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Floki Token (FLOKIUSDT) Price Prediction: Can FLOKI Reach The $0.0010 Level?

floki-token-FLOKIUSDT-price-prediction

TokenFi, a platform integrated into the Floki ecosystem, and Floki FLOKIUSDT have been officially appointed as cryptocurrency partners for the upcoming WTT Champions Incheon 2024 tournament in South Korea. This partnership exemplifies the Floki project's continuous dedication to capitalizing on athletic competitions in order to increase brand awareness.

Should You Buy a Floki Token now?

What is the price target of Floki coin in 2024, 2025, and 2030?

Let’s unlock the answer!

Floki Token Basic: Is The Background Solid?

The FLOKI token functions as a multi-chain cryptocurrency, being present on both the BNB Chain BNBUSD and Ethereum ETHUSDT blockchains. The token's cross-chain compatibility provides users with the ability to employ it across a multitude of decentralized platforms and applications that span both networks, thereby affording them flexibility.

FLOKI, originated as a meme token like Shiba Inu dog, but it has made it unique within the domain of cryptocurrencies. 

One of its primary features is the Valhalla metaverse, where individuals participate in combat, amass assets, conduct transactions, and have the opportunity to receive rewards. FlokiFi also offers a collection of DeFi tools designed to facilitate staking, locking, and potential future expansion. 

In order to augment its allure, Floki supports a bold academic endeavor called Floki University, which aims to acquaint users with the fundamentals of blockchain technology and cryptocurrencies.

The Floki ecosystem is fortified by FlokiPlaces, which emphasizes practicality in addition to its lighthearted inception. In addition to these fundamental components, the Floki project engages in strategic partnerships and philanthropic initiatives. It could establish the FLOKI token as a catalyst for constructive transformation in the cryptocurrency industry.

Let’s see the upcoming price direction of this instrument from the FLOKIUSDT technical analysis:

Is Floki Pump Over?

FLOKIUSDT-price-prediction

In the daily chart of FLOKIUSDT, the ongoing market momentum suggests a pump with a top set at the 0.0003141 level. A significant downside pressure came from this swing high, but no high volume level was formed. In that case, a bullish rebound is possible as long as the ongoing bullish pressure hovers above the near-term crucial demand zone.

Based on the supply-demand concept, the ongoing buying pressure is backed by a valid rally-base-rally formation, where the most recent bottom is at the 0.000090 to 0.000144 area, which could be the last hope for bulls. Moreover, the 100-day Simple Moving Average hovers below this line with a bullish slope, which could be another bullish factor for this token.

Above the major support area, the near-term support line is at the 0.000161 level, which could be an immediate barrier to sellers. As the ongoing price action is bullish above the dynamic 20-day EMA line, an immediate upward pressure is also possible.

Based on the volume structure, the most active level is at the 0.000133 level, which is way below the current price. Moreover, the Relative Strength Index (RSI) suggests a corrective pressure as it rebounded from the overbought 70.00 line. However, a bullish rebound is possible if the RSI should rebound from the 50.00 to 60.00 zone.

Based on the daily market outlook of FLOKIUSDT, the broader market direction is bullish, where the first bullish signal might come from the 0.0001614 support level. Below this line, another crucial level to look at is the 0.000090 level. In both cases, a valid bullish rejection with a bullish daily candle is needed to open a long position. 

For the bullish case, the primary target would be the 0.000408 level, which is a 161.8% Fibonacci Extension level from the current swing.

On the bearish side, the Pump and Dump are not formed yet, but a valid rebound with a daily close below the 0.000161 level could be an alarming sign to bulls. A valid bearish daily close below this line with a consolidation could signal significant sellers' presence in the market, targeting the 0.000031 level.

FLOKIUSDT Ichimoku Cloud Analysis

FLOKIUSDT-price-prediction

In the daily chart of FLOKIUSDT, the Ichimoku Cloud suggests a potential bullish continuation signal as the recent price hovers above the dynamic Support level. However, the dynamic Tenkan Sen is acting as a crucial resistance, while the Kijun Sen is flat.

In the future cloud, the Senkou Span B is flat, suggesting a corrective pressure, while the Senkou Span B is bullish.

The Average Directional Index (ADX) suggests a corrective pressure as the current line shows downward traction above the 50.00 line. In that case, a rebound is needed in the ADX line from the 30.00 to 20.00 area before forming a stable trend.

Based on the Ichimoku Cloud analysis of FLOKIUSDT, the recent price faces a trendline resistance from the descending channel, where a bearish daily close below the Kijun Sen line could lower the price towards the 0.000160 line.

On the bullish side, a valid channel breakout with a stable market above 0.000260 could indicate a bullish possibility, targeting the 0.000400 level.

FLOKIUSDT Price prediction For 2024, 2025 and 2030

Considering the current market outlook, Bitcoin reached an all-time high level but no significant surge is seen in the altcoin market. However, the growing interest in the crypto market is solid, where virtual reality and NFTs are a solid future. 

Based on the background of the Floki token (FLOKI) and ongoing price behavior, FLOKI can reach $0.00050 by the end of 2024. After a downward correction from that top, the price could come lower to the $0.00020 level in 2025 before reaching the $0.0010 level by the end of 2030.

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