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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/floki-price-experiences-a-jump-ahead-of-tokenfi-launch-whats-next-for-floki-coin-price/">Floki Price Experiences A Jump Ahead Of TokenFi Launch! What’s Next For Floki Coin Price?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto industry has displayed a significant price movement during the past week, as maximum tokens have experienced massive jumps in their value, indicating a strong bullish influence over the market. Further, the FLOKI price has recorded a jump of over 22% within the last 24 hours, making it the top gainer in the industry. 
The prime reason for the <a href="https://coinpedia.org/price-prediction/floki-price-prediction/">Floki price</a> jump is assumed to be because of its upcoming project, where the platform will offer a unique staking facility to users and is expected to be launched soon. 
The launch will also unveil details about its upcoming sister token, TokenFi, with the ticker symbol as $TOKEN, thus creating hype for this meme token, resulting in a price surge. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/CYQrff_HrV9C4fqeNsc7iAA4pYE97M9Bx5J9nYcrMROmMMb3OwYSaCRP9-0dLnq-HdMDOtX50gxtDPGL9NbPYDOfjb6WCwAt4Hpu49VOVQNtbKD9nEGvPKOP-sUD1aWMA43wNbC7HgrFC-1n-8P-6Mw" alt="Floki Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FLOKI/USDT
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</figure> 
The market has recorded many price dumps for tokens in history during their staking programs, with the latest examples of Ethereum and Chainlink, where the <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">ETH price</a> has experienced a price plunge following the event, and the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/">LINK price</a> has been trading sideways post-event. Will Folki’s price experience the same market trend? 
The FLOKI price traded in a closed range between $0.00001629 and $0.00002046 since the start of October. Following the market pump, the price broke out of its resistance level, gained momentum, and made a run to test its upper resistance level of $0.00002698, where the price was rejected. 
After that, the price traded close to its upper level for a period. Floki coin then made another attempt and successfully broke out of its level at $0.00002698. Further, the price was seen trading close to the level at $0.00003300 for a day, after which the price regained momentum, broke out of it, and continued to gain value. 
But it was rejected at $0.00004001 twice, following which the price has been trading between its support and resistance level of $0.00003305 and $0.00004001 and has formed a rising channel pattern. 
The MACD has displayed massive price volatility for a week now, indicating a significant ongoing price action in the market. Further, the chart shows a rising green histogram, suggesting the price to continue gaining value for a period before expecting a price correction. 
<h2 class="wp-block-heading" id="h-will-floki-price-rise-in-2023">Will Floki Price Rise In 2023?</h2> 
Suppose the bulls continue to gain power and break out of the resistance level at $0.00004001. In that case, the memecoin will regain momentum, and the price of Floki will soon experience another price jump and test its upper resistance level of $0.0000430. 
Further, if the market gains momentum after the post-staking program, it will continue to rise and make a run to test its resistance level at $0.0000450 in the coming days. 
On the negative side, if a trend reversal occurs and the market experiences a dump, the price will lose momentum and fall to test its support level at $0.00003305 soon. 
Moreover, if the bulls fail to regain power at that level, it will continue to dip and test its lower support level of $0.00002698 by the weekend and may further fall to its pre-surge levels in the coming week.

Floki Price Experiences A Jump Ahead Of TokenFi Launch! What’s Next For Floki Coin Price?

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