the product when it goes live. The vote runs for 48 hours and will end at 11:00 UTC on Dec. 27.

They are seeking approval to allocate part of the FLOKI required for the ETP from a treasury wallet that holds 16 billion tokens, worth just over $2.8 million at current prices. Tokens in that wallet were purchased from the open market over three years after the passage of another community vote.

If the proposal is approved, the FLOKI tokens would provide liquidity for the ETP while remaining Floki’s property and could be withdrawn if there is enough third-party liquidity in the ETP.

“The Floki ETP is currently in an advanced stage and will become tradable on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third-largest in Europe,” B said. “When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way.”

B said the team could not disclose further specifics about the ETP due to non-disclosure agreements, such as opening prices, fund structure and institutional partners.

FLOKI is up 1.1% in the past 24 hours, in line with the broader crypto market.

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FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny

FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKI’s support will be crucial in determining its next move and whether it can withstand the current downtrend.

This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom.

Is FLOKI’s $0.000110 Support In Danger?

On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines.

FLOKI

Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price.

On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown.

FLOKI

A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market.

Testing Times Ahead For FLOKI

FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas.

Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels.

FLOKI

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Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details

Floki Inu (FLOKI) is having a hard time because of bearish patterns in the market, which is making buyers nervous. Some predictions say the price could go up by 220%, hitting $0.00044 by November 26, 2024. However, new research shows that the short-term technical signs point in a different direction.

Crypto analyst Alan Santana has pointed out that the token’s current sideways movement may signal further declines. Since reaching a high in March 2024, FLOKI has been trapped in a bearish trend, unable to regain its previous momentum. After a brief rally in June, the price has stagnated, reflecting a shift in market sentiment.

According to Santana, traders should “prepare for the crash”, given the current negative market dynamics in play, based on his examination of the memecoin’s price movement.

Analyzing The Current Dynamics

The current technical indicators show a disturbing trend for Floki Inu. It seems the token is experiencing a long consolidation phase, which can be termed as a “distribution phase,” and the sellers are in charge.

The heavy trading volumes during its earlier bullish moves, particularly in February and March, have shifted to heavy selling in recent weeks. As of now, FLOKI trades at $0.0001315, down 1.20% over the past day, and many are watching key support levels closely.

Two really important support zones have developed. Should the bearish trend persist, analysts estimate FLOKI would retest the initial support level at $0.00009557.

Should that break, the token may drop to a possible lowest value of $0.00004200. For those clinging to their tokens, this situation begs questions about whether it is time to change their stance.

Fibonacci Levels Suggest Weakness

Another technical indicator that is negative in its sentiment is the Fibonacci retracing levels. Most importantly, for FLOKI to dominate the market, it has been consistently rejected at the 0.618 and 0.786 levels.

The persistent rejection of the price here indicates that the positive feeling is being crushed. Price action shows that FLOKI will go below its current trading range, which piles on more pressure on the holders as well.


Caution For Investors

In view of these contradictory messages, investors should still be extremely cautious. Since the immediate future seems hard, many predictions indicate there’s going to be an uptrend, and investors can hit a price that might reach $0.00044 at the end of November. However, many traders remain skeptical given the current sentiment.

The Fear & Greed Index reads at 69, marking a greed level in the market. It is basically what leads to downturns. For the last month, FLOKI had its green days at 43%, volatility rate at 7.48%. Prior to making any decisions, it could be prudent for individuals wishing to enter the market to wait for more distinct indications of positive mood. When it comes to cryptocurrency, timing can be crucial.

Featured image from Pexels, chart from TradingView

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FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High

Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes. 

Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high.

FLOKI Ready For 200% Surge Past All-Time High

Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high. 

However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-time high might not hold for long anymore. 

World Of Charts shared his analysis on the social media platform X, posting a daily candlestick chart of the FLOKI / TetherUS trading pair. The chart reveals that the meme coin has just broken above the resistance trendline of a bullish pennant flag pattern, which the meme coin has been trading within since hitting its all-time high.

In terms of the projected price trajectory, the analyst believes FLOKI is on course for another breakout that could not only exceed the previous all-time high but also push toward a price point just below $0.0005. To reach this point, FLOKI would have to go on a 210% rally from the current price level.

Is A 200% Rally Possible For FLOKI?

