FLOKI Price Prediction: Will the Revolut Listing Propel FLOKI to New Highs?

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As an experienced analyst, I believe the recent breakout from the neckline resistance in FLOKI’s ascending triangle pattern is a bullish sign. This technical setup indicates the building of significant bullish momentum, which was released with today’s decisive price jump. The listing on Revolut Business, a major European neobank and retail trading app, could be a significant catalyst for FLOKI’s adoption and subsequent price increase.

FLOKI Price Prediction: Floki, the popular dog-themed meme cryptocurrency, has risen for three consecutive days despite the current market consolidation. This bullish turnaround pushed the asset value from $0.000159 to $0.00021 registering a 33% rise. The rising price gave a decisive breakout from the neckline resistance of the ascending triangle pattern, signaling the potential of a higher rally.

Triangle Pattern Breakout Sets FLOKI Price For Prolong Recovery

FLOKI Price Prediction: Will the Revolut Listing Propel FLOKI to New Highs?

During the post-Bitcoin Halving period, many significant cryptocurrencies, including FLOKI coin, have followed a sideways trend since April 19th. The price of this memecoin during consolidation has been confined between approximately $0.000127 and $0.000202.

An examination of the day-to-day price chart for FLOKI reveals that it has formed new lower highs, indicating sellers have been in control. Yet, the emergence of higher lows suggests buyers are attempting to retake the reins and accumulate during price drops. By linking these low points, a supporting trendline becomes apparent, giving shape to an ascending triangle pattern.

Based on theoretical analysis, this bearish setup could signal the gradual accumulation of bullish energy, which gets unleashed once the neckline resistance is breached.

As a crypto investor, I’m thrilled to share that today, the Floki price experienced a significant surge of 16%, marking a decisive breakout above the $0.000202 resistance level. This impressive rally can be attributed to the exciting news of Floki getting listed on Revolut Business – Europe‘s leading neobank and retail trading app, which boasts an impressive user base of over 40 million individuals across more than 150 countries.

By making this strategic move, we aim to streamline the process for European businesses to acquire FLOKI, which could expedite its adoption and bring us closer to our goal of being the most widely recognized and used digital currency globally.

If the breakout sustains, the FLOKI coin raises its value to $0.00026 followed by $0.000031.

Technical Indicators 

  • Average Directional Index: The  daily ADX rising at 24% indicates the consolidation phase assisted buyers in building sufficient momentum for a Higher rally 
  • BB indicator: The coin price is challenging the upper boundary of the Bollinger Bands, indicating that buyers are currently the dominant force in the market.

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2024-05-15 17:50