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- 1 The FLOKI price has surged nearly 60% in the last three intraday sessions, suggesting a bullish outlook. /a>
- 2 At the time of writing, the FLOKI crypto was trading at $0.000059, recording an intraday drop of 16.44%.
The FLOKI price has been on a significant rise for the third consecutive session, including the Intraday rise today. Summarizing the collective gains in the last three sessions, the FLOKI crypto has added over 60% to its market value.
Moreover, the market leaders Bitcoin and Ethereum are continuously rising, driving the whole crypto market on the higher side. Bitcoin is nearing its round level of $60 K, whereas Ethereum has surpassed the $3000 and $3300 levels and is currently headed to conquer the $3500 level.
FLOKI is an ERC-20 token based on the Ethereum blockchain and a BEP-20 token based on the Binance Smart Chain.
FLOKI crypto price also benefited from the announcement made by DWF labs. Recently, DWF labs made an announcement of a $10 Million FLOKI token purchase, which added fuel to the price, and the crypto experienced a notable surge.
Will Bulls Continue to Dominate in FLOKI Crypto?
Moreover, the short-term trend clearly shows the domination of bulls, which might continue to dominate until the momentum on the higher side fades away.
Looking over the recent price data, it was observed that the crypto price was maintained in a declining channel pattern and corrected from the early December session till the last week of January.
The crypto witnessed a breakout of the declining parallel channel pattern in February and surged higher after getting support from the dynamic 20-day and 50-day EMA. Also, the recent surge in the BTC and ETH helped the crypto reclaim higher levels.
FLOKI Crypto Indicator Analysis
From a Technical perspective, FLOKI crypto trades higher above the 20, 50, and 200-day exponential moving average, suggesting a positive outlook in the short term as well as long-term trend.
When writing, the RSI line was placed at 90.28 points, and that of the 14-day SMA line was at 68.85 points. Both the RSI line and SMA line hover in an overbought zone. Also, a bullish crossover of both lines is observed on the chart, suggesting a positive outlook.
FLOKI Price Prediction February 2024
The optimistic view of our analysts is a price target of $0.0000613 and $0.000065 on the higher side. The price is rising with momentum and could achieve higher levels soon.
Moreover, analysts’ bearish view expects the price to fall back to the previous swing high at $0.000041 level, which may act as a support now.
FLOKI Crypto Price Prediction 2024
The price forecast for the year 2024 is that the FLOKI token price could reach a high of $0.0000872, suggesting a potential gain of over 50.5% if the most positive conditions prevail. Moreover, the negative outlook of the analysts is that the price could reach $0.0000708.
FLOKI Price Prediction 2025
By 2025, the FLOKI price might have attained $0.00012 as the highest price. On the flip side, the minimum price up to which the crypto price may rise by 2025 is $0.0000933.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
