Floki Inu is Trading -13.08% Below Our Price Prediction for May 05, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Floki Inu is down -3.54% today against the US Dollar
• FLOKI/BTC decreased by -2.97% today
• FLOKI/ETH decreased by -3.31% today
• Floki Inu is currently trading 13.08% below our prediction on May 05, 2023
• Floki Inu gained 6.04% in the last month and is up 106.00% since 1 year ago

FLOKI price is expected to rise by 15.05% in the next 5 days according to our Floki Inu price prediction

Floki Inu price today is trading at $ 0.000035 after losing -3.54% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.10% in the same time period. FLOKI performed poorly against BTC today and recorded a -2.97% loss against the world’s largest cryptocurrency.

According to our Floki Inu price prediction, FLOKI is expected to reach a price of $ 0.000040 by May 05, 2023. This would represent a 15.05% price increase for FLOKI in the next 5 days.

FLOKI Price Prediction Chart

Buy/Sell Floki Inu

What has been going on with Floki Inu in the last 30 days

Floki Inu has been displaying a positive trend recently, as the coin gained 6.04% in the last 30-days. The medium-term trend for Floki Inu has been bullish, with FLOKI increasing by 45.22% in the last 3 months. The long-term picture for Floki Inu has been positive, as FLOKI is currently displaying a 106.00% 1-year price change. On this day last year, FLOKI was trading at $ 0.000017.

Floki Inu reached its all-time high price on Nov 04, 2021, when the price of FLOKI peaked at $ 0.000342. The current FLOKI cycle high is $ 0.000068, while the cycle low is at $ 0.000005. FLOKI has been displaying low volatility recently – the 1-month volatility of the coin is at 6.90. Floki Inu recorded 11 green days in the last 30 days.

Floki Inu technical analysis for today - Apr 30, 2023

The sentiment in the Floki Inu markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.000035, $ 0.000034 and $ 0.000034, while $ 0.000036, $ 0.000037 and $ 0.000038 are the key resistance levels.

Bearish sentiment for Floki Inu

9 indicators are currently signaling a bullish prediction for Floki Inu, while 15 indicators are showing a bearish forecast. With 62% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Floki Inu.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 60 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Floki Inu moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Floki Inu is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Floki Inu is at 50.25, suggesting that FLOKI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Floki Inu over the last 50 days. Currently, Floki Inu is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FLOKI closing price for the last 200 days. FLOKI is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Floki Inu prediction

After considering the above factors, we can conclude that the current forecast for Floki Inu price prediction is Bearish. FLOKI would have to increase by 15.05% to hit our $ 0.000040 target within the next five days. Moving forward, it will be important to monitor the FLOKI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Floki Inu price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.