Elon Musk’s Post Sparks Floki Inu Price Surge and Trading Volume Increase
Elon Musk's Influence on Floki Inu (FLOKI)
- Elon Musk posted a video with Shiba Inu dog Floki as the CEO of X, causing FLOKI's price to hit a 10-day high at $0.00009 before dropping 12% to $0.00006684.
- Musk's previous references to Floki as Twitter CEO in 2023 led to a 140% price surge for FLOKI.
Floki Price Analysis
- FLOKI is trading within a descending channel since early 2024, recently bouncing off a critical support zone around $0.00004–$0.00005.
- The Relative Strength Index (RSI) is at 41.17; MACD indicates bearish momentum but potential easing of downside pressure.
- If support holds at $0.00004, resistance near $0.00009 could lead to a rally toward $0.005, a 7,500% upside.
- Failure to maintain support may result in a decline to $0.000028, a 40% downside.
- Elon Musk’s mention increased FLOKI’s trading volume by 161%, per CoinMarketCap data.
Maxi Doge ($MAXI) Presale
- $MAXI presale garners attention, raising $3.7 million.
- The project emphasizes empowering smaller traders, offering up to 82% in staking rewards.