#altcoins $FLOKI
Technical View
- FLOKI's current price is $0.000288, with a market capitalization of approximately $2.75 billion.
- The recent 24-hour price change has been -8.06%, indicating a short-term bearish movement.
- The Relative Strength Index (RSI) stands at 76.60, suggesting that the cryptocurrency is currently overbought.
- The Moving Average Convergence Divergence (MACD) indicator shows a positive value above the signal line, indicating a potential bullish momentum.
- The Bollinger Bands indicate that the upper band is around $0.000273 and the lower band is around $0.000148, providing potential levels of resistance and support, respectively.
- FLOKI's short-term moving average (SMA20) is currently at $0.000210, while the long-term moving averages (SMA50 and SMA200) are at $0.000185 and $0.000107, respectively.
Support levels: $0.00018535615799999998, $0.00010658017200000002
Resistance levels: $0.0002106821699999999, $0.00027316448534420396

- FLOKI is categorized as a memecoin within the cryptocurrency market.
- It has gained significant popularity, particularly on platforms like Telegram with over 72,000 members.
- The token has shown positive performance in the year-to-date (YTD) period, with a growth rate of 128.74%.
- The token has relatively low volatility, with a daily Volatility Index (Volatility{"D"}) at 4.56.

Floki Inu works similarly to other cryptocurrencies by utilizing a decentralized network of computers to verify and record transactions. It uses smart contracts, which are self-executing agreements written in code, to enable various functionalities such as automated transactions and decentralized applications (dApps). Transactions made with FLOKI are recorded on the blockchain, ensuring transparency and immutability.

As a cryptocurrency, FLOKI can be bought, sold, and traded on various crypto exchanges. Its value fluctuates based on factors such as demand, market sentiment, and overall trading volume. Like other cryptocurrencies, FLOKI is also subject to market volatility and speculative trading.