- FLOKI surges post-Coinbase roadmap, hitting five-month price highs.
- Analysts predict 500% gains, citing validation and strong fundamentals.
FLOKI, an Ethereum-based meme coin, has captured market attention with a remarkable surge, reaching a five-month high of $0.000283. This rally follows Coinbase’s recent inclusion of FLOKI on its listing roadmap, marking a significant milestone for the dog-themed cryptocurrency. The token has gained 12% in the past 24 hours and 74% over the past week, trading at $0.0002524 at the time of writing.
The announcement spurred FLOKI’s price to rise 21% in under an hour, supported by a trading volume increase of 46%. Analysts are optimistic about its potential, with some predicting a 500% price surge to $0.0015732. Prominent crypto analysts view Coinbase’s move as validation of FLOKI’s fundamentals and utility, reinforcing market confidence.
Moreover, Coinbase’s listing roadmap has historically hinted at future listings, adding credibility to tokens. In addition to FLOKI, the exchange recently added Ethereum’s PEPE and Solana’s Dogwifhat (WIF) to its roadmap, signaling a growing acceptance of meme coins. FLOKI’s rise comes amidst broader market corrections, showcasing its resilience and investor enthusiasm.
Adding to the momentum, Coinbase announced a 3 billion FLOKI token distribution for eligible on-chain users, further incentivizing engagement.
FLOKI Bulls To Hit New Heights?
Technical indicators support the bullish outlook. It’s Relative Strength Index (RSI) has surged to 71.42, suggesting overbought conditions but leaving room for continued growth. Historically, the RSI has exceeded 80 before corrections, implying the rally could persist.
The Cloud analysis reflects strong upward momentum, with it’s price well above critical support levels. Analysts forecast potential gains of 57%, with resistance at $0.000349, though a retracement could test support at $0.00016.
FLOKI’s rise underscores the impact of major exchange inclusions on meme coin performance, solidifying its position among the top 50 cryptocurrencies by market capitalization. As the market eyes regulatory shifts and evolving sentiment, it’s bullish trajectory could redefine its standing in the crypto space.
Highlighted News Of The Day
