Floki Inu (FLOKI) soars 32%, Will the rally continue?
The post Floki Inu (FLOKI) soars 32%, Will the rally continue? appeared on BitcoinEthereumNews.com. Key Takeaways FLOKI surged 45% in 48 hours, breaking key resistance amid whale accumulation and rising volume. Despite bullish momentum, its RSI of 77 signals potential short-term correction before targeting $0.000205. Over the past two days, Floki [FLOKI] has been making waves, drawing significant attention from traders and investors thanks to its strong performance. CoinMarketCap data shows FLOKI surged over 45% in the past 48 hours, including a 32% jump in the last 24 hours, making it one of the top-performing meme coins in the crypto market. FLOKI breaks key barrier after months of struggle Notably, FLOKI has finally broken through a long-standing resistance level that previously triggered price dips on three separate occasions since early 2025. This time, the rally appears more sustainable, driven by a decisive breakout, rising interest in the Valhalla blockchain game, and strong momentum across Ethereum and ETH-based memecoins. Bullish On-chain metrics and current price momentum With this recent development, traders’ and investors’ sentiment has turned bullish. They appear to be strongly betting on the upside, and a notable inflow of capital into the meme coin has also been recorded. According to on-chain analytics firm CoinGlass, FLOKI’s Open Interest (OI) has surged by 117% to $85.56 million, at press time, marking its highest level in the past 12 months. The major liquidation levels were $0.000121 on the lower side and $0.0001414 on the upper side. At these levels, traders are over-leveraged, with $1.55 million worth of long positions and $781K worth of short positions. This data reveals that traders are strongly interested in the bullish side. Source: CoinGlass Whale transactions between $100K and $1 million have surged by 2,633.33%, according to IntoTheBlock. This sharp rise raises a key question: Is now the right time to buy – or has the opportunity already passed? Source: IntoTheBlock…
The post Floki Inu (FLOKI) soars 32%, Will the rally continue? appeared on BitcoinEthereumNews.com.
Key Takeaways FLOKI surged 45% in 48 hours, breaking key resistance amid whale accumulation and rising volume. Despite bullish momentum, its RSI of 77 signals potential short-term correction before targeting $0.000205. Over the past two days, Floki [FLOKI] has been making waves, drawing significant attention from traders and investors thanks to its strong performance. CoinMarketCap data shows FLOKI surged over 45% in the past 48 hours, including a 32% jump in the last 24 hours, making it one of the top-performing meme coins in the crypto market. FLOKI breaks key barrier after months of struggle Notably, FLOKI has finally broken through a long-standing resistance level that previously triggered price dips on three separate occasions since early 2025. This time, the rally appears more sustainable, driven by a decisive breakout, rising interest in the Valhalla blockchain game, and strong momentum across Ethereum and ETH-based memecoins. Bullish On-chain metrics and current price momentum With this recent development, traders’ and investors’ sentiment has turned bullish. They appear to be strongly betting on the upside, and a notable inflow of capital into the meme coin has also been recorded. According to on-chain analytics firm CoinGlass, FLOKI’s Open Interest (OI) has surged by 117% to $85.56 million, at press time, marking its highest level in the past 12 months. The major liquidation levels were $0.000121 on the lower side and $0.0001414 on the upper side. At these levels, traders are over-leveraged, with $1.55 million worth of long positions and $781K worth of short positions. This data reveals that traders are strongly interested in the bullish side. Source: CoinGlass Whale transactions between $100K and $1 million have surged by 2,633.33%, according to IntoTheBlock. This sharp rise raises a key question: Is now the right time to buy – or has the opportunity already passed? Source: IntoTheBlock…
What's Your Reaction?
