FLOKI

The post <a href="https://coinpedia.org/price-analysis/is-floki-price-ready-for-a-50-hike-this-summer/">Is FLOKI Price Ready For A 50% Hike This Summer?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the broader market gaining momentum as BItcoin pumps to $62,000+ levels, the meme coins are making a comeback. Surviving and undermining the weekend crash, the FLOKI price trend is on a smooth uphill journey.&nbsp; 
The meme coin is making a bullish candle and projecting a successful post-retest jump, teasing a huge rally. Will this dog-themed coin manage a 50% jump, as the sideline traders anticipate? Find out a long-term view on this meme coin in our <a href="https://coinpedia.org/price-prediction/floki-price-prediction/">FLOKI price prediction</a>. 
<h2 class="wp-block-heading" id="h-floki-price-performance">FLOKI Price Performance</h2> 
With an almost 17% jump in the last 24 hours, per coinmarketcap, the FLOKI price is making a comeback with the broader market. Further, it ranks as the second-best performer in the 24H period, behind PEPE, reflecting a surge in the meme coin industry.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/k-KM3DLmfFtRWRz9Y2glgETxIoa2M1P8K9E3HEraeLioRxvt4bciroLnqh5Ug7_g6ykFxsazOJuUaUtsSxikzmywOqFNX49K9OwXxS8f3MQqUv3jJ9dypLv8KO8kOEbBp39sRt7a991evMOl-ZrkseY" alt="">
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<a href="https://www.tradingview.com/x/wJTdUuSF/">TradingView</a> 
In the 1D chart, the FLOKI price trend showcases the wedge breakout rally turning sideways between two Fibonacci levels. However, the overnight jump marks a positive cycle to challenge the overhead resistance.&nbsp; 
With a bullish candle of 8.26% jump yesterday, the bullish momentum sustains, resulting in a 2.68% intraday jump. Currently, the FLOKI price trades at $0.0001883 with increased chances of a 38.20% Fibonacci breakout. 
Technical Indicator: 
MACD: The MACD and signal lines are merged near the zero line. However, a bullish continuation will prolong the uptrend in average lines. 
RSI: The daily RSI line maintains an uptrend and rises from the halfway line, reflecting a demand surge. 
<h2 class="wp-block-heading" id="h-will-floki-make-a-50-leap">Will FLOKI Make A 50% Leap?</h2> 
As per the trend-based Fibonacci level and the bull cycle in the consolidation range, the $0.00020 mark is a crucial psychological resistance level. A range breakout will boost the uptrend in FLOKI price to potentially reach the $0.00030 mark, a 50% surge in the coming weeks.&nbsp; 
However, a failure to surface above $0.00020 will prolong the consolidation range and risk the $0.0001682 support. A downfall under this will plunge the meme coin to $0.0001280.

Is FLOKI Price Ready For A 50% Hike This Summer?

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