FLOKI surged 18%, reaching a two-month high and entering the top 50.
Strategic investments in memecoins FLOKI and MAGA have yielded substantial profits.
In what seemed like an uncertain month for memecoins, two standout coins swiftly rose:
PEPE and FLOKI. While PepeCoin continuously hit new all-time highs, FLOKI surged with double-digit growth, eventually reaching today’s two-month high of 0.00026795.
Currently, FLOKI has gained attention with an 18% increase, trading at $0.0002639. Its market capitalization correspondingly soared, placing it in the top 50. Trading volume surged by 182%, indicating investor interest. Notably, it has grown by 55% over the past seven days.
The technical indicators highlight a bullish momentum for FLOKI. The nine-day Exponential Moving Average (EMA) remains strong at 0.00022704, indicating sustained upward pressure. However, caution is warranted as the daily Relative Strength Index (RSI) currently stands at 72.75, signaling an overbought market.
Notably, prominent investor unipcs.eth has strategically allocated resources. He invested 276.4 ETH (approximately $863K) in FLOKI and 18.45 ETH (around $57K) in MAGA, yielding substantial profits. In less than two months, MAGA has achieved an astounding $3.4M (+6005%) profit, while FLOKI has gained a respectable $245K (+28%).
The surge in community-driven tokens demonstrates their outstanding performance in the broader market. For instance, FLOKI has surged by an impressive 55% in just six weeks, while MAGA skyrocketed by an astounding 175% in three weeks, reaching a historical high of $12.80.
If Bitcoin bulls continue to rise, FLOKI could face resistance at 0.00037998 and 0.000248003. However, if bears find a breakthrough, it may drop to 0.00015982, with another support level at 0.00010894.
