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

Zinger Key Points
  • Floki’s price momentum is tied to U.S. elections and technical indicators hinting at an upcoming pump.
  • Testing all-time high levels is the next big challenge as bullish crypto sentiment builds.

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.

CryptocurrencyPrice             Market Cap24-Hour Trend7-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.

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.

Read Next: 

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsTop StoriesMemeCoins
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!