Key Takeaways
- Floki Inu’s Current Status: FLOKI price is trading at , having increased by 3.5% in the last 24 hours and 19.3% over the past week, reflecting a recovery trend amidst broader market fluctuations.
- Market Performance: After a dramatic rise earlier in 2024, FLOKI price has faced a significant correction of over 30% since early August, aligning with broader memecoin market trends and current bearish sentiment.
- Technical Analysis: FLOKI price is currently hovering just below the base Fibonacci pivot level for August at $0.00015, with a need to break above $0.000165 and sustain above both the 50-day and 200-day EMAs to signal a potential bullish trend.
- FLOKI Price Predictions: Short-term forecasts suggest FLOKI price may remain within a consolidated range of $0.00015 to $0.00018 through August, but could experience upward momentum towards $0.00024 to $0.00035 by November 2024, depending on market conditions.
- Future Outlook: Looking ahead to 2028, FLOKI price is expected to see significant recovery and growth, potentially reaching $0.00075 to $0.00085 as positive market dynamics and increased trading volumes drive its price higher.
Where will Floki Price Head Next?
- At the start of 2024, FLOKI price saw an extraordinary surge, reaching a peak increase of 730% and is currently up by nearly 650%.
- In March, FLOKI price impressively surged by 460% at its peak, breaking the significant $0.0003 psychological barrier, which it surpassed again at the end of May 2024. However, since early August, the memecoin market, including FLOKI, has experienced a significant correction, with the price dropping over 30%.
- Currently, FLOKI price is trading just below the base Fibonacci pivot level for August 2024 right at the psychological level of $0.00015.
- To regain bullish momentum, FLOKI price needs to break above the base Fibonacci pivot level at $0.000165 and convincingly stay above both the 50-day and 200-day EMAs. A subsequent breakout above the R1 level at $0.0002 could set new targets at $0.00025 and potentially $0.0003 for Floki Inu price.
- On the downside, if the market turns bearish, the psychological level and the Fibonacci pivot S2 level for August at $0.0001 could provide support for Floki Inu price.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.00013 / $0.0001 / $0.000075 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.0002 / $0.00022 / $0.00025
|
|
50-day EMA |
$0.000147
|
|
200-day EMA |
$0.00015
|
|
RSI level |
59.06 |
|
MACD level (Signal Line) |
+0.01 |
Floki Price Prediction August 2024
After surging with acute strength, the bulls may face some weakness, due to which the price may remain within a consolidated trend. No major price movements or variations may be expected as the bulls and bears could remain inactive. By the end of the month, the price may trade within the same consolidated range between $0.00015 to $0.00018.
With the beginning of September, the crypto winters may also begin as the bears begin to extract the profits. Historically, the month has been bearish for years, and hence the trade is expected to remain consolidated in September as well. As the trade approaches the end of the month, the price may drop below $0.00015 to $0.00018 rnage and close below the range.
After the bearish September, the bulls are expected to exhibit their strength as the selling pressure could drop notably. This may uplift the rally, and after multiple attempts, the trend may flip during the last few days of the month. The bullish rebound may not receive the required buying volume, and hence the trade may close between $0.00024 to $0.00029 by the end.
With the FLOKI price advancing into the last quarter of the year, the volume may continue to surge, which may in turn increase the volatility. With this, the price may begin to form consecutive higher highs and lows, indicating the growing strength of the bulls. Besides, the optimism around the token may also surge, due to which, the price may close the monthly trade between $0.00031 and $0.00035.
As the trade steps into the final phase of the yearly trade, optimism over the markets may rise, causing a notable jump in the FLOKI price. The price could rise beyond $0.00025, which may pave the way to achieve $0.0004. However, before reaching these levels, the bearish attack could occur and close the yearly trade between $0.00037 to $0.00041.
Floki Price Prediction 2025
The market has shown positive momentum since the beginning of the year, with optimism surrounding FLOKI. FLOKI price could peak between $0.00075 and $0.00085 in the middle of the second quarter before experiencing a slight decline. Initially, the bulls might dominate, but by the end of Q3, the bears could take over, leading to a market correction. This correction might intensify during Q4, potentially resulting in a bear market. By year-end, FLOKI price could drop by 20% to 25% from its peak, settling around $0.00065 to $0.00068.
The recent correction might continue, with increasing selling pressure as more people decide to sell. FLOKI price could steadily decline, with the rally losing momentum and forming consecutive lower highs and lows. Bears might gain strength, making it difficult for bulls to maintain the price at key levels, causing concern. As investors grow more pessimistic about the future, sentiment could shift to extreme fear. By year-end, FLOKI price could drop by 65% to 70% from its peak, trading around $0.00035 to $0.00038.
The price may begin to trade within a descending trend since the beginning of the year and may slowly fade away as it advances. However, bears are likely to hold huge dominance, as an increased selling activity may be recorded which may contribute to the downward trend. If bulls fail to maintain temporary support levels, the price could fall further, possibly reaching between $0.00025 and $0.00030. FLOKI price might hit its lowest point in the early part of the last quarter. Although a quick rebound is unlikely, the downward trend may slow, with the year-end price predicted to be between $0.00021 and $0.00022.
With Bitcoin starting the year strong, other tokens like FLOKI might also see positive momentum mounting over the rally. This could signal a reversal of FLOKI’s previous downward trend, marking the beginning of a recovery with the prices achieving $0.004 quickly. By mid-year, FLOKI price might rise significantly as it aims to return to previous levels. In the latter part of this upward trend, bulls are expected to dominate, increasing volatility and trading. This could push FLOKI price above $0.0006 initially, with a potential year-end range of $0.00075 to $0.00085.
FLOKI price is expected to start 2029 positively, potentially surpassing $0.001 in the first few days. The entire year might see a steady and strong rise, with further gains likely in the second half. Initially, the price could exceed $0.0015, and by the end of the third quarter, it might reach new highs between $0.0017 and $0.002. By year-end, FLOKI price is predicted to be between $0.0019 and $0.0021, with minimal impact from significant downward trends.
The positive trend in late 2029 is expected to trigger a noticeable upward movement at the start of 2030. This trend is likely to continue, with FLOKI showing steady fluctuations, indicating strengthening bulls. As trading progresses, the upward momentum is expected to increase, aiming for higher levels in the short term. By the start of the fourth quarter, FLOKI price is anticipated to exceed $0.0025, potentially reaching $0.003 by year-end.
Will FLOKI Price Rise Again in 2024?
After a prolonged period of downward pressure, FLOKI price is now on the rise. Bulls are dominating the trading volume, and technical indicators suggest that the price will likely remain high until the end of 2024.
