Why Is FLOKI’s Price Pumping? Major Exchange Listing Today Hints at All-Time High

The price of FLOKI has continued to break resistances, reaching new highs for the last two weeks. The price broke out of a descending trendline (the first orange circle) a few days ago.

FLOKI’s price has been on a roll lately, notching new highs for the past two weeks. The token broke out of a descending trendline (first orange circle) a few days ago.

Afterward, it rallied sharply and breached another resistance level (second orange circle), which later served as support. This propelled the token to another higher resistance (third orange circle).

Now, this level is also being tested as support, with FLOKI showing a spike from this level.

FLOKI’s price encountered some hurdles today, but it’s now retracing and attempting to test the established support. If this support holds, the token’s rally is likely to continue.

Coinbase to List FLOKI Today: Anticipate a Spike to All-Time High

Adding to the excitement, Coinbase announced that it will begin supporting FLOKI on the Ethereum network, specifically as an ERC-20 token.

Users are cautioned against sending FLOKI over any other networks to prevent potential loss of funds. Trading is scheduled to commence on or after 9 AM PT on November 21, 2024, subject to meeting the necessary liquidity conditions.

As the token gains sufficient trading supply, trading on the FLOKI-USD pair will roll out in phases, although its availability may vary depending on the user's jurisdiction.

Coinbase will be listing FLOKI (FLOKI) on the Ethereum network (ERC-20 token). Please do not send this asset over any other networks or your funds may be lost. Transfers for this asset are enabled on @Coinbase & @CoinbaseExch in the regions where trading is supported.

The listing on Coinbase is expected to have a significant impact on FLOKI’s price, potentially driving it to reach its all-time high. Tier 1 exchange listings usually amplify a token’s visibility and accessibility, which can attract both retail and institutional investors.

As FLOKI approaches its all-time high, the trust generated by the Coinbase listing could propel the token to a substantial price spike in the coming days.

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