bullish

FLOKI

Cat Token

<ul>
 <li>FLOKI lost over 4.64% in the last 24 hours, trading at $0.0001364.</li>
 <li>The RSI stands at 52.23, suggesting a neutral market sentiment.</li>
</ul>
The crypto market is struggling to sustain the bullish momentum. Overall crypto market cap noted a brief spike at the opening of the day. Currently, it has fallen by 0.27%. Along with, the top <a href="https://thenewscrypto.com/memecoin-mania-tumbles-as-experts-predict-significant-downfall/" target="_blank" rel="noopener noreferrer nofollow">meme coins</a> in the market are priced in red.&nbsp;
Among them, the dog-themed meme coin FLOKI has been seemingly in bearish sentiment. In the last 24 hours, the meme coin lost over 4.64% and at press time trades at $0.0001364 with a market cap of $1.30 billion. The meme coin hit its 24-hour high and low price at $0.0001439 and $0.0001352, respectively. Meanwhile, the daily trading volume has declined by 14.58% and stands at $234 million, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Recently, Floki Inu officially <a href="https://x.com/RealFlokiInu/status/1825654255501607251" target="_blank" rel="noopener noreferrer nofollow">announced</a> a partnership with SimonsCatMeme. This aims at a reward system for users trading the CAT token through the FLOKI Trading Bot. Furthermore, it approved an <a href="https://thenewscrypto.com/floki-inu-proposes-200k-investment-in-simons-cat-token/" target="_blank" rel="noopener noreferrer nofollow">investment</a> of $200,000 from its treasury into Simon’s Cat Token ($CAT).&nbsp;
<h3 class="wp-block-heading" id="h-what-s-next-for-floki">What’s Next For FLOKI?</h3>
Analyzing the monthly price chart, FLOKI was considerably down by 26.92%, which started trading at $0.0001864. It has dived to the low of $0.0001024. Over the past week, the meme coin has recovered from the monthly dip, noting a surge of over 18%, and hitting a weekly high of $0.0001434.&nbsp;
Examining the technical indicators, the price chart of FLOKI displays the short-term 9-day Moving Average currently positioned at $0.00012256 and the long-term 21-day MA is at $0.00012264. Whereas, the Relative Strength Index (RSI) stands at 52.23, suggesting a neutral market sentiment.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdqG9SxntAll1H1i2iEEz8oZiFIrIWxZqQGYTBF672nmFASHFT0779i3xJcjSbPQtuJXdEV97MAnA9DJiyH4aUV2I0aS9Ni5XXNXC28kmRz_Q-cYDAnC0OJmY-1PVO3QIF_YZi15YYdhn2GOqZYQw37PYs?key=lXIoUu1NW7aKdJpMGd-2Fg" alt="">
 <figcaption class="wp-element-caption">FLOKI price chart (Source: <a href="https://in.tradingview.com/symbols/FLOKIUSDT/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Looking ahead, if Floki bulls regain their upside momentum, it could target the initial resistance at $0.00014455. Whereas, if the bears sustain, the price might retrace to $0.00012806.
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Are FLOKI Bulls Eyeing a Revival Soon?

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