Shiba Inu ecosystem coin, FLOKI is on a positive surge today amidst the recent spike in the value of meme coins. With its recent price action and major upcoming developments, many are wondering if FLOKI is poised to follow the same chart pattern as the wildly successful frog meme coin, PEPE.
What you'll learn 👉
Pre-PEPE All-Time High Vibes
Analyst Bluntz has noted that FLOKI is giving off “pre $pepe all time high vibes,” with the chart looking promising. The analyst also points out that the “bonk guy,” Twitter user @theunipcs, has been discussing FLOKI for months, adding to the growing sentiment surrounding the token.
FLOKI has pumped 18% in the last 24 hours and is just 22% away from hitting its all time high of $0.0003437. Based on Bluntz’s chart, if FLOKI follows this pattern, $0.00045 is the neew price target
Trending on Binance and Coinbase Developments
FLOKI’s momentum has not gone unnoticed, as the token is currently trending on Binance as the hottest meme coin in the world. According to analyst Jelle, FLOKI is one of the biggest meme coins on the Ethereum blockchain and is easy to trade even with basic technical analysis.
Furthermore, Coinbase is set to list FLOKI perpetual contracts on May 30, with spot trading likely to follow soon after. This development has the potential to increase FLOKI’s exposure and liquidity, attracting even more investors to the token.
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Show more +Floki Price Action and Important Announcement
The official Floki Twitter account has teased an important announcement that is set to hit the presses later today, adding to the excitement surrounding the token. This announcement, coupled with the upcoming Coinbase listings, has positioned FLOKI for a potentially important week ahead.
Analyst CRG has pointed out that FLOKI’s recent support/resistance flip could have been “taken straight out of a TA textbook,” with the token not far away from its all-time high. The analyst suggests that FLOKI could be poised for a “full send” in the near future.
Taking Profits and Moon Bags
While some analysts, like Murfski, have taken profits on FLOKI as it approaches significant levels of resistance, others are holding onto “moon bags” in case the token blasts through these barriers. Murfski notes that FLOKI is looking like one of the stronger meme majors at the moment and expects this trend to continue into the future.
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