At the time of writing, FLOKI is trading at $0.0001554 and is still up by 12% in the past seven days. According to data from on-chain analytics platform Santiment, FLOKI and other meme coins are witnessing the highest level of interest and mentions across social media platforms in five months. This interesting trend is brought about by the new interest in Dogecoin, which has naturally flowed into other meme coins.

Given this heightened attention and the bullish technical setup highlighted by analysts, a 200% rally is within the realm of possibility. FLOKI has already shown it can achieve significant gains in a short timeframe, having previously posted an impressive 1,100% increase earlier this year. If the current social buzz and market dynamics continue to favor meme coins, FLOKI could break through its resistance levels and embark on another explosive rally to deliver a 200% increase before the end of the year. 

According to another crypto analyst, FLOKI is set for an even bigger 2,100% increase to $0.002.

Featured image from Lunu, chart from TradingView

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Solana Meme Coins Rising But Is This Deployer Dumping On Degens?

Crypto prices are printing higher. Bitcoin, for example, broke above $66,000 before cooling off earlier today. Like the world’s most valuable coin, Solana and its meme coins are trending higher. According to Coingecko, SOL trades above $150, adding nearly 7% in the previous trading week.

Meme Coins Soaring But PELF Deployer Dumping

The lift-off in Solana has seen some of its ecosystem tokens massively benefit. Among the many, Solana-based meme coins continue to rip higher. According to Coingecko, three Solana meme coins, including Popcat and DogWifHat, now command a market cap above $1 billion.

While investors are closely tracking the performance of Popcat, the first cat-themed meme coin to break above the $1 billion level, some whales are fading the current bull run. One analyst, citing Nansen data, observes that the deployer of the PELF, a meme coin on Solana, is offloading.

Initially, the deployer received 247 million PELF for 82 SOL worth $12,516. Later, the addresses received another 39.13 million PELF. According to on-chain data, the address has sold 3.2 million PELF for 662 SOL.

PELF deployer selling | Source: @OnchainLens via X

Although analysts believe the deployer might have offloaded more tokens through other unknown addresses, the whale currently owns over $7.8 million worth of PELF at spot rates.

Usually, any liquidation by a whale is considered bearish and might significantly influence price action. Retail traders, some interested in meme coins, often closely monitor the accounts of known whales, including deployers. If they choose to sell, moving tokens to a DEX, speculators will also look to sell before prices tank.

Will Improving Crypto Sentiment Drive Demand?

PELF remains in an uptrend, judging by the formation in the daily chart. The token is up nearly 300% from September lows. However, PELF is inside a broader range and down from its March 2024 highs.

PELF prices moving upward on the daily chart | Source: PELFUSDT on MEXC, TradingView

If buyers are to take charge, there must be a confirmation of October 14 gains. In that case, PELF could break above $0.0008101, bottoming out from Q3 2024 lows.

Improving crypto sentiment could lift meme coins, driving them to new valuations. As of October 15, the total market cap of Solana meme coins exceeds $10.9 billion.

Solana meme coins rising | Source: Coingecko

Interestingly, they continue to grow in strength, looking at the number of Solana meme coins breaking into the top 10. According to Coingecko, Dogecoin is still the most valuable. However, DogWifHat, Bonk, and Popcat are now among the top 10, flipping Floki, Neiro on Ethereum and Brett.

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‘FLOKI Master Plan’: Crypto Analyst Predicts 2,000% Jump For The Shiba Inu Competitor

Despite being in a downward trend all week, Floki (FLOKI) remains significantly bullish, according to a crypto analyst. Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge. 

Analyst Reveals The Floki Master Plan

In a recent X (formerly Twitter) post, crypto analyst, ‘Master Kenobi’ discussed Floki’s past price movements, identifying a unique recurring chart pattern that could indicate a future price spike for the cryptocurrency. The analyst predicted that if Floki can continue this recurring pattern, a massive price pump could happen around October 22. 

FLOKI

According to the analyst, the Viking-themed meme coin experienced a sharp rise of about 92X over 112 days starting from July 5, 2021, followed by a long decline spanning 224 days, where its price crashed by a whopping 98.5%, reaching its bottom. 

