Meme coin Floki Inu (FLOKI) is making waves again after recording a sharp surge in its price over the past 24 hours. According to data from CoinMarketCap, the token has rallied by around 2.40 percent, outperforming other popular meme coins like Dogecoin and Shiba Inu.
At the time of writing, FLOKI trades at $0.00008192, edging closer to a critical resistance zone. Analysts are optimistic that the token could soon test the $0.0001 mark if the current momentum holds. Crypto expert Shiba Knight noted that Floki Inu is “at an interesting spot,” hinting at a possible decisive move upward.
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Among major meme coins originating from the previous cycle, Dogecoin and Shiba Inu are the only two exceptions, except for Floki Inu, which has established a new all-time high in the ongoing market surge.
The arrival of PEPE, FARTCOIN, and BONK did not slow down FLOKI’s market performance because the meme coin continues to demonstrate durability and strong results throughout various market cycles.
The analyst Shiba Knight revealed that “face-melting” price gains await Floki if its upcoming bullish setup develops. The price chart shows FLOKI breaking out above resistance through a repeated all-time high test during the past months.
Growing On-Chain Activity Strengthens Bullish Sentiment
On-chain data reveals an uptick in activity among FLOKI holders, supporting the bullish outlook. Information from The Block shows that large transaction volumes have risen by 10 percent, while active wallet addresses jumped by 18 percent.
The prevalence of profitable FLOKI holders reaches more than 52%, which is unusual for the meme coin sector. Market volatility has prompted investors to demonstrate increasing stubbornness during price swings and stronger trust in their holdings.
Many analysts observed that FLOKI’s trading volume has achieved breakout status, yet the price shows promising signals for following suit. A thriving breakout situation may cause the token to increase by 270 percent, which would bring its price to $0.00027 under continuing bullish trends.
Source: CoinMarketCap
The Floki Inu team achieved new positive momentum by forging a strategic alliance with Rize Robots, which developed Rize AI. Through their newly formed partnership, Floki Inu and Rize Robots aim to produce the Floki MiniBot M1 robotic system, which combines decentralized AI protocols with practical applications.
Conclusion
Floki Inu’s remarkable rally, coupled with strong on-chain metrics and strategic developments, is drawing increasing attention from investors. With bullish signals strengthening across technical and fundamental fronts, FLOKI could be positioned for a significant move higher in the coming weeks.
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