Floki Inu (FLOKI) is on the verge of a major breakout and the weekly chart shows that a major breakout is imminent.
Such formations are usually considered the center of a strong rally. With price testing the fourth major resistance level, FluxHe seems ready for an explosive move. Coin base FluxAdding to the listing roadmap further boosted the token’s momentum, much to the delight of its investors.
The development of Coinbase accelerated the rise of FLOKI.
Coinbase’s decision to add FLOKI to its listing roadmap led to a 21% price increase. The popular memecoin hit a five-month high of $0.00027, boosting the crypto community’s confidence in FLOKI. Coinbase, the largest US-based exchange, has listed other memecoins such as PEPE and WIFI, indicating the growing interest in this asset category.
According to analysts, FLOKI is on the verge of a major rally with targets of $0.000775, $0.001270 and $0.002810. Probing the resistance level a fourth time usually leads to a strong breakout. FLOKI currently has a market capitalization of over $2.55 billion. The value of the token increased by 91.43% over the last week, rising to $0.0002675. FLOKI, behind the memecoin trend, seems to be already ready for the bull season.
With Bitcoin holding support at $80,000, a continuation of memecoin’s trend, or a decline in BTC dominance, new highs could be targeted for FLOKI. Cryptocurrency analyst Crypto Bullet has set three price targets for the popular meme coin. Targets are $0.000775 – $0.001270 – $0.002810 respectively.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