Notably, the analyst asserted that after hitting that strategic low point, Floki had entered a more structured growth phase. On the Floki chart, Kenobi also identified three periods of price consolidation represented by distinctive purple triangles with similar heights but varying lengths. 

The analyst disclosed that inside these triangles, the price behavior of Floki becomes relatively predictable, marked by a red triangle. The lower half of this red triangle is seen as the best accumulation zone for investors, reflecting the most optimal entry point for Floki’s next upward move. 

Kenobi identified a recurring pattern where Floki typically exited this triangle around October 22 each year, representing the beginning of a new phase of consolidation followed by a massive price pump. He noted that this price pump is often signaled 35 days before the formation of the aforementioned red triangle. 

Continuing on this trend, the Shiba Inu competitor experienced another 11X increase 112 days after exiting the purple triangle on October 24, 2024. Similarly, after the meme coin moved out of the purple triangle on October 24 2023, it jumped 22X in 133 days. 

Based on this recurring pattern, Kenobi has suggested that Floki’s “magical date” for a potential bullish surge is likely around October 22. The analyst has forecasted that if the pattern holds, investors should expect a price rise followed by 3 months of strong consolidation. 

A 2,000% Price Pump To $0.002

Based on Kenobi’s observations highlighted above, he predicts that Floki could either witness a 1,000% surge to new highs or a 2,100% increase. The analyst disclosed that if the first scenario in 2021 repeats, after 112 days of consolidation, Floki could see its price skyrocketing by 11X to reach $0.0011. Additionally, its market capitalization is expected to increase to above $12 billion. 

In contrast, if the second trend pattern in 2023 occurs this year, the price of Floki could jump to $0.0023 in 133 days, marking a 22X increase and a rise in its market capitalization to $25 billion. Despite Floki declining by over 21% this past week and plummeting again by 1.29% in the last 24 hours, Kenobi has confidently stated that his bullish projections are a “perfectly achievable and realistic” goal for the meme coin, which, as of writing, is trading at $0.00013. 

FLOKI price chart from Tradingview.com (Shiba Inu)

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Shiba Inu Competitor FLOKI Forms Falling Wedge That Could Trigger 54% Breakout

After going on an incredible run back in 2023, top Shiba Inu competitor FLOKI has swam into the mainstream of crypto investments. Its break toward the $1 billion market cap level solidified its position as one of the leading meme coins in the space. Although FLOKI has struggled in the market after its initial bullish run, falling more than 50% from its 2023 peaks, it is still a favorite among investors, and analysts, who expect the meme coin to see bullish momentum going forward.

Shiba Inu Competitor Gears Up For Breakout

Crypto analyst CobraVanguard has predicted a bullish run-up for the FLOKI price. According to CobraVanguard, the Shiba Inu competitor is forming one of the most bullish patterns on its chart and that is known as a Falling Wedge pattern. This pattern itself is usually formed during a descending market, making the breakout the most important part.

This Falling Wedge pattern identified on the FLOKI chart by the crypto analyst has been forming for the better part of five months now. It began with the initial run-up back in April before taking form back in the month of June when the downtrend began. Naturally, as the FLOKI price fell further, the falling wedge pattern took shape.

At this point, a breakout is likely given how long the downtrend has lasted and the recovery in the crypto market. As the analyst highlights, if this breakout does happen, then the FLOKI price could fly from here, rising around 54% to reach the $0.000195 target.

However, if the Falling Wedge pattern does continue to form, then the continuation would bring bearish tidings for the Shiba Inu competitor. This could send the downtrend deeper, pushing it as low as $0.000084 before another breakout occurs.

Bullishness For FLOKI Continues

CobraVanguard is not the only crypto analyst that foresees a breakout for the FLOKI price soon. Another analyst, Cryptollica, took to X (formerly Twitter) to share similar sentiments for the Shiba Inu competitor. The crypto analyst compared it to Dogecoin, currently the largest meme coin by market cap, predicting that the FLOKI price will fly.

However, Cryptollica’s predictions are not as conservative as CobraVanguard’s, predicting that the meme coin’s price will rise above $0.04. This is an over 400% increase in the FLOKI price compared to the former’s 54% forecast to $0.000195.

Nevertheless, both predictions maintain the same sentiment and that is that the Shiba Inu competitor is ready for a breakout. With meme coins expected to lead the bull run this time around, it would be no surprise if FLOKI were one of the leaders.

