ANALYSTS BULLISH ON FLOKI, PRICE SOARS 9.8%, NEW ATH COMING SOON?

Floki Inu (FLOKI) has had an excellent month, with cryptocurrency analysts and traders predicting that the coin will be bullish. As the cryptocurrency market recovers from its slowdown, dog-themed tokens seem poised to take off, led by Bitcoin (BTC).

Two weeks ago, analysts saw FLOKI as a strong performer amid a slowdown in the cryptocurrency market. The coin has been on an upward trajectory since the end of February, when it was "doing well".

Although most markets have seen significant declines, FLOKI is one of the tokens that "consolidates before another expansion." Since March 1, the Viking dog-themed cryptocurrency has grown by 337% after hovering between $0.000028 and $0.000039 in the first two months of 2024. #山寨季开始#

Now that March is drawing to a close, FLOKI has grown a staggering 428.3% in the last 30 days. This performance has not gone unnoticed by cryptocurrency analysts, who predict that the coin will reach new heights.

MacroCRG, a cryptocurrency trader and market analyst, shares his thoughts on the token's price. The analyst believes that in addition to FLUKI's impressive performance throughout the month, it "shows the strength of LTF".

In the charting of the post, the trader highlighted the performance since Monday, noting that the token's support zone is above the $0.00022 price range. "As long as this recent low holds, it will soon be a new high," MacroCRG said. ”

Similar to MacroCRG, analyst Crypto Kaleo drew attention to LFT, a dog-themed token, claiming that it looks like it's "starting to send."

In his post, Kaleo advises his followers to "don't sleep on FLOKI here." The analyst said the coin won't be "behind ATH resistance for too long." He concludes that sooner or later, FLOKI will reach new heights "like a DOGE chart."

Finally, crypto analyst The CryptoBull shared his bullish prediction for the coin, suggesting that the coin is going through a "beautiful reaccumulation phase." In addition, the analyst said that he noticed a shift in interest in dog-themed meme coins, as "cryptocurrencies are very power-driven."

FLOKI surged 7.7% over the past hour, with the price briefly breaking above the $0.000260 mark before falling back to the $0.000255 level. Over the past 24 hours, the coin has risen by 9.8% and is trading at $0.0002554. Despite its long-term outperformance and recent spike, the coin still has a 10.6% correction from its performance on the bi-weekly timeframe.

Its market capitalization rose to $2.39 billion, up 8.4% over the past day. According to the data, FLOKI is the fifth-largest memecoin and the 56th-largest cryptocurrency by this standard.

In addition, the daily trading volume indicates that the coin has recently experienced a surge in market activity. This is an increase of 56.6% from the previous day, with a trading volume of $690.6 million.

(Source: Rubmar Garcia)