Floki Inu’s Wedge Breakout Signals Massive Bull Run—Target Set at $0.000546

Floki Inu Surges with Coinbase Listing and Institutional Interest

December 2, 2024 at 08:40 AM GST

Updated: December 1, 2024 at 09:14 PM

2 mins read

News

Floki Inu (FLOKI) has broken out of a wedge pattern, indicating a potential for a 120% rise to $0.000546, according to analyst Javon Marks.

Coinbase Listing Fuels Price Spike

Floki's price witnessed a significant surge following Coinbase's announcement of a token listing. The listing has boosted Floki's visibility and trading volume, resulting in a 15% price increase within 24 hours.

Meme Coin Market Growth

The meme coin market is gaining traction, with Floki and other coins attracting increased institutional interest. The launch of a $20 million fund dedicated to backing meme coins with large followings has further solidified this trend.

Floki's association with Elon Musk's pet, a Shiba Inu, has also contributed to its popularity within the cryptocurrency community. This high-risk, high-reward trading group has played a role in driving Floki's recent surge.

Outlook

The breakout in combination with the Coinbase listing and strong community support bodes well for Floki Inu. As Floki targets $0.000546, traders should continue to monitor its performance attentively.

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