FLOKI price chart from Tradingview.com (Shiba inu competitor)

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Dogwifhat (WIF) Leads Memecoins Recovery With 12% Jump, Is $2.2 The Next Stop?

This cycle’s dog-themed sensation, Dogwifhat (WIF), has become the leading memecoin amid the market’s recovery. The token saw a 12% surge in the early hours of Tuesday, propelling the price above the $1.6 mark. As the memecoin tries to reclaim key support levels, some crypto analysts forecasted WIF’s next targets.

Dogwifhat Leads The Memecoin Recovery

Dogwifhat (WIF) became the market sensation in Q1 after leading the memecoin frenzy. The token surged to its all-time high (ATH) of $4.83 at the end of March, pushed by the market sentiment and its growing community.

During its 2,000% growth phase, WIF saw many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere. However, the market fluctuations have driven the token’s price to a decline of over 66% from its ATH.

The August retraces made WIF’s price drop 28% to a 6-month low of $1.1 before starting its recovery. Since then, it has reclaimed its early August levels, registering a 1% increase from its price one month ago.

Following the weekend retrace, Dogwifhat saw a price surge of over 12%, reclaiming the $1.5 support zone again. This performance crowned the memecoin as the third largest gainer in the top 100 cryptocurrencies by market capitalization.

Moreover, WIF became the top 10 memecoin with the largest gains in the last 24 hours, followed by Popcat (POPCAT) and Floki (FLOKI)’s 9.2% and 7.6% jump.

WIF Price Targets $2.2

As Dogwifhat’s price began to surge on Monday, several market watchers noted that reclaiming the $1.51 support level could push the token’s price to higher levels. To Ameba, a successful breakout above the downtrend line would drive WIF’s price to a retest of the next key area of $1.84.

The analysts suggested the push could also propel the price to the $2.2 price range. Similarly, The Cryptonomist concurred that a strong breakout above $1.5 could see a reclaim of the same resistance level.

Crypto trader Bluntz emphasized Dogwifhat’s performance as the token retested the $1.6 resistance level on Monday night. To the trader, the cryptocurrency did a “perfect channel retest.”

WIF

Bluntz highlighted the a,b,c zig-zag pattern in the token’s chart, suggesting that the price could jump to $2.4 as it bounces from the c wave levels. Previously, the trader predicted that WIF’s chart suggested a retrace to the $1 support zone before its next leg up.

At the time, the memecoin sensation displayed a macro five-wave impulse followed by the formation of an a,b,c zig-zag pattern, with the c wave aiming for the $1-$2 price range. Following its most recent performance, the trader considers that investors are not “ready for the V reversal that’s about to happen.”

Nonetheless, crypto analyst Altcoin Sherpa warned investors about WIF’s short-term price action. To the analyst, the token won’t hit ATH anytime soon despite displaying a “decent” performance in the support region.

Ultimately, Sherpa considers that WIF’s price will “still see more chop and consolidation” around the $1.44-$1.95 area and advised the community to be patient while the rally resumes. As of this writing, the token is trading at $1.53, a 5.5% surge in the last 24 hours.

WIF, dogwifhat, WIFUSDT

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Floki Bullish Breakout Ignites: Could A 96% Surge Be Next?

Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data.

Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.

But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?

On Falling Wedges And Potential Breakouts

CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.

In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.

The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.

According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki is at the cusp of a major bullish phase.

However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.

These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.

Keeping An Eye On Floki

Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.

He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.

On-Chain Data Favor The Bulls

Beyond technical analysis, on-chain data also looks promising for Floki. Noticeable growth in the network is seen, as depicted by the increase in new addresses.

This could indicate a trend that fresh capital has started flowing into the Floki ecosystem and may be pushing up demand and, therefore, its price.

Further supporting this is the increase in daily active addresses. Increased activity often suggests that interest and momentum are building within a community, which is usually a precursor to increased prices.

Is The Hype Justified?

While this might be so from the technical and on-chain indicators for Floki, an un-cautious approach towards such predictions is warranted, seeing that it is a meme coin. Meme coins are very prone to volatility and hence dramatic shifts in sentiment. That being said, while Floki has had a decent run in recent days, investors should be prepared to lose it all.

