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FLOKI’s Price Is up 7+% And May Rise More Over the Coming Days

Cryptocurrency Nov 28, 2022 04:00AM ET
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© Reuters. FLOKI’s Price Is up 7+% And May Rise More Over the Coming Days
 
BTC/USD
-1.56%
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ETH/USD
-2.20%
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DOGE/USD
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SHIB/USD
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  • DOGE and SHIB all experienced price pumps over the last week.
  • Crypto Tony believes that FLOKI’s price will be the next to rise.
  • FLOKI is currently up 7.86% over the last 24 hours.

The two biggest meme coins in terms of market cap, Dogecoin (DOGE) and Shiba Inu (SHIB), have both seen their prices rise over the last week. DOGE experienced the biggest pump with a 23.11% rise in price over the last 7 days. Meanwhile, SHIB’s price is up 4.06% over the same time period.

Since the prices of SHIB and DOGE rose, investors and traders are now forecasting a pump for FLOKI (FLOKI) next. One such trader is Crypto Tony (@CryptoTony_) who, in a tweet yesterday, stated that “With the pumps on $DOGE & $SHIB, the trinity including $FLOKI now warrants a pump like no other.”

FLOKI is currently trading at $0.000009481 following a 7.86% rise over the last 24 hoursaccording to CoinMarketCap. In addition, the price of FLOKI has strengthened against Bitcoin (BTC) and Ethereum (ETH) by 10.14% and 11.91% respectively. The daily trade volume for FLOKI has also soared 78.14%, taking the total 24-hour trading volume to $3,291,917.

An ascending triangle chart pattern has formed on FLOKI’s daily chart after the meme coin printed higher lows and equal highs over the last 2 weeks. This has elevated FLOKI’s price above the daily 9 and 20 EMA lines. These two EMA lines also indicate bullish momentum as the daily 9 EMA is positioned above the daily 20 EMA line.

Should FLOKI’s price successfully challenge the resistance at $0.0000096631, then its next target will be $0.0000102951. This would constitute around an 8.8% move from FLOKI’s current price.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post FLOKI’s Price Is up 7+% And May Rise More Over the Coming Days appeared first on Coin Edition.

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FLOKI’s Price Is up 7+% And May Rise More Over the Coming Days
 

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