FFLOKI, like all altcoins, was hammered when BTC had its -20% correction. But now it shows all the signs of recovering.
- The BTC correction seems to be over. - FFLOKI has just launched a trading bot that is burning tokens every day. - FFLOKI is on BNB and ETH chains, and will benefit from the ETH ETF cash inflow. - The FFLOKI team is the same as the TOKEN (Tokenfi) project and Valhalla metaverse, so it is not just a meme coin that can rug you, It also has a stacking system that is working. - FFLOKI is listed on all major exchanges (except Coinbase). - FFLOKI has all its tokens unlocked and has deflationary tokenomics. Already, 40% of the supply has been burned, locked in a public address. - FFLOKI has an active community of holders. Check Telegram; it is not fake.
**Conclusion:** This project is safe, has an ecosystem, a true community, has existed for three years, and will perform very well this bull run. The risk/reward is high, considering that it is a meme coin that can do 50% in a month, but it also has a solid team with a proven track record to support the project.
**What is the situation?** After a massive pump, FFLOKI was destroyed by the BTC correction and is now recovering.
- The MACD is soon having a signal cross on the 1D timeframe, indicating a long bullish phase is coming. - The RSI is in oversold territory, indicating that investors are likely to buy more. - TOTAL2 is in the same situation, indicating a bounce for altcoins. - FFLOKI is in a raising trend, the long term is bullish, it is one of the rare coins safe to hold until the end of this bull run.
** Compare with others ** - SHIBA: Already overvalued. Its capacity to rise is limited, and given the competition, it is even possible that it will lose market share to others and drop. - DOGE: It has the support of Elon Musk, but like XRP and MATIC, it is a heavy truck that doesn't move much except for rare pumps. Not really a meme. - BBONK: This coin suffers from a lot of competition. Being on the SOL chain only is hard because of the heavy competition. It is on all exchanges, so it is still strong, but what about its future? It is a new coin, and most memes are launched on SOL. Their stacking does not show any APR%? Red flag for me. Community is fake, check TG, only bots there. - WWIF: Manipulated coin. Check the website and the tokenomics; it will die before the end of this cycle if nothing changes. - PEPE: Copyright infringement. Overvalued and at risk of disappearing if the author sends a DMCA notice to exchanges. I do not gamble my money with this coin. - BRETT: Supported by a lot of influencers at the moment. Attempting to be a legal PEPE by changing the color. Copyright is still infringed. Also, it is on Base. Will not last if Base doesn't last. Risky.
--------------------------------------- If nothing major happens to BTC (such as a huge dump resulting in a flash drop to 50k), we are set for a massive leg up.
TPs are the Fibonacci levels, you can read them on the chart.
DYOR. Nothing is certain with crypto, so be careful when investing.
Note
Despite BTC being under attack by the US and German governement, McGox dumping, FFLOKI is moving according to plan. Right now, the occilators are mixed, but it is just a matter of time until all of them turn bullish and we get the most wanted pump
Note
Ok McGox is selling a lot of crap (today more than 11B are selling). So we have to hodl and wait. Good time to go to the pool. The good thing is that - miners are selling, this will end soon with the hashrate going down - McGox will stop and this will be over, no more MxGox black swap event. So hurricaine over the crypto, next, the sun will shine! The recovery of all the alts is delayed!
Note
FLOKI did a small pump, but do not dance too quickly, we are not out from the storm, BTC is still in a bearish downtrend and any pull back can wreck FLOKI to 0.0001. Let's hope that BTC will stabilize, not crash at the CPI data release the 11th of June and everything will be on track for a recovery.
Meme coins are suffering. The TOTAL3 market has lost more than 40% of its capitalization due to de-risking from the institutionnals and BTC bearish sentiment. What does this mean?
- price are low. We are actually probably at a good entry for a long/hodl.
- price will recover, probably in a month or 2
- it is not guaranteed that the price cannot go lower.
As I have explained in other ideas (since June) BTC has overheated and needed a cool down on weekly. This will last until September at least.
But the time for the altcoins is not over, they will come back.
The summer is usually not the time for bullish momentum.
Take your position for Q4. In this updated chart I show that we are at the bottom or near to it.
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.