Floki network has announced an exciting new partnership with Real Madrid FC to bring the worlds of sport and fashion together. As part of this collaboration, Floki branding and messaging will be featured on the virtual perimeter board overlay for the remaining home games of Real Madrid CF in the Asia Pacific region (APAC).
The campaign is a strategic plan in establishing Floki as the premier go-to fashion brand for APAC markets. As a part of this campaign, Floki will be introducing exclusive merchandise to Real Madrid CF fans in these countries and promoting its products through various digital channels.
The APAC market will be the first to enjoy a range of Floki products, ranging from clothing and accessories to lifestyle items. The part of APAC members include countries such as China, India, South Korea, Taiwan, Hong Kong, Australia, Singapore, and Japan.
The partnership between Floki and Real Madrid CF comes shortly after Floki’s listing on the Coinmarketcap at rank 97. Through this strategic collaboration, both brands will be able to extend their reach in the APAC region.
Floki will have a notable presence during all remaining home matches of La Liga and Copa del Rey’s Semi-Final match versus FC Barcelona for the 2022/2023 season.
Real Madrid football club is a renowned football club with millions of fans all over the world, and Floki is proud to partner with them for this project.
Real Madrid is undoubtedly the biggest football club on the planet, with an impressive trophy haul of 69 major titles. They have a worldwide audience in their billions and feature in ‘El Classico’ – the most-watched domestic league match anywhere across the globe.
FLOKI Price Analysis
FLOKI’s price surged to an intraday high of $0.00004937 upon the announcement of the partnership with Real Madrid. The market cap also increased to $$430,785,178 and pushed FLOKI to rank 97 on Coinmarketcap. However, within a matter of hours, FLOKI’s prices plunged to lows of $0.00004611.
The bulls came strikes once again and propelled FLOKI to $0.00004835, achieving a 0.74% gain in the last 24 hours. Based on technical analysis, the FLOKI market is building up bullish market sentiment in the last 4 hours as the Stochastic RSI is rising above 50.
The technical indicators are giving mixed signals as the MACD line is trending below the red signal line while the RSI is at 59 and pointed upwards. Therefore, traders should look for buying opportunities on dips.
Looking ahead, the resistance level is found at the EMA 10 level of $0.00004883, while the support lies at the EMA 50 level of $0.00004708.
The partnership between Floki and Real Madrid CF is expected to drive greater visibility and adoption in the APAC markets and increase FLOKI’s market cap further. Furthermore, technical analysis shows that FLOKI could break through the resistance level and continue to surge in prices.
