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- Floki Inu’s recent bullish pattern hints at a 93% potential gain.
- FLOKI’s performance is boosted by declining Bitcoin dominance, sparking memecoin interest.
Floki Inu (FLOKI) is fast getting attention as it exhibits outstanding strength, pointing to a probable new peak in its current bullish cycle.
Following a strong breakout, FLOKI’s price movement has been under focus in recent analysis published by prominent crypto analyst Javon Marks, maybe starting the next wave in an already outstanding bull run. Marks pointed out the possibility for an over 47% increase, bringing the token beyond $0.00027614, a level that, should it be crossed, might open the path for more gains up to 93%.
$FLOKI (Floki Inu) now showcasing major strength after a bullish pattern and a smaller breakout which may have sparked another wave of an already monumental bull run!
We could see an over 47% return back above $0.0002761498 and that break above can open up room for another +93%. https://t.co/7JpGH6fTmv pic.twitter.com/UaLCPDtXSd
— JAVON⚡️MARKS (@JavonTM1) November 10, 2024
Floki Inu: Rising Market Cap and Volume Highlight Explosive Growth Momentum
Meanwhile, FLOKI is swapped hand at about $0.0001934 at the time of writing; over the last 24 hours, it shows an 8.59% growth; over the 7 week, it shows an amazing 57% increase.
With this performance, FLOKI’s market value has increased above $1.8 billion, therefore securing its ranking among the top 15 gainers in the top 100 cryptocurrencies. A new all-time high is within sight, driven in both memecoin and altcoin rallies by the declining dominance of Bitcoin as a vital component.
Beside that, recent CoinGlass data emphasizes even more FLOKI’s explosive pace. While open interest grew by 5.61% to $29.47 million, trading volume has climbed by 20.73% to $330.62 million. For FLOKI, OKX, Binance, and CoinEx have witnessed the greatest trading volumes—$208.17 million, $41.86 million, and $40.56 million, respectively.
Around mid-October, Floki Inu’s outstanding performance started to gather momentum when, according to a CNF report, both Dogecoin and Floki Inu ranked as two of the top five daily gainers in the major crypto market.
