{"id":353624,"date":"2023-10-26T05:00:24","date_gmt":"2023-10-25T23:30:24","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=353624"},"modified":"2023-10-25T17:56:57","modified_gmt":"2023-10-25T12:26:57","slug":"why-flokis-rally-might-end-soon-despite-some-good-news","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-flokis-rally-might-end-soon-despite-some-good-news\/","title":{"rendered":"Why Floki&#8217;s rally might end soon despite some good news"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Floki announced that its partnership with the World Table Tennis Championship went live.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">FLOKI was down by over 6% in the last 24 hours at press time.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Floki Inu [FLOKI]<\/span><span style=\"font-weight: 400;\"> recently dominated the BNB Chain [BNB]\u00a0proving its worth as a project. In fact, despite being a memecoin, the token managed to also capitalize on the latest bull rally as its price rallied by double digits. However, the memecoin\u2019s bull rally came to an end as its price dropped.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI market cap in BTC<\/span><\/a><span style=\"font-weight: 400;\">&#8216;s terms<\/span><\/p>\n<hr \/>\n<h4><b>FLOKI is surpassing the rest<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Floki recently posted a tweet highlighting the meme coin\u2019s latest achievement. As per the tweet, the meme coin dominated the rest of the gaming projects on BNB Chain. In fact, Floki\u2019s volume was four times that of SAND, MANA, and AXS.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Floki?src=hash&amp;ref_src=twsrc%5Etfw\">#Floki<\/a> is dominating the <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> gaming section! \ud83d\udd25<\/p>\n<p>In the last 24 hours, <a href=\"https:\/\/twitter.com\/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FLOKI<\/a> had a trading volume 4 times that of <a href=\"https:\/\/twitter.com\/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SAND<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AXS<\/a>, and <a href=\"https:\/\/twitter.com\/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MANA<\/a>!<\/p>\n<p>Momentum keeps building, as Floki consolidates its position in both <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> gaming and the <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFi<\/a> sector! <a href=\"https:\/\/t.co\/NTyVjVQOku\">pic.twitter.com\/NTyVjVQOku<\/a><\/p>\n<p>&mdash; FLOKI (@FLOKI) <a href=\"https:\/\/twitter.com\/FLOKI\/status\/1716727078010159257?ref_src=twsrc%5Etfw\">October 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Apart from that, Floki also<\/span> <a href=\"https:\/\/twitter.com\/RealFlokiInu\/status\/1716913690308718774?t=cWHdi4rTrwQs8SJAiBG2oA&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that its partnership with the World Table Tennis Championship went live. The event happened in Frankfurt. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from these developments,<\/span> <a href=\"http:\/\/ambcrypto.com\/floki-faces-key-hurdle-whats-next\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI<\/span><\/a><span style=\"font-weight: 400;\"> also managed to lift its price substantially during the bull rally. In fact, its price rallied by more than 40% last week, which looked optimistic. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, as per<\/span> <a href=\"https:\/\/lunarcrush.com\/search\/floki-floki\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">LunarCrush<\/span><\/a><span style=\"font-weight: 400;\">, despite the hike in its price, bearish sentiment around the memecoin surged by 141% last week. The hike in bearish sentiment finally started to show its effect on reality, as its daily chart was painted red. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/floki-inu\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, FLOKI was down by more than 5% over the last 24 hours. At the time of writing, it was trading at $0.00002499 with a market capitalization of over $237 million.<\/span><\/p>\n<h4><b>What to expect from Floki\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A look at<\/span> <a href=\"http:\/\/ambcrypto.com\/flokis-40-surge-and-energetic-bulls-can-leave-investors-wanting-for-more\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI<\/span><\/a><span style=\"font-weight: 400;\">\u2019s metrics revealed what went wrong in the last 24 hours. Its MVRV ratio dropped steeply over the past few hours. Its 1-day Price Volatility also fell at the same time. Its Daily Active Addresses dropped slightly, meaning fewer addresses were active. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, a positive metric was its Development Activity, which remained relatively high. A high Development Activity reflects increased efforts from the developers in improving the network.<\/span><\/p>\n<figure id=\"attachment_353625\" aria-describedby=\"caption-attachment-353625\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023.png\"><img decoding=\"async\" class=\"wp-image-353625 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Floki-on-Ethereum-FLOKI-16.03.21-25-Oct-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-353625\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 FLOKIs worth today<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The chances of the memecoin\u2019s price plummeting further were high. Its price touched the Bollinger Band upper limit. Its Relative Strength Index (RSI) registered a decline from the overbought zone, which can further drop its price. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, the Chaikin Money Flow (CMF) registered an uptick, which was optimistic.<\/span><\/p>\n<figure id=\"attachment_353627\" aria-describedby=\"caption-attachment-353627\" style=\"width: 1815px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45.png\"><img decoding=\"async\" class=\"wp-image-353627 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45.png\" alt=\"\" width=\"1815\" height=\"807\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45.png 1815w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45-300x133.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45-1024x455.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45-768x341.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/FLOKIUSDT_2023-10-25_16-05-45-1536x683.png 1536w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/a><figcaption id=\"caption-attachment-353627\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Floki was the best-performing gaming project on BNB Chain over the last 24 hours. However, its price registered a drop in recent hours.<\/p>\n","protected":false},"author":75,"featured_media":353658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-353624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Floki&#039;s rally might end soon despite some good news - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Floki Inu [FLOKI] recently dominated the rest of all in BNB Chain [BNB], proving its worth as a project along with a price rise\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/why-flokis-rally-might-end-soon-despite-some-good-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Floki&#039;s rally might end soon despite some good news - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Floki was the best-performing gaming project on BNB Chain over the last 24 hours. 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