FLOKI (FLOKI) Price Prediction 2023 – Will FLOKI Hit $0.0002 Soon?
- Bullish FLOKI price prediction for 2023 is $0.000057008 to $0.000115646.
- FLOKI (FLOKI) price might reach $0.0002 soon.
- Bearish FLOKI price prediction for 2023 is $0.000014815.
In FLOKI (FLOKI) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about FLOKI to analyze the future movement of the cryptocurrency.
FLOKI (FLOKI) Current Market Status
| Current Price | $0.00004345 |
| 24 – Hour Trading Volume | $437,024,039 |
| 24 – Hour Price Change | 35.00% Up |
| Circulating Supply | 9,711,321,342,316 |
| All – Time High | $0.0003437 (On November 04, 2021) |
What is FLOKI (FLOKI)?
FLOKI is the people’s cryptocurrency and the utility token of the Floki Ecosystem. A mysterious group of developers who were ardent supporters and Shiba Inu community members built the memecoin. FLOKI was created on June 25, 2021, when Elon Musk announced that he will be adopting a Shiba Inu puppy named Floki. FLOKI is hosted on both Ethereum and Binance Smart Chain, giving it access to the Ethereum and Binance Smart Chain communities.
FLOKI (FLOKI) Price Prediction 2023
FLOKI (FLOKI) ranks 91st on CoinMarketCap in terms of its market capitalization. The overview of the FLOKI price prediction for 2023 is explained below with a daily time frame.
FLOKI /USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, FLOKI (FLOKI) laid out a horizontal channel pattern, horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of FLOKI (FLOKI) was recorded at $0.00004345 If the pattern trend continues, then the price of FLOKI might reach the resistance levels of $0.000036535, $0.000049481 and $0.000093319. If the trend reverses, then the price of FLOKI may fall to the support of $0.000026705.
FLOKI (FLOKI) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of FLOKI (FLOKI) in 2023.
FLOKI /USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of FLOKI (FLOKI) for 2023.
| Resistance Level 1 | $0.000057008 |
| Resistance Level 2 | $0.000115646 |
| Support Level 1 | $0.000027335 |
| Support Level 2 | $0.000014815 |
As per the above analysis, if FLOKI’s (FLOKI ) bulls take the lead, then it might hit and break through its resistance level of $0.0000115646.
Conversely, if FLOKI’s (FLOKI ) bears dominate the trend, the price of FLOKI might plunge to $0.000014815.
FLOKI (FLOKI) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of FLOKI (FLOKI) are shown in the chart below.
FLOKI /USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of FLOKI (FLOKI) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the FLOKI price lies above 50 MA (short-term), indicating its uptrend. Hence, FLOKI is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of FLOKI is at 59.36. Therefore, this indicates FLOKI is a nearly overbought state. Also, this confirms that FLOKI sends out a sell signal
FLOKI (FLOKI) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of FLOKI (FLOKI) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
FLOKI /USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of FLOKI lies in the range of 35.996935414 pointing out a strong trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of FLOKI lies below 50, indicating low volatility.
Comparison of FLOKI with BTC, ETH
Let us now compare the price movements of FLOKI (FLOKI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FLOKI Price Comparison (Source: TradingView)
From the above chart, we can interpret that in the past seven days, the price actions of FLOKI turned into a dissimilar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of FLOKI decreases. And when the price of BTC and ETH decreases, the price of FLOKI increases.
FLOKI (FLOKI) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of FLOKI (FLOKI) between 2024 and 2030.
FLOKI (FLOKI) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then FLOKI (FLOKI) might successfully test and surpass its resistance levels to hit $0.0005 by 2024.
FLOKI (FLOKI) Price Prediction 2025
The significant upgrades in the FLOKI ecosystem might persuade the entry of an increased number of investors. This may eventually boost the FLOKI (FLOKI) price to reach $0.001 by 2025.
FLOKI (FLOKI) Price Prediction 2026
If FLOKI (FLOKI) successfully tests its major resistance levels and continues to move FLOKI upside, then it would rally to hit $0.003.
FLOKI (FLOKI) Price Prediction 2027
If FLOKI (FLOKI) sustains major resistance levels and stands as a better investment option in the market, then FLOKI would rally to hit $0.005.
FLOKI (FLOKI) Price Prediction 2028
If FLOKI (FLOKI) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then FLOKI would hit $0.007 by 2028.
FLOKI (FLOKI) Price Prediction 2029
If investors flock in and continue to place their bets on FLOKI (FLOKI), then the crypto would witness major spikes. Hence, FLOKI might hit $0.009 by 2029.
FLOKI (FLOKI) Price Prediction 2030
By 2030, the FLOKI price might rally to $0.01 if the trend momentum aligns in favor of FLOKI. Furthermore, FLOKI would hold a positive market sentiment and be labeled as a long-term investment with a highly profitable ROI.
Conclusion
If FLOKI (FLOKI) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish FLOKI (FLOKI) price prediction for 2023 is $0.000115646. Comparatively, the bearish FLOKI (FLOKI) price prediction for 2023 is $0.000014815.
If there is a positive elevation in the market momentum and investors’ sentiment, then FLOKI (FLOKI) might hit $0.0002. Furthermore, with future upgrades and advancements in the FLOKI ecosystem, FLOKI might surpass its current all-time high (ATH) of $0.0003437 and mark its new ATH.
FAQ
1. What is FLOKI (FLOKI)?
FLOKI is the people’s cryptocurrency and the utility token of the Floki Ecosystem. FLOKI is hosted on both Ethereum and Binance Smart Chain, giving it access to the Ethereum and Binance Smart Chain communities.
2. Where can you buy FLOKI (FLOKI)?
Traders can trade FLOKI (FLOKI) on the following cryptocurrency exchanges such as KuCoin, Bitget, Bybit, Gate.io, and OKX.
3. Will FLOKI (FLOKI) record a new ATH soon?
With the ongoing developments and upgrades within the FLOKI platform, FLOKI (FLOKI) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of FLOKI (FLOKI)?
FLOKI (FLOKI) hit its current all-time high (ATH) of $0.0003437 on November 04, 2021.
5. What is the lowest price of FLOKI (FLOKI)?
According to CoinMarketCap, FLOKI hit its all-time low (ATL) of $0.00000002 on August 09, 2021
6. Will FLOKI (FLOKI) hit $0.0002?
If FLOKI (FLOKI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0002 soon.
7. What will be the FLOKI (FLOKI) price by 2024?
FLOKI (FLOKI) price might reach $0.0005 by 2024.
8. What will be the FLOKI (FLOKI) price by 2025?
FLOKI (FLOKI) price might reach $0.001 by 2025.
9. What will be the FLOKI (FLOKI) price by 2026?
FLOKI (FLOKI) price might reach $0.003 by 2026.
10. What will be the FLOKI (FLOKI) price by 2027?
FLOKI (FLOKI) price might reach $0.005 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/floki-floki-price-prediction/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
