FLOKI Breaks ATH, But Here’s One Meme Coin to Buy Instead
FLOKI price hit new all-time high above $0.00034 before consolidating around $0.00032.
This pump fueled by news of $12 million investment from DWL Labs.
Galaxy Fox (GFOX) emerging as potential low-cap meme coin alternative.
The FLOKI price skyrocketed to a new all-time high today, surpassing $0.00034 before consolidating to the current levels slightly below that. The coin pumped over 30% during this period. This pump was fueled by an announcement from the FLOKI team that DWL Labs will invest $12 million into the project.
This substantial investment underscores their interest in this hot meme coin. Let’s dig into details.
According to altFINS , the FLOKI price is in a strong uptrend. Following a bullish breakout from a descending channel, the price surged above the $0.000316 resistance level, which was its previous all-time high.
It broke through the $0.00031 resistance and continued its ascent, suggesting that buyers have absorbed all the supply from sellers at this level, and the price could resume its advance.
The next potential resistance levels based on Fibonacci extension levels are $0.00034 (50%), $0.00036 (61.80%), $0.00039 (78.60%), $0.00044 (100%), and $0.00056 (161.80%). Traders should set price alerts at these crucial levels to monitor potential resistance zones.
The pattern observed is a resistance breakout, which is a bullish signal. Once a price breaks above a resistance zone, it indicates that buyers have absorbed all the supply from sellers at that level, allowing the price to resume its upward trajectory.
The tweet from Overdose, a popular crypto trader with over 100k followers on X (formerly Twitter), expresses his excitement and vindication over FLOKI’s recent price surge to a new all-time
Read more on cryptonews.com
