Floki Rallies 16% Outperforming Dogecoin, Shiba Inu: How High Can It Go?

Zinger Key Points

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.

CryptocurrencyPrice   Market Cap24-Hour Trend7-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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Image: Shutterstock

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