BURN

Burn

FLOKI

Million

Floki DAO

<ul class="list-ic vertical">
 <li><span>1</span> <a>FLOKI price crossed the trendline hurdle and is still awaiting a breakout.</a></li>
 <li><span>2</span> <a>The memecoin displayed a remarkable surge of over 10% in the last 24 hrs.</a></li>
</ul>
<p>The dog-themed cryptocurrency <strong>FLOKI price </strong>has crossed its key hurdle of $0.0001790 and is preparing to break out of a range. Additionally, the memecoin picked up bullish momentum, rising sharply intraday.</p>
<p>Recently, the <strong>FLOKI price</strong> rebounded from its 100 day EMA mark and reflected significant buying activity. Along with its peers (PEPE and SHIB), FLOKI crypto also witnessed investor speculation and a surge in demand over the past few weeks.</p>
<p>At press time, the <strong>FLOKI price </strong>was $0.0001997 with an intraday bounce of 10.10%. It has a monthly return ratio of 4978% and 453.38% yearly, reflecting short-term rise.</p>
<p>The pair of FLOKI/BTC is at 0.00000000324 BTC, and the market cap is $1.94 Billion. Analysts are bullish and suggest that the <strong>FLOKI price</strong> may register a range breakout soon and will retest its higher trajectory zone around $0.0003000 soon.</p>
<h2 class="wp-block-heading" id="strong-could-floki-dao-burn-proposal-trigger-the-bull-run-strong"><strong>Could Floki Dao Burn Proposal Trigger The Bull Run?</strong></h2>
<p>In a recent tweet by the official community, the <strong>Dao’s proposal </strong>to burn over 15 Billion Floki Dao tokens was mentioned in the statement. Referring to this proposal, worth $2.8 Million, was transferred to the Floki multisig, and would returned 1% of the tokens to the affected wallet.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">NEW DAO PROPOSAL: BURN 15,246,000,000 <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FLOKI</a> TOKENS<br><br>A new Floki DAO proposal just went live on whether or not to burn 15,246,000,000 <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FLOKI</a> tokens.<br><br>Please read the proposal and vote here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/UVzQdYQUpu" rel="noopener noreferrer nofollow">https://t.co/UVzQdYQUpu</a> <a href="https://t.co/j1mi6XrVZ0" rel="noopener noreferrer nofollow">pic.twitter.com/j1mi6XrVZ0</a></p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1790099285502988368?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center"><strong>Source: Twitter</strong></p>
<h3 class="wp-block-heading" id="strong-floki-might-register-breakout-soon-here-s-an-on-chain-analysis-strong"><strong>FLOKI Might Register Breakout Soon: Here’s An On-Chain Analysis</strong></h3>
<p>The daily charts of the <strong>FLOKI crypto</strong> highlights buyer accumulation and is ready to blast off in the coming sessions.</p>
<p>Per the analysis of over 26 technical indicators, only 1 indicator gave a sell signal, while 10 represented a neutral call, and 15 indicators confirmed the uptrend and signalled a buy call.</p> 
<p><a href="https://www.tradingview.com/chart/FLOKIUSDT/GLJCUPWK-FLOKI-price/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p class="has-text-align-center"><strong>Source: TradingView</strong></p>
<p>Notably, the trading volume displayed significant buying volume and spiked over 265.10% to $626.15 Million in the last 24 hrs. Majority of the key indicators suggest a bullish trend ahead and are representing that the breakout is on the cards.</p>
<h3 class="wp-block-heading" id="strong-smart-recovery-in-weighted-sentiment-and-surge-in-volatility-strong"><strong>Smart Recovery In Weighted Sentiment and Surge In Volatility</strong></h3>
<p>Amidst the price chart outlook, a smart recovery in the weighted sentiment data was noted. Across the<a href="https://www.thecoinrepublic.com/2024/05/08/crypto-vc-funding-hits-4b-ytd-bullish-sign-for-crypto-market/" target="_blank" rel="noopener noreferrer nofollow"> crypto market</a>, the demand for the FLOKI crypto has significantly increased.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (FLOKI), Weighted sentiment (Total) (FLOKI)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=monero&amp;pt=XMR&amp;df=2023-11-14T18%3A29%3A59.690Z&amp;dt=2024-05-14T18%3A29%3A59.690Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bfloki-inu%3BFLOKI%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bfloki-inu%3BFLOKI%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center"><strong>Source: Santiment</strong></p>
<p>Going forward, the price volatility has risen over 22% and spiked to 0.051, noting the investor speculation. Moreover, the rise in volatility is an early sign of an upcoming bullish wave.</p>
<h3 class="wp-block-heading" id="strong-futures-open-interest-data-outlook-strong"><strong>Futures Open Interest Data Outlook</strong></h3>
<p>In the last 24 hrs, fresh long buildup were made by the investors and a surge over 52.38% to $17.16 Million in the open interest was noted.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="234" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-1024x234.png" alt="FLOKI" class="wp-image-205573" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-1024x234.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-300x68.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-768x175.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-750x171.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163-1140x260.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-163.png 1437w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center"><strong>Source: CoinGlass</strong></p>
<p>Per the GIOM indicator, around 84% in-the-money holders at the current price level are in profit, while only 15% holders are looking to secure their gains, which is a sign of confirmed uptrend ahead.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="257" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-1024x257.png" alt="FLOKI" class="wp-image-205574" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-1024x257.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-300x75.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-768x192.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-1536x385.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-750x188.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164-1140x286.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-164.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center"><strong>Source: IntoTheBlock</strong></p>
<p>The immediate support levels for the <a href="https://www.thecoinrepublic.com/2024/03/04/floki-crypto-surges-300-a-week-whats-fueling-the-meme-coins/" target="_blank" rel="noopener noreferrer nofollow">FLOKI crypto</a> is $0.0001950 and $0.0001870 whereas the key upside hurdle is around $0.0002120, followed by $0.0002230.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The FLOKI (FLOKI) crypto highlighted the bullish sentiment and might register a sharp breakout ahead. Moreover, the technicals are replicating a positive outlook and the memecoin may outperform in the next sessions.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

FLOKI Price Surges Over 10% Intraday – Technical Analysis

Table of Contents

Thecoinrepublic.com

Other articles published on May 14, 2024

FLOKI & Pepe Surge 20% in 24 Hours Amid Market Rebound

Top Crypto Analyst Predicts Shiba Inu Could Surge 20% to $0.00002954

TON surges amid uncertainty, GFOX P2E game set to launch this week

Paul Grewal Critiques SEC’s Communication with Major Crypto Firms

Vitalik Buterin Proposes Ethereum Gas Model Upgrade

Brazil Crypto Trading Surges: Stablecoins Gain Traction

Join our free newsletter for daily crypto updates!