{"id":415787,"date":"2024-08-19T13:30:26","date_gmt":"2024-08-19T08:00:26","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=415787"},"modified":"2024-08-19T11:30:48","modified_gmt":"2024-08-19T06:00:48","slug":"can-floki-mirror-bnbs-success-what-these-key-levels-suggest","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-floki-mirror-bnbs-success-what-these-key-levels-suggest\/","title":{"rendered":"Can FLOKI mirror BNB&#8217;s success? What these key levels suggest"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">FLOKI mirrored BNB&#8217;s structure and pierced through the 200MA, but the RSI is oversold.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">FLOKI takes sell-side liquidity on the 4-hour chart but trading volume stagnating.<\/span><\/i><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/floki-news\/\" target=\"_blank\" rel=\"noopener\">FLOKI<\/a>, one of the leading memecoins, has attracted significant attention from crypto investors due to its success on <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a> and <a href=\"https:\/\/ambcrypto.com\/category\/binance-news\/\" target=\"_blank\" rel=\"noopener\">Binance Coin [BNB]<\/a> chains.<br \/>\n<i><\/i><\/p>\n<p><span style=\"font-weight: 400;\">After substantial gains in its previous bull run, FLOKI formed a double top and entered a consolidation phase, the same way BNB did before surging.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, on the daily timeframe, FLOKI was displaying a similar structure to BNB, leading to high expectations that it could replicate BNB&#8217;s previous success.\u00a0<\/span><\/p>\n<figure id=\"attachment_415789\" aria-describedby=\"caption-attachment-415789\" style=\"width: 1838px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442.jpg\"><img decoding=\"async\" class=\"wp-image-415789 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442.jpg\" alt=\"\" width=\"1838\" height=\"864\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442.jpg 1838w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442-300x141.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442-1024x481.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442-768x361.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442-1536x722.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1325442-1200x564.jpg 1200w\" sizes=\"(max-width: 1838px) 100vw, 1838px\" \/><\/a><figcaption id=\"caption-attachment-415789\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Investors are closely watching for a potential upward move in FLOKI&#8217;s price action ahead of an anticipated bull run in Q4 of 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price action of FLOKI\/USDT also dipped below the 200-day exponential moving average, raising concerns of rebound.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the RSI is in the oversold region, affirming the potential for a rally. This situation presented a strong buying opportunity for investors before a possible price rally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The chart and market cap suggested a parabolic move, with analysts confident that FLOKI could soon reach a $10 billion market cap.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using a simple date and price range analysis, a new all-time high is anticipated by January 2025, with another peak expected by mid-2025.<\/span><\/p>\n<figure id=\"attachment_415790\" aria-describedby=\"caption-attachment-415790\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-scaled.jpg\"><img decoding=\"async\" class=\"wp-image-415790 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1459\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-scaled.jpg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-300x171.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-1024x584.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-768x438.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-1536x876.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-2048x1167.jpg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1329272-1200x684.jpg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-415790\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><b>Sell-side liquidity grab as volume stagnates<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On the 4-hour chart, FLOKI is following a descending trendline after tapping into sell-side liquidity from two consecutive equal lows.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The plan is for FLOKI to break above this trendline and then buy on the retest. This strategy aligns with earlier analyses, both suggesting that FLOKI is poised for an upward move soon.<\/span><\/p>\n<figure id=\"attachment_415792\" aria-describedby=\"caption-attachment-415792\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-scaled.jpg\"><img decoding=\"async\" class=\"wp-image-415792 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1426\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-scaled.jpg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-300x167.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-1024x570.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-768x428.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-1536x856.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-2048x1141.jpg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240818_1338012-1200x669.jpg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-415792\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">FLOKI&#8217;s trading volume has been steady at levels seen before its June surge to a new all-time high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This stagnation suggests a potential buying opportunity for investors, as the current volume could indicate a repeat of history, with FLOKI poised to reach new highs again.<\/span><\/p>\n<figure id=\"attachment_415794\" aria-describedby=\"caption-attachment-415794\" style=\"width: 903px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-370.png\"><img decoding=\"async\" class=\"wp-image-415794 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-370.png\" alt=\"\" width=\"903\" height=\"294\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-370.png 903w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-370-300x98.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-370-768x250.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/a><figcaption id=\"caption-attachment-415794\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">FLOKI\u2019s market cap in BTC\u2019s terms<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Finally, a combined analysis of social volume, holder count, active addresses, network growth, and the profit-to-loss ratio of daily on-chain transactions shows rising activity for FLOKI memecoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This upward trend in the combined metrics suggests increasing interest and engagement, indicating potential growth for FLOKI.<\/span><\/p>\n<figure id=\"attachment_415795\" aria-describedby=\"caption-attachment-415795\" style=\"width: 622px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-371.png\"><img decoding=\"async\" class=\"wp-image-415795 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-371.png\" alt=\"\" width=\"622\" height=\"173\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-371.png 622w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-371-300x83.png 300w\" sizes=\"(max-width: 622px) 100vw, 622px\" \/><\/a><figcaption id=\"caption-attachment-415795\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>FLOKI mirrors BNB&#8217;s structure, indicating an upward move after grabbing sell-side liquidity, but trading volume stagnates.<\/p>\n","protected":false},"author":98,"featured_media":415811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6378,6391,5824,66,3,4,20],"tags":[],"class_list":["post-415787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-binance-news","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>Can FLOKI mirror BNB&#039;s success? 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