Source : coingape.com
Floki Inu price prediction is bullish as it trades approximately 40% above Sunday’s intraday low at $0.0001150. After successfully bounding off the $0.0001220 support floor, FLOKI/USDT has rallied approximately 22.30% over the last 24 hours.
The performance of the FLOKI price has outdone other meme coins with Dogecoin (DOGE) rising just 3.11% on the day and the self-proclaimed “Doge-Killer” Shiba Inu (SHIB) rising just 2.54% over the same timeframe accprding to data from CoinmMarketCap.
FLOKI trading volume has increased to $33,591,604, as 24% increase in the past 24 hours which points to a positive outlook for the asset in the near term.
Floki Inu Price Prediction: Bulls eye $0.00018018 Range High
Floki Inu (FLOKI) is trading in a fifth bearish session at $0.0001597 as seen on the four-hour chart. The recent rally has seen FLOKI rise above the November 23 downtrend line as bulls are focused on undoing some of the losses.
The meme coin appears to be battling immediate resistance from the 50-four-hour Simple Movign Average (SMA) at $0.0001615. Flipping this level into support could trigger massive buy orders that could push FLOKI towards the November 26 range high above $0.0001808. This represents 13.47% rally from the current price.
FLOKI/USDT Four-Hour Chart
The upsloping Relative Strength Index (RSI) accentuates this positive outlook.
Also note that the Moving Average Convergence Divergence (MACD) indicator sent a call to buy FLOKI on November 28. This occurred when the blue MACD line crossed above the orange signal line marking the start of the current bullish run. Floki Inu price prediction on the upside will gain more traction once the MACD crosses the zero line into the positive region.
Looking Over The Fence
The above bullish Floki Inu price prediction may be invalidated if the asset fails to close above the 50 SMA at $0.0001615. If this happens, FLOKI may be forced to consolidate above the $0.0001458 support level before restarting the uptrend.