Over the past week, FLOKI [FLOKI] has risen by 28.64%, and its monthly performance has reached as high as 61.78%. However, the upward trend has paused in the past 24 hours, with the token falling by 4.27%.
Despite a slight pullback, FLOKI remains in a favorable position to continue its ascent, supported by strong market interest and increasing participation.
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FLOKI May Surge 105.94%
The weekly chart of FLOKI shows that the token has entered a consolidation phase, and its price may exhibit an upward trend, but it will fluctuate within a specified range for a relatively long period before continuing the upward trend.
If FLOKI breaks through this stage, a rebound similar to the initial upward trend may occur, potentially rising by 105.94% and reaching $0.00058053.
Nevertheless, the breakout may not occur immediately. FLOKI may first test the support level of $0.00020546 before setting a new all-time high.
FLOKI: Holders' Profits Reach 88%
The adoption rate of FLOKI has surged, with the total number of holders reaching an all-time high.
As of November 18, approximately 80,200 addresses held the asset, indicating growing interest from people.
Furthermore, as of the time of writing, 88% of these holders are "in-the-money," while only 3% are "out-of-the-money," and 9% are "at-the-money" (break-even). These figures highlight the overall bullish sentiment surrounding FLOKI.
Although the number of daily profitable addresses has recently declined, the high proportion of profitable addresses reflects a robust market sentiment and suggests that the token may soon resume its upward trend.
Development Activity Reaches New Highs
According to Santiment data, FLOKI's development activity has soared to higher levels after bottoming out in September. This surge coincided with the launch of its Play-to-Earn MMORPG game, Valhalla, in India.
Increased development activity often precedes significant price movements.
If this trend continues, FLOKI may be on the verge of breaking out of its consolidation phase and setting new all-time highs, further solidifying its bullish outlook.
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