FLOKI Price Surges 10%, But Investors Are Rushing To Buy This Dogecoin Derivative Before Time Runs Out

The Floki price surged 10% in the past 24 hours, trading at $0.00029 as of 05:01 a.m. EST. Trading volume also climbed 5%.

Floki Inu continues to bask in the approval of the Ethereum spot ETF (exchange-traded fund) on March 23, trending alongside Shiba Inu (SHIB) and Pepe (PEPE). According to the FLOKI ecosystem, the surge is attributed to the Floki Trading Bot beta launch and the start of trading on Coinbase futures on Thursday.

FLOKI Price Prediction
The Floki price is trading with a bullish bias, having broken above the ascending parallel channel. The odds favor the upside, with the RSI recording higher lows to show a growth in bullish sentiment.

The Moving Average Convergence Divergence (MACD) also maintains its position above the orange band of the signal line, indicating growing bullish sentiment and viable upside potential.

If bullish momentum gains strength to overcome resistance at $0.0003115, the FLOKI price could surge to $0.0003314. A break and close above this level would propel Floki Inu to a new all-time high.

It's worth noting that historically, the FLOKI price has closely followed Shiba Inu (SHIB) rallies, with more aggressiveness. Traders looking to take long positions on the FLOKI price should watch for a buy signal on the Shiba Inu price.

Additionally, markets anticipate the listing of Floki Inu for perpetuals trading on Coinbase on May 30, which could trigger a positive impact on its price.

Converse Case
If the RSI crosses below the 70 threshold, forming a dome shape, it could signal a sell-off. This could lead to a decline in the FLOKI price, potentially reaching $0.0002683 or even $0.0002204. A breakdown of this support level would increase bearish pressure, with a price below $0.0001756 invalidating the bullish thesis.

Alternative to FLOKI
Investors seeking diversification might consider DOGEVERSE, a presale offering a last chance to buy after raising over $15 million in one of the year's most successful ICOs.

Dogeverse stands out as the first meme coin to launch on six major blockchains (Bitcoin, Ethereum, BNB, Polygon, Solana, and Base). This unique approach offers users enhanced flexibility, allowing seamless token transfers across networks and minimizing transaction fees. Moreover, Dogeverse's multi-chain presence exposes it to diverse ecosystems, providing access to a broader user base and unlocking the unique functionalities of each blockchain.

Dogeverse's utility token, DOGEVERSE, is currently selling at $0.00031. Interested individuals should consider purchasing before the token's launch.