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Memecoins are unstoppable: Floki (FLOKI) broke a record!
Price movements of Floki (FLOKI) continue to attract attention in the memecoin craze that has been sweeping the recent times.
Memecoins, which have been exploiting the cryptocurrency market for a while, have attracted attention with the increase of various projects and the emergence of new categories. Currently, FLOKI's latest move stands out in memecoins, which are by far the best trend. The popular memecoin, refreshing its all-time high, has brought smiles to the faces of investors. In addition, FLOKI also managed to be the highest rising altcoin in the last 24 hours with a 25.71% increase.
Floki (FLOKI) sets its sights on new peaks
FLOKI, which has been in the background compared to other memecoins for a while, has finally made the expected breakthrough. With its solid technical structure, the memecoin gained momentum after the breakout. The memecoin, which received a reaction just below the descending wedge structure, demonstrated a performance of 47% in the last three days. With the tailwind of the memecoin trend, the altcoin reached its all-time high (ATH) and continues to maintain a positive outlook. However, considering the volatility in memecoins, it is important to be cautious.
As of the time of writing, the popular coin trading at 0.000335 dollars will receive more attention if it settles above 0.000349 dollars. The decline of the memecoin frenzy, BTC's failure to break 71,000 dollars, or any negative news about the sector will naturally shake FLOKI. In such a scenario, it may experience a pullback towards 0.000315 - 0.000289 - 0.000269 - 0.000219 - 0.000202 - 0.000185 - 0.000149 and 0.000109 dollars in sequence.
In addition, it may be important to consider the news from the FLOKI ecosystem. A critical news from the ecosystem can influence the price movements of the pair.