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Information about Floki Inu (FLOKI)
Floki Inu is a "Dog Copycats" meme coin project (the cryptocurrency with the symbol of dogs), born in 2021 after the tweet of Tesla CEO - Elon Musk. Although it is a meme coin project, Floki Inu focuses on long-term development to create an autonomous and decentralized ecosystem, integrating many utilities for its token through Metaverse, NFT, DeFi,...
Besides, Floki Inu is seriously involved in many charity and humanitarian projects, such as partnering with Million Gardens Movement to promote healthy eating habits through self-build farming; collaborate with Pencils of Promise to build schools on every continent, especially in less developed countries around the world. Each purchase/sale of FLOKI tokens will be charged a 3% tax to transfer to Floki Inu's warehouse, exclusively for developing charity projects.
The Floki ecosystem includes:
FLOKI is a native token of the Floki Inu ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
Specifications
News
FLOKI has formed a cup and handle pattern, signaling a potential upward rally. The target price increase is projected at 24.82% to 0.00006711 USD, supported by a golden cross pattern and bullish technical indicators.
Traders in the spot market have purchased 502,000 USD of FLOKI recently, contributing to the bullish sentiment. If this accumulation continues, it may lead to a significant supply squeeze, suggesting further price appreciation.
FLOKI has recently faced a decline but may be positioned for a price increase after hitting a critical support level on the Bollinger Bands.
While bearish sentiment has led to a 30.90% drop, trading indicators reflect mixed signals, with some market activity leaning towards potential buying.
The FLOKI Futures market has seen increased buying activity, indicating a more optimistic outlook among traders, suggesting significant price movement could be ahead.
FLOKI may see a price increase of 20%, targeting 0.00000723 USD. If it maintains above 0.0000056 USD, reaching this target is highly probable.
Currently, FLOKI is trading at 0.000059 USD. Recent analysis indicates a bullish divergence, suggesting a possible reversal from its earlier downtrend.
As of now, 55.27% of FLOKI holders are in profit. However, the trading landscape shows many traders are over-leveraged, hinting at future volatility.
FLOKI has seen a sharp decline of approximately 11.43% in just a day, with weekly losses reaching 23%. This downturn has been primarily driven by both derivative and spot traders actively engaging in sell-offs, creating a bearish atmosphere.
Current liquidity clusters signal further potential decreases, while the long-to-short ratio of 0.7828 indicates stronger selling pressure. Open interest has significantly decreased to $14.76 million, illustrating the growing bearish sentiment among traders.
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