Floki up 6X this year despite market correction
FLOKI has been one of the best performers in 2024, growing by more than six times this year.
Floki’s reached an intraday high of $0.00017378 though moderated at $0.00016947 at 3.30 pm GMT, amid ongoing market correction. Floki Inu saw significant volatility on the daily chart following its peak of $0.00035. Numerous significant technical variables have impacted the ensuing 54% decrease that began on June 5 and is ongoing.
The 200 EMA on the daily chart, a key support level, is being tested. The 200 EMA has always been regarded as a crucial long-term indicator. If this barrier is broken, there may be more volatility and a decline toward $0.00015.
$0.000165 and $0.000157 are the immediate support levels to WATCH. If these levels fall through, $0.00010 represents the next crucial support. Price action affirms that FLOKI needs to recover the $0.000188 level on the resistance side.FLOKI has been one of the best performers in 2024, growing by more than six times this year. IntoTheBlock research indicates that around 86% of FLOKI holders are profitable.
Beyond market movements, FLOKI has become a prominent player in the meme coin industry. Its strong presence, practical applications, and committed community propel its growth.
According to data from the social media analytics service LunarCrush, FLOKI’s social engagements increased by 320% and its social dominance by 109% during the previous six months. According to LunarCrush, social dominance quantifies the “share of voice” on social media.
Holders can trade any token on the BNB Chain network with FLOKI’s trading bot, based on Telegram. It should be available to the public by mid-June. At a later time, the Ethereum and Base blockchains will be added to the service. The bot’s goal is to boost token demand by supporting purchasing pressure using a fee structure, and it requires FLOKI tokens to operate. Every transaction by a bot incurs a 1% fee, of which 50% is utilized to purchase FLOKI on the open market.
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