In this FLOKI (FLOKI) price prediction for 2024, 2025-2030, we will analyze the price patterns of FLOKI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
FLOKI (FLOKI) Current Market Status
What is FLOKI (FLOKI)
Floki, often referred to as Floki Inu or simply Floki is a cryptocurrency that emerged as a meme-inspired digital asset. It gained popularity and recognition due to its association with the enigmatic Norse character, Floki from the TV series Vikings, and the broader “dog meme” coin trend that began with Dogecoin.
Floki’s development and community are driven by a group of enthusiasts and developers. While its long-term viability and utility remain uncertain, it serves as a symbol of the unpredictable and speculative nature of the cryptocurrency market, attracting both fervent supporters and critics within the crypto space.
FLOKI 24H Technicals
(Source: TradingView)
FLOKI (FLOKI) Price Prediction 2024
FLOKI (FLOKI) ranks 43rd on CoinMarketCap in terms of its market capitalization. The overview of the FLOKI price prediction for 2024 is explained below with a daily time frame.
FLOKI/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, FLOKI (FLOKI) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of FLOKI (FLOKI) was recorded at $0.0001628. If the pattern trend continues, then the price of FLOKI might reach the resistance levels of $0.00018991, $0.00031368, and $0.00090426. If the trend reverses, then the price of FLOKI may fall to the support of $0.00011247.
FLOKI (FLOKI) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of FLOKI (FLOKI) in 2024.
FLOKI/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of FLOKI (FLOKI) for 2024.
FLOKI Resistance & Support Levels
FLOKI (FLOKI) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of FLOKI (FLOKI) are shown in the chart below.
FLOKI/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current FLOKI (FLOKI) market in 2024.
FLOKI (FLOKI) Price Prediction 2024 — ADX, RVI
In the chart below, we analyze the strength and volatility of FLOKI (FLOKI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
FLOKI/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of FLOKI (FLOKI).
Comparison of FLOKI with BTC, ETH
Let us now compare the price movements of FLOKI (FLOKI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FLOKI Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of FLOKI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FLOKI also increases or decreases respectively.
FLOKI (FLOKI) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of FLOKI (FLOKI) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If FLOKI (FLOKI) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish FLOKI (FLOKI) price prediction for 2024 is $0.00095208. Comparatively, if unfavorable sentiment is triggered, the bearish FLOKI (FLOKI) price prediction for 2024 is $0.00004670.
If the market momentum and investors’ sentiment positively elevate, then FLOKI (FLOKI) might hit $0.001. Furthermore, with future upgrades and advancements in the FLOKI ecosystem, FLOKI might surpass its current all-time high (ATH) of $0.0003462 and mark its new ATH.
This content was originally published by our partners at The News Crypto.