On August 23, 2024, the favored meme coin Floki Inu (FLOKI) gained notable consideration from the crypto neighborhood because of the current bullish breakout and a formidable worth surge during the last 24 hours. Amid this bullish outlook, a crypto knowledgeable made a put up on X (beforehand Twitter) that FLOKI is experiencing a bullish divergence and will see a 96% surge within the coming days.
FLOKI Worth Prediction for August 2024
Along with the knowledgeable remark, technical evaluation signifies that FLOKI stays bullish regardless of buying and selling under the 200 Exponential Transferring Common (EMA) on a every day timeframe. On a every day timeframe, FLOKI has skilled a breakout of a bullish double-bottom worth motion sample and is presently retesting the breakout stage.
Following this breakout, there’s a excessive chance that FLOKI might surge by 50% to $0.000209 stage. Nonetheless, in the course of the upward momentum, it could face resistance close to the $0.0001611 stage.
FLOKI Worth Evaluation and Rising Open Curiosity
At press time, FLOKI is buying and selling close to the $0.0001355 stage and has skilled a worth surge of over 7% within the final 24 hours. In the meantime, its buying and selling quantity has elevated by 90% throughout the identical interval, indicating greater participation from merchants following the current breakout.
Moreover, FLOKI’s open curiosity has jumped by 13% within the final 24 hours, indicating rising curiosity from traders.
Floki Inu’s Current Partnership
Moreover FLOKI’s bullish outlook based mostly on worth motion and technical evaluation, one other issue boosting its momentum is a partnership announcement made on August 21, 2024. In response to the put up on X, Floki has partnered with SimonsCatMeme to reward customers who commerce the CAT token by way of the FLOKI Buying and selling Bot.
Moreover, the put up additionally cited, “1.5% of the CAT provide has been allotted in direction of this marketing campaign, permitting customers who commerce the Simon’s Cat token by way of Floki Buying and selling Bot to earn again their buying and selling charges and probably extra.”
