- Dogecoin faced a 6.24% surge on December 8 and sustained a bullish trend, with RSI above 60, hinting at a potential pullback.
- Floki Inu faced declines on four days but recorded significant uptrends, currently trading with a slight decline.
- With a market capitalization of $14 billion, Dogecoin dominates, while Floki Inu stands at $362 million.
Dogecoin and Floki Inu, two popular meme tokens, have experienced distinct price movements over the past few days. While both tokens have maintained bullish trends, Dogecoin has seen a downtrend in the last two days, while Floki Inu has recorded more frequent price uptrends compared to Dogecoin in the last seven days.
The daily chart for Dogecoin showed notable price fluctuations over the past three days. The coin experienced two instances of a daily value surge, each surpassing 6%. The most recent substantial increase, accounting for a 6.24% rise, occurred on December 8, propelling the price to $0.10. However, there has been a downturn in value over the last two days. As of writing, it was trading at around $0.09, reflecting a minor decrease of less than 1%.
Despite these recent declines, Dogecoin has managed to sustain its bullish trend. The Relative Strength Index (RSI), which is a momentum indicator, is above 60, indicating that the bullish momentum is still strong. However, the RSI is starting to diverge from the price action, which suggests that a pullback may be imminent.
The daily chart for Floki Inu showed that it encountered declines on four days over the past seven days. However, the three days characterized by uptrends collectively yielded a higher cumulative value than the losses it incurred. Specifically, it recorded increases of over 11%, 13%, and 6%, respectively. The most substantial decline within this period was slightly above 8%.
As of writing, Floki Inu was currently trading with a decline of more than 1%. Nevertheless, akin to Dogecoin, it maintained a bullish trend. The Relative Strength Index (RSI) at the time of writing was above 60%, indicating a strong bullish momentum.
According to CoinMarketCap data, Dogecoin holds a higher rank in market capitalization compared to Floki and other meme tokens. As of writing, Dogecoin’s market capitalization was around $14 billion, while Floki’s was around $362 million.
Recently, PEPE, a meme coin, soared 42.30% in seven days, surpassing Dogecoin. Its market cap reached $661.8 million, ranking 88th. Investor interest was strong, with a 26.90% increase in 24-hour trading volume.