Technical patterns, on-chain data, and the increase in investors’ interest support the great price surge of Floki. But it remains to be seen whether this meme cryptocurrency would sustain this. After all, as they say, within the crypto space, expect the unexpected.

Featured image from Gadgets 360, chart from TradingView

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Floki Has ‘More Room To Climb,’ Targets 96% Rally – Analyst

Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected.

This technical pattern implies an upsurge once the FLOKI breaks above $0.000276 resistance. If level breaks up, Marks thinks FLOKI may rise to $0.000546, and with “more room to climb.”

That is an overall optimistic view, which aligns with a more comprehensive view given by crypto price prediction platform CoinCodex, projecting its value to increase by 227% by September 22, 2024.

Recent Performance And Market Dynamics

Despite the recent slump, FLOKI is doing a good job of catching investors’ attention. The token rose 15% in just a week, which could be quite a rally. On the back of this uptick are positive technical indicators, new strategic partnerships, and an anticipated airdrop announcement.

These are very positive factors, all brewing a lot of interest around this token, making it one of the more talked-about meme coins of late.

FLOKI also experienced turbulence. The crypto market collapse in early August drove the token down 65% from $0.00034 on June 5 to $0.000096. However, its 15% comeback from that level has spurred anticipation of a revival.

Airdrop Backed By Binance Boosts Confidence

One major development is that Binance will support FLOKI’s upcoming airdrop of the Simon’s Cat token, CAT. Starting August 29, 2024, Binance will snapshot balances for this airdrop eligibility, where approximately 315 billion CAT tokens are given to every wallet with at least 400,000 FLOKI tokens. This airdrop is seen to be strategic in keeping up rewards for the FLOKI community, which faced a bot-ruined presale attempt.

This upcoming announcement has fairly been received well. It not only instills confidence in FLOKI but also helps in the process of building trust in the community. The call to avoid the presale and instead go for the free airdrop at least to some level signals adherence to fair play and transparency, which might improve the long-term prospects of FLOKI.

Floki: Price Forecast And Investment Outlook

Looking further ahead, the price forecast of FLOKI seems quite promising. As per CoinCodex, the price may rise by approximately 227% by September 22, 2024, implying that it can go as high as $0.000489.

The current feeling from technical indicators is Neutral, with neither buyers nor sellers in the upper hand driven by this bullish outlook.

The fear and greed index reading of 34, which falls under the fear category, suggested that market sentiment remains at bay, probably due to the prevailing volatility.

Over the past month, on average, FLOKI has been green 30%, which does not bode well for buyer interest. There have been truly a lot of price swings, given the token’s 17% volatility rate.

For investors, this is quite a potential buying opportunity; however, it is not risk-free. It is very important to keep an eye on market conditions and overall sentiment before investment decisions can be made.

Featured image from Medium, chart from TradingView

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Memecoin FLOKI Leads Crypto Market With 13% Surge, Here’s Why

The memecoin FLOKi is leading today’s crypto market with a rally of +12.8% in the last 24 hours, sharing the top spot with Artificial Superintelligence Alliance (FET) which is up +12.2%. The price surge can be several developments and partnerships, most notably involving Binance and the upcoming airdrop of Simon’s Cat (CAT) token.

#1 Binance Supports CAT Airdrop To FLOKI Holders

Probably the most important factor fueling today’s FLOKI price rally is the announcement that Binance, the leading global crypto exchange, will support the airdrop for Simon’s Cat (CAT). The exchange’s decision to take a snapshot on August 29, 2024, is crucial for the airdrop distribution and has presumably ignited buying pressure from airdrop hunters.

According to the official Floki blog: “As initially revealed in our official announcement about Simon’s Cat launch on TokenFi, Simon’s Cat has allocated 20% of the total CAT supply to the Floki community. This strategic move is expected to enhance both the visibility and liquidity of FLOKI tokens across platforms.”

The upcoming airdrop involves distributing approximately 315 billion CAT tokens, which constitutes 3.5% of the total Simon’s Cat token supply. Eligibility for the airdrop requires holders to maintain a minimum of 400,000 FLOKI tokens, with the distribution proportional to the amount of FLOKI held at the time of the snapshot.

