• 18 June, 2024
Market News

FLOKI Inu: Memecoin to Watch with Bullish Trends and Upcoming News

Inmortal crypto, Plutus Ambassador, took to X platform to declare FIoki Inu as the standout memecoin of this bull run emphasizing the coin’s current market performance. As of the latest update, Floki Inu’s price is quoted at $0.000031, with a 24-hour trading volume of $9,558,390. Consequently, Floki Inu has seen a 10.75% increase in the last 24 hours. Its market cap stands impressively at $267,608,634, with over 9 trillion FLOKI coins in circulation.

Moreover, the 4-hour Floki Inu RSI index presents an interesting picture at 87.07. This high RSI value suggests a strong upward trend in recent hours. Such a level usually points to an overbought condition, hinting at a possible short-term correction. Hence, investors should stay alert.

Source: CoinMarketCap

Additionally, the MACD for Floki Inu on the 4-hour chart shows a bullish signal at 0.00000068. This indicates that the MACD line surpasses the signal line, hinting at potential price increases. Traders might view this as a cue to buy or maintain their positions.

Nonetheless, DogecoinRise, a crypto figure, adds to the buzz around Floki Inu in a tweet stating that big news is anticipated for FLOKI on February 15. The updates include the launch of the Valhalla Chinese testnet, a major partnership, and the release of the Valhalla trailer. These developments could significantly impact Floki Inu’s market position.

https://twitter.com/DogecoinRise/status/1755658567082807420

DogecoinRise further stated that these developments could catapult FLOKI to the ranks of DOGE and SHIB, making it a memecoin to watch. Significantly, the anticipation surrounding the upcoming news has stirred excitement among investors and enthusiasts alike. 

At the time of writing, DOGE is priced at $0.08181 showcasing a 2.11% growth in the past 24 hours. Concurrently, SHIB is valued at $0.000009375 reflecting a 2.035 increase in the past 24 hours.

FLOKI appears to be on an upward trajectory, backed by solid trading volumes and market cap. The upcoming announcements may further its appeal among crypto enthusiasts. Investors and traders alike are keenly watching FLOKI, positioning it as a memecoin worth watching in this bullrun.

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