FLOKI Climbs Past $0.00006781, Rising Over 3%

• Daily trading volume sees a 19.21% surge.

A fleeting recovery push in the cryptocurrency space has led to a mixed trend, with some coins gaining while others trade in red. Bitcoin (BTC) remains at $86.9K, while Ethereum (ETH) trades around $2K. Meanwhile, FLOKI, a meme coin, has spiked by over 3.57%.

The meme coin opened the day at $0.00006548, dipped to $0.00006469, but later surged to $0.0000691 after a bullish wave. As of now, FLOKI trades at $0.00006781 with a market cap of $652 million. The daily trading volume of the asset has reached $97.13 million, according to CMC data.

FLOKI has gained over 10.22% in the last seven days. It started trading in the $0.00006149 range but saw a dip to $0.0000591 before rising to current levels as bulls entered the market.

Is FLOKI Poised for More Gains?

FLOKI’s Moving Average Convergence Divergence (MACD) line is above the signal line, indicating a bullish crossover and potential upward movement.


Additionally, the Chaikin Money Flow (CMF) indicator at 0.11 suggests inflows into FLOKI, supporting the notion of further price gains if the trend continues. Daily trading volume has surged by 19.21%.

The price trend graph shows FLOKI’s upward trading pattern. If the momentum continues, it may test the $0.00006863 resistance. Further gains could allow it to approach $0.000070.

However, if FLOKI cannot sustain above the $0.000068 range, a retracement to the $0.00006631 support may occur, with further support around $0.000065 being crucial.

The asset’s daily relative strength index (RSI) at 64.54 indicates bullish momentum and approaches the overbought threshold. Furthermore, the Bull Bear Power (BBP) value of 0.00000307 suggests that bulls slightly outweigh bears.

Disclaimer: This article reflects the author’s opinion and does not constitute investment advice. TheNewsCrypto team encourages all to conduct their own research before investing.