Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

Floki Inu (FLOKI) has shown impressive performance this month with cryptocurrency analysts and traders predicting a bullish move for the token. Dog-themed tokens appear to be preparing to take off as the crypto market recovers from the doldrums, with Bitcoin (BTC) leading the way.

Analysts share bullish predictions about FLOKI’s future

Two weeks ago, analysts believed that FLOKI was performing well amid the downturn in the crypto market. The token, which has been on an upward trajectory since the end of February, “held up well” at the time.

While most of the market recorded significant declines, FLOKI was one of the tokens “consolidating before further expansion.” The Viking dog-themed virtual currency hovered between $0.000028 and $0.000039 for the first two months of 2024, before mid-month he showed a 337% growth since March 1 .

As March comes to an end, FLOKI is up an impressive 428.3% over the past 30 days. This performance was also noticed by crypto analysts who predicted new heights for the token.

MacroCRG, a crypto trader and market analyst, shared his thoughts on the token price. Analysts believe that FLOKI not only showed impressive performance throughout the month, but also “showed strength in LTF.”

In the chart in the post, the trader highlighted the performance since Monday and pointed to the token’s support zone above the $0.00022 price range. According to MacroCRG, “as long as these recent lows hold, we will see new highs soon.”

Similar to MacroCRG, analyst Crypto Kaleo attracted attention It claimed that LFT, a dog-themed token, appeared to be “beginning to send.”

In his post, Kaleo suggested to his followers, “Please don’t sleep on FLOKI here.” According to the analyst, the token “won’t lag ATH resistance for too long.” He concluded that sooner or later FLOKI could reach new heights “like the DOGE chart.”

Finally, crypto analyst The CryptoBull shared a bullish prediction about this token. suggest It goes through a “beautiful reaccumulation phase.” Furthermore, the analyst said He noticed a shift in interest in dog-themed meme coins because “cryptocurrencies have so much momentum.”

FLOKI price action

As of this writing, FLOKI has surged 7.7% in the past hour, with the price briefly crossing the $0.000260 mark before falling back to the $0.000255 level.

In the past 24 hours, the token has increased by 9.8% and is trading at $0.0002554. Despite the remarkable long-term performance and recent surge, the token still recorded a 10.6% correction from its performance over the bi-weekly period.

Its market capitalization rose 8.4% over the past day to $2.39 billion. According to this indicator, FLOKI is his 5th largest meme coin and his 56th largest meme coin.th The largest cryptocurrency according to data from CoinMarketCap.

Additionally, the daily trading volume suggests that the token has recently experienced a surge in market activity. A total of $690.6 million was traded, an increase of 56.6% from the previous day.

Floki is trading at $0.000263 in the 3-day chart. Source: FLOKIUSDT on Tradingview.com 

Featured image from Unsplash.com, chart from TradingView.com

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