Floki Inu vs. Shiba Inu: Which Memecoin Will Win?
Floki Inu is expected to overtake Shiba Inu as the most popular memecoin in crypto. Shiba Inu briefly captured the hearts of many with its adorable mascot, but Floki Inu is expected to win out in the end.
- The FLOKI price has been struggling lately, as it has been trading in a downtrend channel. However, a major breakout is imminent, and this could mean good things for the price.
- FLOKI continues to trade below key resistance levels, with price remaining range-bound below the 8 and 20-day moving averages. downside momentum appears to be waning, however, with the RSI indicator edging back towards 50.
- The price of FLOKI is struggling to flip key resistance into support. This resistance is preventing the price from moving higher and is something that needs to be watched closely.
The Floki Inu (FLOKI) memecoin is expected to make a big splash in the crypto world, as it looks to overtake Shiba Inu in popularity. FLOKI has all the indicators pointing to a price surge in the near future, with some even predicting it could reach as high as $0.000015. However, the current market downtrend could prove to be a obstacle for the FLOKI price rally.
Floki Inu (FLOKI) Price Analysis For The Week
It is evident that FLOKI is currently going through a tough time as it struggles to break the $0.000015 mark. However, this could be simply be a matter of time before the price eventually starts trending upwards again. Once it does, there is a good chance that it will target the $0.00002 region. In the meantime, FLOKI's price has found some support at $0.0000060 after falling by more than 70% over the past few months.
There is no doubt that the price of FLOKI will surge when the market recovers from its current bearish state. FLOKI has been range-bound for some time now, but with little or no volume. This is likely to change soon, as FLOKI looks poised to break free from this structure. When it does, we expect to see a sharp increase in price.
FLOKI's price could be poised for a significant rally after recently testing a weekly low of $0.00000600. The price has been trading in a range for some time now, but an attempt to break higher was rejected. This may mean that FLOKI is ready to make a move higher in the near future.
The price of FLOKI is quickly approaching its weekly resistance of $0.000015.
I predict that the price of FLOKI will continue to rise in the coming weeks, reaching $0.00000600 by the end of the month.
FLOKI Price Analysis: Daily Chart
FLOKI's price is in a bit of a slump, however it may turn around soon. The recent breakout from a downtrend channel could signal a potential rally, with a high of $0.00002. Keep an eye on FLOKI's price movements to see if this trend continues.
FLOKI's current price of $0.0000077 is just below the 8-day and 20-day Exponential Moving Averages (EMA). However, on the daily timeframe, the price at $0.00000773 corresponds to the price at the 8 and 20-day EMA for FLOKI. This suggests that FLOKI may be ready to start moving up again after a recent period of consolidation.
FLOKI's price is currently sitting at $0.000008, and needs to reclaim this region with high volume in order for the price to rise to $0.00002. According to the current market structure, price action, and indicators, FLOKI will soon break out of the daily downtrend channel, which could lead to a rally up to $0.00002.
I predict that the FLOKI price will continue to hover around the $0.00002 mark for the foreseeable future. This is based on the current trend of slightly downward resistance.
The FLOKI price is currently sitting at $0.000007 and daily support seems to be holding steady.