Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?
March 28 2024 - 4:00PM
NEWSBTC
Floki Inu (FLOKI) performed stellarly this month, with crypto
analysts and traders forecasting bullish moves for the token. As
the crypto market recovers from its slowdown, with Bitcoin (BTC)
leading the way, the dog-themed token appears to be preparing to
take off. Related Reading: Dogecoin Soars 17% To Break $0.21 As
Volume Explodes Analysts Share Bullish Forecasts For FLOKI’s Future
Two weeks ago, analysts considered that FLOKI was showing a strong
performance amid the crypto market slowdown. The token, which has
been on an upward trajectory since the end of February, “held up
nicely” at the time. While most of the market registered
considerable dips, FLOKI was one of the tokens “consolidating
before another expansion.” Halfway through the month, the Viking
dog-themed cryptocurrency had shown a 337% growth since March 1st,
after hovering between $0.000028-$0.000039 for the first two months
of 2024. Now that March is near its end, FLOKI exhibits a
staggering 428.3% increase in the last 30 days. This performance
didn’t go unnoticed by crypto analysts, who forecast new heights
for the token. MacroCRG, a crypto trader and market analyst, shared
his thoughts on the token’s price. The analyst considers that
beyond FLOKI’s impressive performance throughout the month, it was
“showing strength on LTF’s too.” $DOGE leading the charge, just hit
a fresh 121 week high This is wildly bullish for other blue chip
memes$FLOKI showing strength on LTF's too As long as this recent
low holds, fresh highs soon IMO pic.twitter.com/cmPn89x7a7 — CRG
(@MacroCRG) March 28, 2024 In the post’s chart, the trader
highlighted the performance since Monday, pointing out the token’s
support zone above the $0.00022 price range. According to MacroCRG,
“as long as this recent low holds, fresh highs soon.” Similarly to
MacroCRG, analyst Crypto Kaleo drew attention to the dog-themed
token’s LFT, claiming it looks like it’s “starting to send.”
Something like this for $FLOKI pic.twitter.com/dEUa9pBUvi — K A L E
O (@CryptoKaleo) March 28, 2024 In his posts, Kaleo suggested to
his followers “not to sleep on FLOKI here.” According to the
analyst, the token won’t be “lagging behind ATH resistance too much
longer.” He concluded that sooner rather than later, FLOKI
could make new heights “like the DOGE chart.” Lastly, crypto
analyst The CryptoBull shared his bullish prediction about the
token, suggesting it is going through a “beautiful re-accumulation
phase.” Additionally, the analyst stated he noticed a shift in
interest for the dog-themed memecoin, as “crypto is very momentum
driven.” FLOKI Price Action As of this writing, FLOKI has surged
7.7 % in the past hour, with the price briefly surpassing the
$0.000260 mark before retracing to the $0.000255 level. In the last
24 hours, the token has increased 9.8%, trading at $0.0002554.
Despite the remarkable long-term performance and the recent surge,
the token is still registering a 10.6% correction from its
performance in the biweekly timeframe. Its market capitalization
rose to $2.39 billion, an 8.4% surge in the past day. By this
metric, FLOKI is the fifth largest memecoin and the 56th largest
cryptocurrency, according to CoinMarketCap data. Moreover, the
daily trading volume suggests that the token has recently
experienced a surge in market activity. It has increased 56.6% from
the day before, with $690.6 million traded. Related Reading:
Ethereum Price May Have Another Chance For A Bullish Streak: Here’s
How Floki is trading at $0.000263 in the 3-day chart. Source:
FLOKIUSDT on Tradingview.com Featured Image from
Unsplash.com, Chart from TradingView.com
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