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Cryptocurrency News Articles
FLOKI Breaks Out With Strong Momentum, Leaving DOGE, SHIB, and PEPE Behind
Feb 01, 2025 at 07:01 pm
FLOKI, the meme coin inspired by Dogecoin, posted a 13% price jump in the past 24 hours, making it the top performer among major meme coins.
Meme coin FLOKI (CRYPTO:FLOKI) outperformed major meme coins like Dogecoin (CRYPTO:DOGE), Shiba Inu (CRYPTO:SHIB), and Pepe (CRYPTO:PEPE) with a 13% price surge in the past 24 hours.
FLOKI Surges 13%
Market data showed FLOKI’s price rose from $0.0001266 to reach a high of $0.000145 before settling around $0.0001326, indicating a breakout from a prolonged downtrend.
The surge was accompanied by a higher trading volume, indicating strong bullish interest in the meme coin.
FLOKI’s latest rally can be attributed to factors like whale accumulation, new exchange listings, and strategic partnerships in blockchain gaming and sports sponsorships. These developments have helped strengthen FLOKI's position in the meme coin market.
DOGE, SHIB, PEPE Falter
Despite FLOKI’s rally, other meme coins failed to keep pace with its momentum.
DOGE Price Action: Dogecoin (CRYPTO:DOGE) price dropped 0.26% in the past 24 hours to reach $0.09003. The apex meme coin encountered resistance at $0.09168, a price level it last crossed on March 13.
DOGE’s technical indicators suggested a neutral bias with the flattening Bollinger Bands, the MACD in a neutral zone, and the RSI at 48.98.
SHIB Price Action: Shiba Inu (CRYPTO:SHIB) price also decreased 0.76% to trade at $0.00003633. SHIB’s price faced resistance at $0.00003788, a price level it last crossed on March 16.
SHIB’s technical indicators showed a sell signal with the Bollinger Bands contracting, the MACD in a negative zone, and the RSI at 45.18.
PEPE Price Action: Pepe (CRYPTO:PEPE) price dropped 6.25% in the past 24 hours to reach $0.0008883. PEPE’s price encountered resistance at $0.001006, a price level it last crossed on March 17.
PEPE’s technical indicators showed a sell signal with the Bollinger Bands contracting, the MACD in a negative zone, and the RSI at 38.88.
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