Floki's price has shown significant growth in recent days, while investors are turning their attention to the new meme token The Meme Games, which has already raised a substantial amount in its presale stage.
Floki Price Surge
Floki's price rose by 14% over the past week, reaching $0.0001527. Trading volume decreased by 11% to $791 million. According to blockchain analytics from IntoTheBlock, the number of holders making money at the current price increased by 75%.
Floki Technical Analysis
Floki's price demonstrated significant growth, reaching $0.00012 but failing to breach the $0.000160 mark. An ascending triangle pattern has formed over the past seven days, and the token trades above both the 50-day and 200-day Simple Moving Averages (SMA), confirming the current bullish rally. The Relative Strength Index (RSI) is at equilibrium at 52 but shows signs of an uptrend. If bullish momentum continues, Floki could break above the triangle, targeting $0.000180. The 50-day SMA has now crossed the 200-day SMA, forming a golden cross at $0.0001389, further adding to the positive outlook. If a correction occurs, the price could return to $0.0001372 (200-day SMA).
The Meme Games ICO and Prospects
The Meme Games is an innovative meme token project that combines popular crypto meme characters. The project has already raised over $401K in the presale, offering unique bonuses and attracting investor interest. The participating meme tokens include Dogecoin ($DOGE), Pepe ($PEPE), DogWifHat ($WIF), Brett ($BRETT), and Turbo ($TURBO). Participants can earn passive income by staking $MGMES with a high yield (APY) of 479%.
Upcoming events may have a significant impact on the price of Floki and the new meme token The Meme Games. Investors should closely monitor developments, especially in the context of the upcoming Olympic and Paralympic Games.
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