CandleFocus Possible Floki price breakout on the horizon after Coinbase listing
2024-11-20
Author: Content Editor
Coinbase's announcement to list FLOKI, a dog-themed meme coin, on the Ethereum network has generated significant attention. FLOKI, the 6th largest meme coin with a market capitalization of $2.3 billion, has gained traction on major exchanges. Its listing on Coinbase is expected to boost liquidity and recognition for the token. Following the announcement, FLOKI's price initially increased by 14% but has since declined by over 5%. However, trading volume has surged by 17%, indicating increased market interest. Technical analysis suggests the possibility of a breakout, with experts predicting a potential 30% price surge if FLOKI breaks out of its current consolidation range. On-chain data also shows an increase in large transactions for meme coins, including FLOKI. FLOKI's future appears promising as its listing on Coinbase approaches, with the right technical momentum and market interest potentially leading to significant price action.
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