Floki (FLOKI), the popular meme coin inspired by Elon Musk’s Shiba Inu, has experienced a 50% price surge in the past week.
This surge comes alongside gains in the broader meme coin market as tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) reach yearly highs.
As investors become increasingly interested in meme coins, one captivating newcomer is Smog (SMOG), a Solana-based token attracting attention due to its eye-catching branding and stellar roadmap.
FLOKI Price Takes Off as DWF Labs Invests Heavily in the Token
Floki’s impressive price pump in the past week hasn’t been without solid technical backing.
The daily chart reveals a clear breakout pattern, with FLOKI surging past the key resistance level at $0.000042.
This marks the first time FLOKI has traded above $0.000042 since May 2023.
FLOKI’s price rise is supported by a significant increase in trading volumes – positioning it as the fifth most-traded meme coin worldwide.
Yet, the main reason for FLOKI’s bullish perfo
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