Floki Price Surges on Coinbase Listing

The Floki price witnessed a significant 17% increase in the last 24 hours, reaching $0.0002587 as of 07:14 p.m. EST, accompanied by a 40% surge in trading volume to $1.7 billion.

This rise follows FLOKI's listing on Coinbase, which propelled it to a five-month high of $0.00027.

Bullish Momentum for Floki

The Floki price has exhibited a sharp ascent recently, surpassing a consolidation phase and forming a bullish parabolic curve. Data from GeckoTerminal indicates that the $0.000150 support has facilitated a consistent bullish rally.

The current upward trend has the potential to continue, as Floki currently trades above both the 50-day and 200-day Simple Moving Averages (SMAs).

Moreover, the Relative Strength Index (RSI) (14) stands at 67.21, approaching the overbought zone (above 70). This suggests strong momentum, although the price may encounter a temporary pullback or consolidation as buyers cool off.

The Moving Average Convergence Divergence (MACD) line (blue) is positioned well above the signal line (orange), indicating strong bullish momentum. The histogram bars are positive and rising, highlighting the strength of the current uptrend. There is no immediate evidence of bearish divergence.

Floki Price Targets and Support

Floki's overall price analysis suggests the potential for further growth. The golden cross at around $0.000150 may act as a catalyst, potentially pushing the price to a new high of $0.00030.

However, if the price declines, the $0.0001874 level (50-day SMA) could serve as a potential support level.