FLoki Price Plunges 6% As Investors Pivot To This New Meme Coin For High Staking Rewards

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 02 2024

FLOKI-0.202%

LADYS-4.4500003%

Should l Buy FLOKI?

Floki Price Decline: The Floki price has dropped over 6% in the last 24 hours, reaching $0.0001177, and is down 24% for the week, with concerns about breaking a critical support level at $0.0001145 which could lead to further declines.
Crypto All-Stars Presale Success: The new meme coin Crypto All-Stars (STARS) has raised over $900K in its presale, attracting investor interest due to its high staking rewards and potential for significant returns, with prices set to increase in the upcoming stages of the presale.

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Technical Analysis for FLOKI

Technical Sentiment Analysis for FLOKI (FLOKI). As of , FLOKI (FLOKI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLOKI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FLOKI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

FLOKI (FLOKI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000199	0.0000241	0.0000276	0.0000318	0.0000353	0.0000395	0.000043
Fibonacci	0.0000241	0.000027	0.0000288	0.0000318	0.0000347	0.0000365	0.0000395

About FLOKI

Floki (FLOKI) is the people's cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu (SHIB) community and is inspired by (and named after) Elon Musk’s Shiba Inu.Musk is a prominent fan of Dogecoin, although he publicly denied owning any SHIB. Floki Inu is working on “four flagship utility projects:”An NFT gaming metaverse called ValhallaA suite of decentralized finance products launched under the 'FlokiFi' umbrella.An NFT and merchandise marketplace called FlokiPlacesA content and education platform called University of FlokiThe community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog) that was named after a Viking character. Floki vows to take its community efforts seriously and has been listed several times in the Top 10 of LunarCrush’s social engagement leaderboards. Floki has also partnered with leading crypto projects that include Chainlink, Trader Joe, ApeSwap for its FlokiFi Locker digital asset locker protocol.Floki is also sometimes referred to by some as 'Floki Inu'.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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