On August 23, 2024, the popular meme coin Floki Inu (FLOKI) acquired significant attention from the crypto neighborhood due to the current bullish breakout and an outstanding cost rise over the last 24 hours. Amid this bullish outlook, a crypto specialist made a post on X (previously Twitter) that FLOKI is experiencing a bullish divergence and might see a 96% rise in the coming days.
FLOKI Price Prediction for August 2024
In addition to the specialist remark, technical analysis shows that FLOKI stays bullish regardlessof trading listedbelow the 200 Exponential Moving Average (EMA) on a day-to-day time frame. On a everyday time frame, FLOKI has knowledgeable a breakout of a bullish double-bottom cost action pattern and is presently retesting the breakout level.
Following this breakout, there is a high possibility that FLOKI might rise by 50% to $0.000209 level. However, throughout the up momentum, it might face resistance near the $0.0001611 level.
FLOKI Price Analysis and Rising Open Interest
At press time, FLOKI is trading near the $0.0001355 level and has knowledgeable a cost rise of over 7% in the last 24 hours. Meanwhile, its trading volume hasactually increased by 90% throughout the exactsame duration, suggesting greater involvement from traders following the current breakout.
Additionally, FLOKI’s open interest has leapt by 13% in the last 24 hours, suggesting growing interest from financiers.
Floki Inu’s Recent Partnership
Besides FLOKI’s bullish outlook based on rate action and technical analysis, another aspect improving its momentum is a collaboration statement made on August 21,2024 According to the post on X, Floki has partnered with SimonsCatMeme to benefit users who trade the CAT token through the FLOKI Trading Bot.
ANNOUNCING: Floki Trading Bot Tradi