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bitcoin
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ethereum
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binancecoin
BNB (BINANCECOIN)
$732.98 3.20%
solana
Solana (SOLANA)
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ripple
XRP (RIPPLE)
$3.64 21.03%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000015 5.97%
pepe
Pepe (PEPE)
$0.000014 3.72%
bonk
Bonk (BONK)
$0.000035 -1.93%
bitcoin
Bitcoin (BITCOIN)
$120,154 1.90%
ethereum
Ethereum (ETHEREUM)
$3,598 8.27%
binancecoin
BNB (BINANCECOIN)
$732.98 3.20%
solana
Solana (SOLANA)
$180.47 6.19%
ripple
XRP (RIPPLE)
$3.64 21.03%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000015 5.97%
pepe
Pepe (PEPE)
$0.000014 3.72%
bonk
Bonk (BONK)
$0.000035 -1.93%
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FLOKI Price Forecast – Breach of Short-Term Resistance Could Send FLOKI to $0.00015 Soon

Highlights:

  • FLOKI is consolidating, but overall momentum is to the upside
  • The memecoin needs to rally through $0.0001367 resistance for the bull run to continue
  • FLOKI fundamentals and acceptance by EU regulators are likely to push the price higher 

In the last 24 hours, FLOKI price has gained 32% to trade at $0.0001338. FLOKI trading volumes have also shot up by 453.07% in the same period to stand at $823.7 million. Such a significant surge in volumes at a time when the price is up by more than 30% indicates that FOMO has kicked in. FOMO at a time when the broader cryptocurrency market is headed higher means the price could soon rally to new highs. The increased excitement around FLOKI is driven by real fundamentals, especially with regard to FLOKI’s navigation of regulations in different jurisdictions across the globe. 

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FLOKI Now Recognized by EU Regulators

For context, one big news driving the excitement around FLOKI is its compliance with EU regulations, particularly the MiCA framework. The result is that the European Securities and Markets Authority now recognises FLOKI for admission for trading. This recognition of FLOKI by European regulators has a positive impact in two ways. First, it gives the impression that FLOKI is a credible meme coin, in a market increasingly full of scam meme coins.

This could trigger a flow of retail money into FLOKI, as seen in the past week when it has gained by 40%. As the perception that altcoin has started, FLOKI’s rise in credibility, thanks to compliance with EU regulation, could soon see it eliminate a zero or two in its price. There is also the potential to attract institutional capital from the EU. Given the rising importance of institutional capital in the cryptocurrency market, this could trigger a parabolic price move to new highs in the short to medium term. 

FLOKI Price Gets Boost After WeBull Listing Expands Access to 24M US Users

FLOKI price also benefits from being listed on a platform that gives it wider access to the US market. Recently, FLOKI was listed on WeBull. This is a big deal as WeBull has over 24 million users. This expanded access in the US, alongside the boost that FLOKI has received in Europe, has the potential to drive demand higher. That’s especially true now when investors are scouting for the next big thing to buy as altseason gains momentum.

FLOKI Valhalla Play-To-Earn Game Gains Positive Reception 

Aside from improved access across markets, FLOKI is also continually making technical improvements that make it more attractive to investors. Earlier this month, the FLOKI team announced the mainnet launch of a play-to-earn game called Valhalla. The game’s reception has been impressive, as within the first week of launch, more than 125k NFTs were minted, with more than 1000 players participating.

Predictive data analytics indicate that Valhalla could soon hit one million on-chain transactions. This is a big deal as it transitions FLOKI from another meme coin in the market. It now has growing utility across multiple growth areas, such as GameFi and DeFi. This depth of fundamentals will likely keep attracting investors to FLOKI and help push the price to new highs.

Technical Analysis – FLOKI Price Consolidating After 3-Day Rally

After a strong price rally since July 15, FLOKI is consolidating between the $0.0001367 resistance and $0.0001238 support. With the broader market increasingly bullish, the odds are that this consolidation will be followed by an upside breakout.

FLOKI
Source: TradingView

If FLOKI price rallies through the $0.0001367 resistance, a short-term rally to $0.00015 could follow. However, if bulls fail at the $0.0001367 resistance, short-term price consolidation could continue.

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