Floki (FLOKI/USD) Extends Explosive Momentum, Gaining 78% Over the Past Month

Floki (FLOKI/USD) is continuing its explosive momentum, gaining 78% over the past month, which outpaces Dogecoin's 40% and Shiba Inu's 18% gains

Floki FLOKI/USD has been continuing its explosive momentum, gaining 78% over the past month, which outpaces Dogecoin's 40% and Shiba Inu's 18% gains in the same timeframe.

Floki ETP Launch In Sight As Institutional Attention Is Drawn

Trader Unipcs remains firmly bullish, calling Floki "one of the best risk/reward setups right now." He highlighted that Floki is a last-cycle survivor that has already notched a new all-time high this cycle, something DOGE and SHIB have yet to do.

"We are also getting an ETP launch from CCCoin soon, which will bring even more institutional attention to the token."

Coupled with major exchange listings, strong brand awareness, and an active community, it has the potential for a “hated rally” that surprises even bulls.

Crypto trader Jelle highlighted that Floki has broken and successfully retested a key resistance zone, calling for another 35% leg higher from current levels.

"The grey zone has been claimed and momentum is building again," he posted on X.

Grey zone broken, retested successfully, and $FLOKI is once again pushing higher.Next target is another 35% higher from here.Bring it on. https://t.co/Z65NPaXsjw

— Jelle (@jellecm) August 17, 2023Honey, another popular trader, pointed to FLOKI's interaction with the 1-day EMA200.

She expects a "violent move up" if it flips the level with conviction.

If FLOKI flips the 200-day MA with candle close and volume, we might see a violent move up. But if it fails to hold it after the flip, we'll likely continue sideways for a while. It depends on which scenario plays out. We'll see which way it goes.

— Honey (CRYPTO:BTC) (@__0x__/

Statistics: According to IntoTheBlock, Floki's large transaction volume and daily active addresses went up by 27.7% and 20.2% in a single day. With significant gains in the recent weeks, 55% of Floki's holders are in profit.