Floki Inu Holds Key Support as BinanceUS Relisting Fuels Recovery Hopes
- Floki Inu drops 35% in a month but secures a major exchange relisting
- BinanceUS reintroduces FLOKI/USD trading, boosting liquidity and adoption
- FLOKI holds key support, keeping its long-term bullish outlook intact
- Breakout potential remains as FLOKI eyes a move toward $0.00005
Floki Inu (FLOKI) has been caught in a wave of market turbulence, experiencing a significant 35% decline over the past 30 days. The meme coins price movement reflects broader market volatility, putting pressure on its long-term bullish outlook. However, amidst the downturn, FLOKI has secured a major milestone that could boost its adoption and liquidity.
At the time of writing, Floki Inu (FLOKI) is trading at $0.00008874, with a 24-hour trading volume of $111.03 million. Its market cap stands at $848.18 million. Over the last 24 hours, the token has dropped 5.69%, reflecting continued selling pressure in the meme coin sector.
Despite these setbacks, Floki Inu remains in the spotlight due to a significant exchange listing update that could influence its next major price move.
BinanceUS Relists FLOKI/USD Trading Pair
In a huge boost for Floki Inus adoption, BinanceUS has reintroduced direct USD trading for FLOKI. This listing places FLOKI among a select group of only 31 assets that have a USD trading pair on the exchange, joining the ranks of BNB, ADA, BONK, and DOGE.
This move enhances FLOKIs liquidity and accessibility, particularly for U.S. traders looking to invest in the meme coin without relying on stablecoin pairs. The relisting aligns with Flokis broader strategy to push for mainstream adoption and strengthen its presence in the global crypto market.
FLOKI Respects Trendline, Breakout to ATHs Possible
Despite its recent decline, technical indicators suggest FLOKI is still respecting its rising trendline. Holding the key support level is crucial for maintaining its long-term uptrend. If the price sustains above this level and gains momentum, a breakout to new all-time highs (ATHs) in 2025 could be in play.
Crypto market experts also highlight that FLOKI has broken out of a parallel channel, signaling a potential move toward $0.00005 in the near future. However, this scenario depends on broader market recovery and continued investor interest in meme coins.
Will FLOKI Recover or Face More Downside?
With FLOKI gaining renewed exchange support and maintaining critical technical levels, its next major price movement will depend on overall market sentiment. If Bitcoin and altcoins regain strength, FLOKI could capitalize on its BinanceUS listing and bullish setup to stage a strong comeback.
For now, traders and investors should closely watch key support and resistance levels, as well as broader market trends, to determine FLOKIs next major price move.
Related Reading | Nasdaq Files For SEC Approval to List Canary HBAR ETF
Read more: https://www.tronweekly.com/floki-inu-holds-key-support-as-binanceus-relisting-fuels-recovery-hopes/
Text source: TronWeekly
