FLOKI Outshines Meme Coin Rivals, Eyes Major Exchange Listing; BONK Faces Key Support, Shows Bullish Potential

The meme coin market has witnessed bullish movements in FLOKI and BONK. FLOKI has shown strength, outperforming major meme coins like PEPE, WIF, and BONK as well. Meanwhile, BONK remains a key player in the Solana ecosystem, drawing attention for its historical significance and current trade setup.

Floki Inu (FLOKI) Price Analysis and Developments

FLOKI, added to Kraken’s Exchange Listing Roadmap marks a key step for the Floki ecosystem. Kraken, a reputable US-based crypto exchange, serves over 10 million users across 190+ countries. 

This addition is a testament to Floki’s growing recognition and credibility. As highlighted by Floki Inu official X account, this move brings FLOKI closer to being listed on one of the most trusted exchanges.

Moreover, according to altFINs’ analysis, FLOKI’s price remains above the 200-day moving average, keeping the long-term uptrend intact. Despite mixed trends, a pullback near the $125-$130 support zone could be an attractive swing trade entry in the uptrend, with a potential 20% upside to $160. 

The nearest support zone is at $125, while resistance lies at $200. Momentum indicators suggest a bearish trend, but the price is neither overbought nor oversold.

Elon Musk (Parody), a figure in crypto, tweeted, “$FLOKI is showing significant strength today, outperforming major #memecoins.” 

Moreover, he noted the upcoming release of the Floki Trading Bot Public Mainnet beta. This launch aims to solidify FLOKI’s position as a leading meme coin in this bull run, akin to DOGE and SHIB in previous cycles.

BONK Price Analysis and Market Performance

BONK has played a crucial role in Solana’s growth. As noted by crypto enthusiast SolJakey, “$BONK played a key role in why SOLANA is where it is today.” The BONK airdrop impacted users’ portfolios during Solana’s challenging periods, earning respect for the BONK team.

AltFINs’ analysis shows BONK’s long-term uptrend remains strong despite short and medium-term downtrends. A pullback near the $0.000020 support, aligned with the 200-day moving average, presents an attractive swing trade entry. 

Source: altFINS – Start using it today

The potential upside is 50% to $0.000030, with a stop loss at $0.0000177. Momentum indicators suggest a bearish trend, but rising MACD Histogram bars indicate a potential momentum upswing.

Analyst NekozTek highlighted, “$BONK – Daily I don’t make the rules, but ima keep drawing trendlines to highlight my bias. Still one of the best memes out there.” This sentiment underscores the community’s continued faith in BONK’s potential despite market shifts.

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Read also: These Two Major Changes To Kaspa ‘Will Send KAS to $5’

Conclusion

FLOKI and BONK are demonstrating potential in the meme coin market. FLOKI’s addition to Kraken’s roadmap and its upcoming trading bot release bolster its credibility. BONK’s historical significance and current trade setup indicate strong potential for future gains.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

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