Zinger Key Points
- Floki surges 16% in today’s session, extending its 7-day gain to 39% ahead of the ETP launch on a major European stock exchange.
- Crypto traders flip daily trend to bullish, with targets set at $0.00009.
- Today's manic market swings are creating the perfect setup for Matt’s next volatility trade. Get his next trade alert for free, right here.
Floki FLOKI/USD has rallied 16% in the last 24 hours for a 39% gain over the past week. Growing hype around the upcoming launch of the Floki ETP is prompting traders to flip bullish.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
Floki FLOKI/USD | $0.00007815 | $752.3 million | +16.6% | +39.8% |
Dogecoin DOGE/USD | $0.1819 | $27.1 billion | +5.3% | +17.4% |
Shiba Inu SHIB/USD | $0.00001410 | $8.3 billion | +7.8% | +17.6% |
Trader Notes: Crypto trader Jelle says Floki has cleared its first target, noting that once it breaks through the current resistance "the real fun starts."
Cold Blooded Shiller is eyeing high time-frame bullish divergences, calling the current setup near lows "promising" despite needing more effort for a full recovery.
CRG confirmed a bullish trend reversal, with Floki putting in a higher high on the daily chart.
Unipcs highlighted that Floki remains one of the few meme coins to survive multiple cycles, alongside Dogecoin and Shiba Inu.
With recent all-time highs and listings on Binance, Coinbase, Robinhood EU, Bithumb, Revolut, and others, he says it is well-positioned for further upside.
Statistics: According to IntoTheBlock, large transaction volumes and daily active addresses dropped 33.6% and 32.4%, respectively, suggesting short-term cooling even as price climbs.
Coinglass data shows FLOKI's open interest is up 20%, with derivatives volume rising 5.6% in a day — a sign of growing trader engagement.
Community News: The SIX Swiss Exchange, Switzerland's largest and Europe's third-largest, is expected to list the Floki ETP in early 2025.
The Floki team revealed months ago that they've been working with an undisclosed asset manager to make this happen, a potential game-changer for institutional exposure to meme coins.
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