- Floki Inu breaks out of a wedge pattern, targeting a 120% rise to $0.000546.
- Coinbase listing boosts Floki’s price and trading volume, contributing to the bullish trend.
- Meme coin market sees increased institutional interest, driving Floki’s rise and market cap growth.
Floki Inu (FLOKI) has just broken out of a wedge pattern, with strong buying volume. This could mark the start of a major bull run. According to analyst Javon Marks, the target for Floki now sits at $0.000546, more than a 120% increase. Previous breakouts show that this surge may continue. Let’s explore what’s fueling FLOKI’s recent price gains.
Coinbase Listing Sparks Price Surge
Floki’s price jumped after Coinbase confirmed the token’s listing. Trading volume surged nearly 100% within 24 hours. The price rose 15%, indicating growing momentum. Starting tomorrow, Floki will trade on Coinbase at 5 p.m. UTC, initially as an ERC-20 token, with the listing rolled out in phases.
The Coinbase listing signals increased attention for Floki, joining other meme coins like Dogecoin (DOGE) and Bonk (BONK), which saw big price jumps recently. This could show that the meme coin trend is catching on with more investors.
Floki’s Rising Influence in the Meme Coin Market
Floki’s market cap has now surpassed $2.6 billion. The token’s daily trading volume recently spiked over 100%, highlighting its growing popularity. Investors are increasingly turning to meme coins with strong community support, driving prices higher.
This trend has even drawn institutional interest, with DWF Labs launching a $20 million fund to back meme coins with large followings. Floki’s connection to Elon Musk’s pet Shiba Inu has helped solidify its position among crypto’s “degen” community.
Known for high-risk, high-reward trading, this group has contributed to Floki’s rise. For now, Floki Inu’s breakout, combined with the Coinbase listing and strong community backing, suggests great potential for price gains. As Floki targets $0.000546, traders should stay alert for what’s next.
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