Floki Skyrockets 73% Over The Past Month: What Is Going On?

Floki has rallied 73% in the past mont, with market observers anticipating the uptrend to continue off the back of improving sentiment and bullish technical indicators.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Floki FLOKI/USD	$0.0002272	$2.2 Billion	+7.8%	-5.1%
Bonk BONK/USD	$0.00004434	$3.3 Billion	+6.2%	-17.4%
Dogwifhat WIF/USD	$3.14	$3.14 Billion	+5.5%	-2.9%

Trader Notes: Crypto trader Master Kenobi noted in a post on X on Wednesday that Floki's rally was delayed by three weeks, originally expected by Oct. 21.

He attributes this delay to broader market reactions following the U.S. elections.

He anticipates a continuation of the uptrend, which could result in a significant “pump” around Feb. 10 in a conservative scenario.

In a more optimistic scenario, this could also happen in mid-December, thanks to the following catalysts:

1. Bitcoin Dominance: Expected to persist for two more weeks before easing, creating opportunities for altcoins like Floki.
2. Market Signals: Positive movements in assets like Dogecoin DOGE/USD and Binance Coin BNB/USD point to a potential pump by late 2025.

Influencer InvestingHaven suggests that Floki has bounced from its dip, signaling a bullish breakout.

However, he warns that the next major hurdle is surpassing its previous all-time high.

$FLOKI's consolidation phase triggered a bullish reversal, reaching our 2024 target after bouncing from the "Buy the Dip" level.

The next major challenge for #FLOKI lies in testing its all-time high (ATH). pic.twitter.com/HeyNucZVd8

— InvestingHaven (@InvestingHaven) November 26, 2024

Community News: Coinbase Assets announced Floki becoming available for trading for residents in Germany. Users can now buy, sell, convert, send, receive, or store Floki through Coinbase, broadening the coin's accessibility.

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• Floki Beats Dogecoin, Shiba Inu With Double-Digit Gains After Coinbase Listing Announcement

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