Floki turns his head again and for a good reason. Unlike most of the pieces even trying to recover past glory, Floki Price has already reached a new record during this cycle. This is something that even heavy goods vehicles like Dogecoin (Doge) and Shiba Inu (Shib) have not yet succeeded. A Tweet of Crypto Analyst Unipcs, better known as “Bonk Guy”, highlighted this rare achievement and explained why Floki could be one to look at if the memecoin media resumes again.
Looking at the graphic, Floki's trip followed a fairly familiar crypto model. After a massive pump at the beginning of 2022 and the inevitable crash, the price of Floki settled in a long expanse of lateral movement throughout 2022 and most of 2023. Then, at the end of last year, it broke out significantly, breaking through previous peaks and fixing a new ATH.
Since then, however, the price has cooled. It went through two clear distribution phases and dropped by around 80% compared to its summit. But now, Floki Price oscillates near a support area that has been key in the past, between $ 0.00001,500 and $ 0.00001700. These levels have already sparked great movements, and with RSI out of the territory of occurrence, there are early signs that the momentum could resume.
Presence and accessibility of the Floki market
The UNIPC tweet describes the factors that can support the position of the Floki market in the future. The token is recognized as the largest piece of memes in the BNB chain, which continues to see a strong chain activity. Floki is also widely accessible through main platforms, including Binance, Coinbase, Robinhood Eu and Revolut. This level of availability can contribute to its traction among retail merchants.
In addition, Floki is preparing to launch a negotiated product on the stock market (FTE) on one of the largest scholarships in Europe. This development could expand its investor base by allowing an exhibition through traditional financial markets.
Read also: This is why the price of the Deepbook (Deep) protocol exploded by 145%
Historical context of Floki and same survival
According to the tweet, only three coins; Doge, Shib and Floki have maintained relevance on several market cycles. Among them, the Floki Prize is the only one to exceed its previous peak during the current cycle. This detail distinguishes it and can influence the feeling of investors if the accounts of memes money return to the spotlight.
In addition, the current draw of 80% of the ATH has a wide risk / reward margin for potential buyers. Combined with technical support areas and increased exposure of the market, Floki is positioned as a potential competitor in any next rally focused on the same. While Floki Prix Future performance will depend on Larger market conditions, existing indicators suggest that it is one of the few memeric active ingredients that maintain both structural force and active development.
Follow us X (twitter),, Coinmarketcap And Square For more daily crypto updates.
Get all our future calls by joining our Free telegram group.
We recommend Etoro
Active user community and social features such as news flows, cats for specific parts available for trading.
Large range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the main traders for free.
Interrupted: the web platform and the Etoro mobile application are user-friendly and easy to navigate.
