Among the market's top memecoins, Floki Inu [FLOKI] saw the least price relief in the last 24 hours. FLOKI jumped slightly by 1.5%...
This suggested that the memecoins might not rally equally if the relief rally extends to a new week. What does that mean for FLOKI though?FLOKI lost over 20% of its value between 22 July and 25 July, dropping from $0.0002 to $0.00016. However, the memecoin stabilized near the key support level and could attempt to reverse its losses.
By defending the 20-day SMA, the memecoin seemed poised to climb higher and reverse last week’s losses. If so happens, a 25% potential gain would be feasible if the price hits the next immediate target at the 61.8% Fib level. A strong rebound to the 50% Fib level would tip over 40% recovery gains. This could put pressure on the recovery and drag FLOKI, especially if this week’s post-Fed rate decision doesn’t favor the market sentiment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BONK price prediction – Memecoin’s short-term price action depends on…The next few days will be crucial for BONK, one of the market's most popular memecoins. However, a few things need to pan out first...
Read more »
Gold market analysis for July 25 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
AVAX’s 25% price jump: Is the bullish momentum sustainable?AVAX surges 25% in 48 hours. What's next? Analyzing price action, on-chain metrics, and market sentiment for Avalanche's token.
Read more »
What FLOKI’s correlation with Shiba Inu means for its priceAccording to IntoTheBlock, Floki [FLOKI] shares a stronger correlation with Shiba Inu [SHIB] than any other cryptocurrency
Read more »
BONK price prediction: What to expect from the memecoin in JulyThe token's value slipped below $0.000020 support as some market participants placed the BONK price prediction at bearish targets
Read more »
Solana-based WIF Price Prediction – Memecoin could hike by 45% IF…The potential reasons behind WIF's bullish outlook include the recent successful breakout retest, an increase in open interest (OI), and...
Read more »