Floki Inu price prediction is bullish, as it trades roughly 40% higher than Sunday’s intraday low of $0.0001150. FLOKI/USDT has rallied approximately 22.30 percent in the last 24 hours after successfully bounding off the $0.0001220 support floor.
According to CoinmMarketCap data, the FLOKI price has outperformed other meme coins, with Dogecoin (DOGE) rising just 3.11 percent on the day and the self-proclaimed “Doge-Killer” Shiba Inu (SHIB) rising just 2.54 percent over the same timeframe.
FLOKI trading volume has increased by 24 percent in the last 24 hours to $33,591,604, indicating a positive outlook for the asset in the near term.
Price Prediction for Floki Inu: Bullseye $0.00018018 High Range
On the four-hour chart, Floki Inu (FLOKI) is trading in a fifth bearish session at $0.0001597. FLOKI has recently risen above the November 23 downtrend line, indicating that bulls are intent on reversing some of the losses.
The 50-four-hour Simple Moving Average (SMA) at $0.0001615 appears to be providing immediate resistance to the meme coin. Flipping this level into support could result in massive buy orders, pushing FLOKI up to the November 26 range high above $0.0001808. This represents a 13.47 percent increase over the current price.
Four-Hour FLOKI/USDT Chart
The upward slope of the Relative Strength Index (RSI) emphasizes this positive outlook.
Also, on November 28, the Moving Average Convergence Divergence (MACD) indicator signaled a buy signal for FLOKI. This happened when the blue MACD line crossed above the orange signal line, signaling the beginning of the current bullish run. When the MACD crosses the zero line into the positive region, the Floki Inu price prediction will gain traction.
Taking A Look Over The Fence
If the asset fails to close above the 50 SMA at $0.0001615, the above bullish Floki Inu price prediction will be null and void. If this occurs, FLOKI may be forced to consolidate above the $0.0001458 support level before resuming its upward trend.