#2 FLOKI DAO Approves CAT Reserve

Further bolstering FLOKI’s market position is the recent decision by the FLOKI DAO to allocate $200,000 USDT from its treasury for investing in Simon’s Cat Token. This move, approved by 97.72% of voting participants, could enhance the intrinsic value of FLOKI. The official statement released by the FLOKI DAO emphasized:

“After a decisive vote by the FLOKI DAO, with 97.72% approval, Floki will allocate $200,000 USDT from the Floki Treasury to invest in the CAT token, which will be held as a strategic asset. This decision highlights our dedication to community-driven governance and decision-making.”

#3 Market Sentiment And New Exchange Listing

The crypto community has also been abuzz with talks of a new BNB memecoin season, a sentiment that has been supported by FLOKI’s official X account. The team wrote on Wednesday:

“We’re hearing whispers of BNB season again. Here’s a reminder that FLOKI is the biggest memecoin on the BNB chain by far! Floki is bigger than every other memecoin on the BNB chain COMBINED and is partnered with the BNB chain. We’re excited about the BNB ecosystem and will continue to actively support it!”

Additionally, major crypto exchange ByBit added the FLOKI / USDC trading pair yesterday. The exchange revealed the listing in response to strong demand, boosting Floki’s liquidity to over 40 MILLION users. “This addition will make it easier for ByBit’s massive user base to purchase FLOKI and interact with the FLOKI ecosystem,” the memecoin’s team remarked via X.

#4 Bullish Chart Setup

Technical analysis from popular crypto analyst CRG (@MacroCRG shows a bullish chart setup for FLOKI. The convergence of fundamental developments and technical indicators suggests a strong upward momentum. CRG stated:

“FLOKI chart looks fkin delicious. Plus, lots of fundamental tailwinds to ignite momentum: CAT / @SimonsCatMeme launching today (BNB szn loading, FLOKI should be a huge beneficiary as it’s BNB’s flagship meme). Binance also confirmed to be airdropping a big chunk of CAT to FLOKI holders, bullish af. Full send.”

At press time, FLOKI traded at $0.00014303.

FLOKI price

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End Of The Slump? Floki Eyes A 46% Price Surge — Analyst

Floki, the joke coin that used to be very popular, has been going up and down since June. It dropped from a high point of $0.00034 to a low point of $0.00011, a huge 65% loss.

But an 18% rise in the last 24 hours has given experts new hope. They are now speculating on a possible price surge, with some predicting a remarkable 165% growth over the next year.

Floki Breakout Looms?

“Floki’s price action has received strong support from a descending trend line,” said ZAYK Charts, a popular crypto analyst. The technical pattern is bearish and shows steady selling interest, which has generally kept prices low, but ZAYK has begun to feel the breakout is near.

In the event that Floki can shatter the resistance zone that has been keeping pressure on its value, it is likely to start a massive bull cycle, which could easily drive the asset’s price by over 46% from its current value, the analyst said.

Volatility Indicator Suggests A Likely Change

The recent price activity of Floki didn’t go unnoticed by traders. A peak through the Bollinger Bands uncovers a popular volatility indicator on the verge of an interesting period of low volatility, with the bands contracting.

Under these circumstances, either upside or downside price movements have sprung. From the current position at the middle band, Floki is likely to consolidate and wait for a cleaner signal of development from market participants.

To add to the pressure, its RSI hit the 46.32 figure, meaning it’s sitting in neutral territory—just with a very slight lean towards the oversold camp. Any RSI reading under 50 is a sign of weak market momentum but, considering it still isn’t under 30, Floki might just spend weeks consolidating unless something changes the market dynamics.

What Lies Ahead For Floki?

The market analysts watch whether or not Floki can hold up this surge. From a price that trades far below the value projected for the next month, of which it’s 230% off the estimate, this highly poses an undervalue situation, and for some market analysts, it may be a cause of an uptrend anytime soon.

The short-term still looks quite lucrative for Floki: a 245% gain is expected to be accrued in the coming three months, which should open the way for a more robust recovery. This could be easily drawn by many traders, with the intention of making profits at low prices.

Looking beyond short-term calculations, the price of Floki will continue to move upward. In one year, the investment would be worth 180% more, an absolutely stunning move. Looking one year out, the goal is a target of 167% to the upside.

Featured image from Scam Robot, chart from TradingView