FLOKI experiences an impressive 18% surge, reaching its highest point in two months and securing a spot in the top 50 cryptocurrencies. Strategic investments prove lucrative for both FLOKI and MAGA, two memecoins that have stood out amidst a month of uncertainty in the memecoin market.
PEPE and FLOKI have emerged as standout performers during this period. While the frog coin consistently reached new record highs, FLOKI experienced double-digit gains, culminating in today’s impressive two-month high of 0.00026795.
Currently, FLOKI is attracting attention with an 18% increase, trading at $0.0002639. Its market capitalization has also seen a corresponding surge, propelling it into the top 50 ranks. Trading volume has skyrocketed by an impressive 182%, indicating strong investor interest. Notably, it has surged by 55% in the past seven days.
FLOKI Price Chart, Source: TradingView
Technical indicators confirm FLOKI’s bullish momentum. The nine-day exponential moving average (EMA) remains strong at 0.00022704, reflecting sustained upward pressure. However, caution is advised as the daily Relative Strength Index (RSI) hovers at 72.75, indicating an overbought market condition.
Noteworthy are the strategic moves made by prominent investor unipcs.eth, who strategically allocated resources. With $276.4 ETH ($863K) invested in FLOKI and $18.45 ETH ($57K) in MAGA, substantial gains have been realized. In less than two months, an astounding $3.4M (+6005%) profit was secured from MAGA, while FLOKI yielded a commendable $245K (+28%).
This surge in community-driven coins highlights their outperformance compared to the broader market. FLOKI, for example, has experienced a remarkable 55% surge in just six weeks, while MAGA soared an astonishing 175% in a mere three weeks, reaching an all-time high of $12.80.
If the bullish trend in bitcoin continues, FLOKI may face resistance at $0.00037998 and $0.000248003. However, if bearish sentiment takes hold, it could see support levels at $0.00015982 and $0.00010894.
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