Floki (FLOKI) has seen a notable price surge over the past 24 hours, rebounding from a recent downturn. The memecoin jumped from $0.000092 to $0.000101, marking a 9.78% increase. As of this writing, FLOKI was trading at $0.0001005, reflecting a 6.37% gain on daily charts.
This sharp recovery follows a 17.83% decline over the past week. Investors are now questioning the driving forces behind this sudden upswing. Two primary factors appear to be fueling the momentum.
Stocktwits Marketing Campaign Boosts Sentiment
A key catalyst for Floki’s recent price recovery is its upcoming Stocktwits marketing campaign, set to launch on February 5. Floki’s official X account highlighted that the campaign will generate over 8.2 million impressions, showcasing the Floki Trading Bot to an audience of traders, investors, and financial enthusiasts. This move is expected to increase awareness and adoption, likely contributing to the current price surge.
Floki Trading Bot Launches Major Stocktwits Marketing Campaign
— FLOKI (@RealFlokiInu) February 3, 2025
Starting February 5th, this targeted campaign will put our revolutionary trading bot in front of millions of traders and investors through high-visibility ad placements across a variety of media channels.
With over… pic.twitter.com/6sAyG0lXKO
Whale Activity and Order Imbalance Favor Buyers
On-chain data further supports Floki’s bullish movement. AMBCrypto’s analysis indicates a significant uptick in whale activity, with large holder inflows skyrocketing by 187.41% in the past 24 hours. The inflow increased from 53 billion to 153 billion, signaling strong accumulation from major investors.
Additionally, MobChart data reveals a clear order imbalance favoring buy orders over sell orders. This suggests that investor sentiment has shifted towards accumulation, reinforcing upward momentum.
Technical Indicators Signal Continued Gains
Floki’s technical indicators also hint at sustained bullish action. The Relative Vigor Index (RVI) and Stochastic RSI are nearing a bullish crossover, a signal that could further validate the ongoing uptrend. If buying pressure persists, FLOKI could break past $0.00011 and aim for the $0.00012 resistance level.
Also Read: Floki (FLOKI) Surges 6.37% as Whale Buying Spikes Ahead of Stocktwits Campaign
However, if momentum stalls, a pullback to $0.000094 remains a possibility. Overall, with whales accumulating and positive sentiment rising, Floki appears poised for further gains in the coming days.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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