FLOKIUSD Wait for this pull-back and buy.Floki Inu (FLOKIUSD) hit the top (Higher Highs trend-line) of the 1-month Channel Up that started on the April 13 Low. Based on the price action that followed, we should now see a pull-back of at least -15% before the new Bullish Leg begins.
We expect that to go for a test of Resistance 1 before the Channel Up breaks parabolically upwards into the new Alt Season. As a result we will go for a short-term buy at -15% and target 0.0002650 (just below Resistance 1).
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Flokinu
Floki Price Soars 13% as Kraken Launches Futures Trading Pair Kraken, a US-based exchange, has introduced Perpetual Futures Trading for Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ), causing a 13% increase in its price. This move has given SEED_DONKEYDAN_MARKET_CAP:FLOKI a mature reputation in the digital currency world and increased trading possibilities. Kraken's decision to include FLOKI in its trading environment signifies the rising recognition of its possibilities.
This innovation allows traders to predict FLOKI's price movements without owning the cryptocurrency, allowing them to either go long or short based on market forecasts. With over 10 million users, including institutional investors, Kraken's platform has increased liquidity and visibility of FLOKI. The price of FLOKI rose by almost 14%, indicating increased interest and optimism among investors.
FLOKI's inclusion in Perpetual Futures Trading coincides with its growing popularity in other financial platforms, including Revolut Business, Bitpanda Meme Coin Leaders Index, and major exchanges like Binance Thailand. As of press time, FLOKI's price was trading at $0.000212, an increase of 13.52% over the past 24 hours. The volume of trade in this period was $1,033,484,459, a 31% increase.
Floki's daily price chart depicts a "Bullish Symmetrical Triangle" which is poised for further gains. The memecoin's Relative Strength Index (RSI) which is at 64 signals a slight overbought condition for the token.