Floki Price Prediction: FLOKI Plummets 19% As This Olympic-Themed Meme Coin Races Towards $1 Million

The
Floki
price
has
plummeted
19%
in
the
last
24
hours

to
trade
at
$0.0001263
as
of
10:20
a.m.
EST
following
a
38%
surge
in
trading
volume
to
$972
million.

This
drop
in
price
comes
as
data
from
Spotonchain
reveals
that
a
wallet
address
associated
with
FLOKI
resurfaced
in
the
market
after
being
dormant
for
2.5
years.

The

$FLOKI
price
is
????
17.7%
in
the
past
24
hours.

A
wallet
linked
to

@RealFlokiInu
returned
after
2.5
years
of
dormancy
and
deposited
15.22B

$FLOKI
($2.27M)
to

#Binance
9
hours
ago,
just
before
the
price
plunged.

These

$FLOKI
were
released
from
the
Floki
deployer
to
this…

pic.twitter.com/9eDNqy3Mhr

—
Spot
On
Chain
(@spotonchain)

August
30,
2024

The
whale
deposited
15.2
billion
FLOKI
tokens,
valued
at
approximately
$2.27
million,
into
the
crypto
exchange
Binance.
This
substantial
transaction
occurred
just
before
the
price
drop.

Additionally,
it
was
noted
that
the

FLOKI
tokens
held
by
the
whale
wallet
were
originally
released
by
the
Floki
deployer
in
early
2022
when
they
were
priced
at
around
$0.0000307.

Floki
Price
Hits
A
Resistance
As
Bears
Apply
More
Pressure

The
FLOKI/USD
pair
on
a
4-hour
timeframe
has
formed
a
round
bottom
pattern
around
the
$0.00009757
level.
This
pattern
often
signals
a
potential
reversal
from
bearish
to
bullish
momentum.
Following
this
formation,
the
price
entered
a
bullish
channel,
reaching
a
high
near
the
0.0001618
resistance
zone.

FLOKIUSD
Analysis
Source:
Dextools.io

A
“Golden
Cross”
also
occurred,
with
the
50
Moving
Average
(MA)
on
the
4-hour
chart
crossing
above
the
200
MA,
suggesting
a
short-term
bullish
signal.

However,
other
technical
indicators
present
a
mixed
picture.
The
Moving
Average
Convergence
Divergence
(MACD)
shows
a
bearish
crossover,
with
the
MACD
line
below
the
signal
line,
indicating
bearish
momentum.

Conversely,
the
Relative
Strength
Index
(RSI)
is
reading
at
30.19,
suggesting
that
the
recent
bearish
momentum
has
pushed
the
price
down
significantly,
increasing
the
likelihood
of
a
short-term
bounce
as
some
traders
might
start
buying
in
anticipation
of
a
recovery.

Floki
Price
Prediction

FLOKI
is
pulling
back
after
reaching
the
resistance
zone,
indicating
potential
bearish
pressure.
If
the
price
fails
to
hold
above
the
key
support
level
of
$0.0001260,
it
might
continue
to
decline
towards
the
next
support
level
at
$0.0001200.

Should
the
RSI
recover
from
the
oversold
region
and
the
MACD
start
showing
signs
of
bullish
divergence,
there
could
be
a
rebound
towards
the
$0.0001400
level,
with
the
possibility
of
retesting
the
$0.0001600
resistance
zone.

A
sustained
drop
below
the
$0.0001260
level
could
lead
to
further
declines,
targeting
the
$0.0001200
zone,
where
buyers
might
re-enter
the
market.

The
current
price
action
indicates
a
short-term
bearish
pullback
with
the
potential
for
a
rebound.
However,
mixed
signals
from
the
indicators
suggest
that
caution
is
necessary.

Monitoring
the
support
and
resistance
levels
will
determine
the
next
directional
move.

The
Meme
Games
ICO
Raises
Over
$400K
–
Next
Meme
Coin
To
Skyrocket?

Investors
looking
for
cryptos
to
diversify
their
portfolio
might
also
consider
a
new
presale
called

The
Meme
Games
(MGMES),
which
has
garnered
over
$400K
in
early
funding.

Crypto
Analyst
and
YouTuber
Austin
Hilton,
with
272,000
subscribers,
thinks
the
MGMES
Olympic
Games
meme
coin
“will
be
huge”.

The
Meme
Games
is
an
innovative
gamified
meme
token
project
that
brings
together
popular
crypto
meme
characters,
adding
a
competitive
twist
by
rewarding
presale
buyers
with
token
bonuses
for
winning
virtual
events.
This
unique
concept
blends
the
excitement
of
crypto
meme
coins
with
the
competitive
spirit
of
the
2024
Olympics.

Participants
can
select
from
characters
like
Dogecoin,
Pepe,
DogWifHat,
Brett,
or
Turbo,
and
watch
them
compete
for
gold
in
a
digital
sprint.

Each
token
purchase
allows
buyers
to
pick
a
meme
athlete,
randomly
selected
and
verified
by
blockchain
technology
to
ensure
fairness.

The

#Paralympics
have
begun!
????

Join
the

$MGMES
presale
now
and
back
your
champion
for
a
chance
to
win
a
25%
bonus!
????

Ready,
set,
go!
????????https://t.co/6oUlx6ssLs

pic.twitter.com/z3hurwVWkG

—
The
Meme
Games
(@MemeGames2024)

August
29,
2024

Token
holders
can
also
earn
passive
income
through
the
project’s
staking
mechanism
by
buying
and
staking
MGMEs,
offering
an
impressive
476%
APY.

Currently,
MGMES
tokens
are
available
at
$0.00935
each,
but
the
price
will
increase
in
less
than
a
day,
so
it’s
best
to
act
quickly
to
secure
the
best
deal.

Buy
MGMES
from
the
official
website
here
using
ETH,
BNB,
USDT,
or
a
bank
card.

Related
Articles: