As with many other tokens, FLOKI experienced a considerable downtrend and lost and retraced ~60% in June. As always, during such periods, you can hear voices announcing that the coin is going to 0 and that the hype is over.
Although meme coins are probably one of the toughest assets to forecast, I am convinced that FLOKI's next months are bright.
Here are four reasons why I think FLOKI will pump massively and reach the level of 0.00034 during the next months.
1️⃣ FLOKI clearly found its bottom at the level of 0.00013, tested it several times, and finally bounced nicely with fresh upward momentum.
2️⃣ Subsequently, FLOKI crossed the EMA200 line and successfully retested it immediately afterward. The EMA200 is one of the most important indicators of a bullish trend.
3️⃣ Just recently, FLOKI also crossed the major resistance area at 0.00019 and is currently retesting it. Based on the current market sentiment, I expect a successful retest, further strengthening FLOKI's upside potential.
4️⃣ Today, FLOKI flashed a bullish EMA crossover signal. The signal indicates that a shorter-term moving average has crossed a longer-term moving average to the upside. Usually, this indicates the beginning of a stronger trend — in our case a bullish one. This signal has historically led to a price increase of >10% for FLOKI.
What's Next 👇
Given the continuation of the bullish market, Bitcoin's strength, and the successful launch of the ETH ETF, I expect FLOKI to deliver a strong performance. When looking at the long-term trendline, the logical next target sits at 0.00034, resulting in an 80% potential (based on the current price).
However, as always, it's worth mentioning that I don't expect FLOKI to reach this level overnight!
FLOKIUSDT
Although meme coins are probably one of the toughest assets to forecast, I am convinced that FLOKI's next months are bright.
Here are four reasons why I think FLOKI will pump massively and reach the level of 0.00034 during the next months.
1️⃣ FLOKI clearly found its bottom at the level of 0.00013, tested it several times, and finally bounced nicely with fresh upward momentum.
2️⃣ Subsequently, FLOKI crossed the EMA200 line and successfully retested it immediately afterward. The EMA200 is one of the most important indicators of a bullish trend.
3️⃣ Just recently, FLOKI also crossed the major resistance area at 0.00019 and is currently retesting it. Based on the current market sentiment, I expect a successful retest, further strengthening FLOKI's upside potential.
4️⃣ Today, FLOKI flashed a bullish EMA crossover signal. The signal indicates that a shorter-term moving average has crossed a longer-term moving average to the upside. Usually, this indicates the beginning of a stronger trend — in our case a bullish one. This signal has historically led to a price increase of >10% for FLOKI.
What's Next 👇
Given the continuation of the bullish market, Bitcoin's strength, and the successful launch of the ETH ETF, I expect FLOKI to deliver a strong performance. When looking at the long-term trendline, the logical next target sits at 0.00034, resulting in an 80% potential (based on the current price).
However, as always, it's worth mentioning that I don't expect FLOKI to reach this level overnight!
FLOKIUSDT 
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.