Floki Inu (FLOKI) Price Prediction 2023

FLOKI market in a bullish sentiment in the last 24 hours.
Floki Inu has increased overall by 58,678% since its beginning.
Floki Inu’s total market cap is approximately $72 million.

The utility token of the Floki Ecosystem and the cryptocurrency used by the general public is called Floki (FLOKI). It is a cryptocurrency developed by supporters and members of the Shiba Inu (SHIB) community and is based on Elon Musk’s Shiba Inu.

The price of Floki Inu, a cryptocurrency frequently referred to as a “meme token,” has been extremely erratic during the previous 12 months. After it was revealed that Elon Musk had purchased a Shiba Inu breed and given it the name Floki, Floki Inu was made public in June 2021.

FLOKI/USD price chart (source: CoinMarketCap)

Since the invention of the meme coin, bulls in FLOKI market have recorded an all-time high of $0.0003437 in the month of November 2021 after it experienced.

Floki Inu has increased overall by 58,678% since its beginning. The token, however, has drastically corrected over the past year. In January 2023, Floki Inu’s total market cap is approximately $72 million, down from a record market worth of $2.3 billion.

According to most analyst research, FLOKI is one of the cryptocurrencies that has the ability to skyrocket and reach new highs this year. The FLOKI price prediction for 2023 predicts a big rise in the second half of the year, maybe reaching $0.000026.

The climb will be moderate, much like with other cryptocurrencies, but no significant declines are anticipated. Even though it is quite an ambitious goal, considering the projected cooperation and developments, it is doable in the near future. FLOKI should be valued at least at $0.00002.

Currently, the price of FLOKI is $0.00002381, which has increased by 6.21% in the last 24 hours. The bullish strength has led to market consolidation at $0.00002113, which is currently acting as the support while the resistance is at $0.00002973. The bullish sentiment is also denoted by an increase in trading volume, which is currently at $41,021,149, which is an increase in the range of 80.25%. Floki has also established weekly highs of $0.00002973 and lows of $0.00001059. The current Floki Inu price is down by 92.91% from its all-time highs (ATH).

Recent Floki Inu (FLOKI) Technical Analysis

In the last 24 hours, the price of Floki Inu has been in a bullish trend, as indicated by the widening of the Bollinger Band (BB), indicating that bulls have dominated the market and that this trend may continue in the market in the coming hours. The BB also suggests that there are more buyers than sellers in FLOKI market. The bullish sentiment is also indicated by the fact that the price of the upper band is trading below the current market price.

The Relative Strength Index (RSI) indicator also denotes a bullish sentiment that might continue in FLOKI market in the hours ahead as the RSI line is trending above the signal line. However, investors and traders should be cautious before entering the market. This is because the RSI line has reached its overbought region, indicating that a price reversal might soon occur in FLOKI market.

The formation of the trajectory histogram in the positive region denotes that the current bullish momentum might continue in FLOKI market in the coming hours. With a reading of 0.000002841 on the MACD line, it indicates that bulls in FLOKI market might persist in the coming hours as it is moving above its signal line, suggesting that bullish pressure might persist in the market in the short term.

FLOKI/USD 1-day price chart (source: TradingView)

In conclusion, as per our price prediction, the bullish trend in FLOKI market indicates that a bullish long run might continue in FLOKI market, which might lead to setting new highs in Floki Inu market.

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Disclaimer: Everything presented in this price forecast, including any and all thoughts and opinions expressed, is done so in good faith. Research and due diligence are the responsibility of the reader. CryptoNewsLand and its affiliates are not responsible for any direct or indirect harm or loss that may occur as a result of any decision made by the reader.

Munene Kelvin

Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.