{"id":399724,"date":"2024-06-15T17:00:50","date_gmt":"2024-06-15T11:30:50","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=399724"},"modified":"2024-06-15T15:39:15","modified_gmt":"2024-06-15T10:09:15","slug":"can-floki-flip-the-chart-heres-whats-next-for-the-memecoin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-floki-flip-the-chart-heres-whats-next-for-the-memecoin\/","title":{"rendered":"Can FLOKI flip the chart? Here&#8217;s what&#8217;s next for the memecoin!"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">FLOKI\u2019s price dropped by more than 28% in the last 7 days<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Few of the indicators hinted at a trend reversal on the charts<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/floki-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI<\/span><\/a><span style=\"font-weight: 400;\"> bears have been dominating the market since last week as the memecoin shed a significant chunk of its market capitalization. In fact, the most recent price decline has pushed FLOKI down to a critical level. If the memecoin manages to test the support, then investors might witness a comeback on the charts.\u00a0<\/span><\/p>\n<h2><b>FLOKI bears are leading<\/b><\/h2>\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 bears pushed the memecoin\u2019s price down by a whopping 28% in the last seven days. In fact, in the last 24 hours alone, the memecoin\u2019s value declined by nearly 3%. At the time of writing, the memecoin was trading at $0.0002054 with a market capitalization of over $1.96 billion, making it the 50th largest crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The declining price action also had a negative impact on its social metrics. AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that FLOKI\u2019s weighted sentiment dropped sharply. This meant that bearish sentiment around the memecoin was dominant in the market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, after a spike on 12 June, FLOKI\u2019s social volume also dropped &#8211; A sign of its falling popularity.\u00a0<\/span><\/p>\n<figure id=\"attachment_399727\" aria-describedby=\"caption-attachment-399727\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-399727 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024.png\" alt=\"FLOKI's weighted sentiment dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Floki-on-Ethereum-FLOKI-13.02.53-15-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399727\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">That&#8217;s not all though. <\/span><span style=\"font-weight: 400;\">Chimp of the North, a popular crypto analyst, recently shared a <\/span><a href=\"https:\/\/x.com\/cryptochimpanz\/status\/1801575941346386294?t=wXHhJGBB5G2PPQBcRjvXKg&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting an interesting development. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, the latest price dip pushed the memecoin\u2019s price down to the critical support zone of $0.00020. This is a critical zone, and if bulls step up their game, then FLOKI might recover from its loss. A bull rally might as well allow the memecoin to reach $0.00035 in the coming days or weeks.<\/span><\/p>\n<h2><b>Will FLOKI make a comeback?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto then checked the memecoin\u2019s daily chart to see whether market indicators supported the possibility of a comeback. We found that the memecoin\u2019s price touched the lower limit of the Bollinger Bands. Whenever that happens, it indicates that the chances of a price uptick are high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the Money Flow Index (MFI) also registered an uptick and was heading towards the neutral mark, further hinting at a price hike. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the contrary, the MACD flashed a bearish upper hand in the market &#8211; A sign of trouble for the memecoin.\u00a0<\/span><\/p>\n<figure id=\"attachment_399728\" aria-describedby=\"caption-attachment-399728\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41.png\"><img decoding=\"async\" class=\"wp-image-399728 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41.png\" alt=\"\" width=\"2560\" height=\"1375\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/FLOKIUSDT_2024-06-15_13-23-41-1200x645.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399728\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">We then analyzed Hyblock Capital\u2019s data to look for possible targets for FLOKI if it manages to kickstart a bull rally. As per our analysis, if FLOKI gains bullish momentum, then the path towards $0.00025 would be clear. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At that point, the memecoin might record a slight correction as liquidations would rise sharply.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FLOKI\u2019s market cap in DOGE terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">However, if the memecoin fails to test its support at $0.00020, then it might drop to $0.00014. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here, it&#8217;s worth noting that FLOKI recently <\/span><a href=\"https:\/\/x.com\/RealFlokiInu\/status\/1801691702396141903?t=sjy203wCgeId1dZIh4yLaw&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that it is launching its official promotional campaign in Nigeria. This can boost adoption and help propel growth in the coming months.\u00a0<\/span><\/p>\n<figure id=\"attachment_399730\" aria-describedby=\"caption-attachment-399730\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-399730 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM.png\" alt=\"\" width=\"2560\" height=\"1339\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-300x157.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-1024x536.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-768x402.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-1536x803.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-2048x1071.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-1.27.55\u202fPM-1200x628.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399730\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The next few days and weeks might be interesting for those invested in FLOKI&#8217;s price action<\/p>\n","protected":false},"author":75,"featured_media":399733,"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":[6425],"class_list":["post-399724","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","tag-featured"],"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>Can FLOKI flip the chart? 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Here's what's next for the memecoin!"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/a3c1a47ad2d3e2a023516862993813cd","name":"Dipayan Mitra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","caption":"Dipayan Mitra"},"description":"Dipayan is a full-time journalist at AMBCrypto. 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