Elon Musk’s Post Spurs 27% Floki Inu Price Surge
The price of Floki Inu surged by 20% to reach $0.00009 on October 20, 2025, following a tweet by Elon Musk featuring the Shiba Inu dog Floki as CEO of X, formerly Twitter. This move pushed Floki's market cap beyond $830 million.
- The tweet included a link to a new app for AI-generated videos.
- Elon Musk is known for supporting Dogecoin, but has engaged with the Floki community before.
- Floki's trading volume hit $540 million, marking an 802% rise in 24 hours.
- A previous similar interaction led to a 140% price rally.
The technical analysis shows:
- Floki exhibits a falling wedge pattern, suggesting potential upward movement.
- Price is around $0.0000829, with MACD lines below zero but tightening.
- A bullish crossover could confirm further gains; a close above $0.00015 is pivotal.
- Resistance levels are at $0.00011 and potentially $0.00037 if the wedge target holds.
- A weekly close below $0.00005 could reverse the trend towards $0.00004.
