{"id":394680,"date":"2024-05-25T18:00:48","date_gmt":"2024-05-25T12:30:48","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=394680"},"modified":"2024-05-25T13:10:56","modified_gmt":"2024-05-25T07:40:56","slug":"will-coinbase-effect-have-a-role-to-play-in-flokis-price-targets","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-coinbase-effect-have-a-role-to-play-in-flokis-price-targets\/","title":{"rendered":"Will &#8216;Coinbase effect&#8217; have a role to play in FLOKI&#8217;s price targets?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">FLOKI\u2019s price appreciated by over 3.5% in the last 24 hours\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Market indicators hinted at a sustained price hike on the charts\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"http:\/\/ambcrypto.com\/category\/floki-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI<\/span><\/a><span style=\"font-weight: 400;\"> bulls continue to dominate the market as the memecoin\u2019s weekly and daily price charts remained green, at press time. Things can get even better for the altcoin, however, especially since a major exchange has now announced FLOKI\u2019s listing &#8211; An update that can propel further growth in the coming days.\u00a0<\/span><\/p>\n<h4><b>Coinbase lists FLOKI<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">CoinMarketCap\u2019s <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/floki-inu\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that FLOKI has been enjoying a comfortable weekly rally as its value surged by more than 8.8% in the last 7 days. In fact, in the last 24 hours alone, the memecoin\u2019s price spiked by 3.5%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, the memecoin was trading at $0.0002264 with a market capitalization of over $2.16 billion. However, it was surprising to note that despite the bullish price action, FLOKI\u2019s weighted sentiment dropped. Simply put, bearish sentiment retained its dominance in the altcoin&#8217;s market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, its social volume declined over the last few days as well.\u00a0<\/span><\/p>\n<figure id=\"attachment_394681\" aria-describedby=\"caption-attachment-394681\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024.png\"><img decoding=\"async\" class=\"wp-image-394681 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024.png\" alt=\"FLOKI's weighted sentiment dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.00.25-25-May-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-394681\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, this might change after Coinbase announced that it has listed FLOKI perpetual futures. The memecoin\u2019s official X handle mentioned in a <\/span><a href=\"https:\/\/x.com\/RealFlokiInu\/status\/1793681003011084308\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> that its fresh Coinbase listing will significantly enhance FLOKI&#8217;s market liquidity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Coinbase listings often have a bullish impact on the listed token\u2019s price, which is commonly referred to as the \u201cCoinbase effect.&#8221; If such an episode happens on this occasion, then FLOKI\u2019s bull rally might get a further push and help spur the memecoin\u2019s fainting momentum.\u00a0<\/span><\/p>\n<h4><b>FLOKI bulls to dominate more?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">AMBCrypto then analyzed Santiment\u2019s data to find out whether metrics supported the possibility of further growth. We found that FLOKI\u2019s MVRV ratio remained relatively high, which can be inferred as a bullish signal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the memecoin\u2019s trading volume dropped last week after spiking on 22 May. On top of that, the crypto&#8217;s network growth also declined, meaning that fewer new addresses were created to transfer the token.\u00a0<\/span><\/p>\n<figure id=\"attachment_394682\" aria-describedby=\"caption-attachment-394682\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024.png\"><img decoding=\"async\" class=\"wp-image-394682 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024.png\" alt=\"FLOKI's trading volume declined\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Floki-on-Ethereum-FLOKI-12.08.59-25-May-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-394682\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Nonetheless, market indicators continued to remain bullish. For example, the Chaikin Money Flow (CMF) registered an uptick. The Relative Strength Index (RSI) also went north, indicating that the chances of FLOKI continuing its rally were high.<\/span><\/p>\n<figure id=\"attachment_394684\" aria-describedby=\"caption-attachment-394684\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04.png\"><img decoding=\"async\" class=\"wp-image-394684 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04.png\" alt=\"\" width=\"2560\" height=\"1375\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/FLOKIUSDT_2024-05-25_12-11-04-1200x645.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-394684\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">If the bull rally continues, then the first target for FLOKI would be $0.00024 as liquidation would rise, which can result in a short-term price correction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A successful breakout above this level would allow the memecoin to hit $0.00026\u2013$0.00027. However, if the trend changes and the memecoin goes down, then FLOKI might drop to its support level near $0.000226.<\/span><\/p>\n<figure id=\"attachment_394686\" aria-describedby=\"caption-attachment-394686\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-394686 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM.png\" alt=\"\" width=\"2560\" height=\"1236\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-768x371.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-1536x741.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-2048x988.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-25-at-12.15.05\u202fPM-1200x579.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-394686\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase&#8217;s listing of FLOKI Perpetual Futures could be a good thing or&#8230;<\/p>\n","protected":false},"author":75,"featured_media":394689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6391,5824,66,3,4,20],"tags":[],"class_list":["post-394680","post","type-post","status-publish","format-standard","has-post-thumbnail","category-floki-news","category-memecoins","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>Will &#039;Coinbase effect&#039; have a role to play in FLOKI&#039;s price targets? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"FLOKI bulls continue to dominate the market as the memecoin\u2019s weekly and daily price charts remained green, at press time. 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