Floki explodes 12% on massive volume that potentially signalizes bullish momentum

MEMECOIN FLOCKI ROCKETS 12.1% in a 24-hour session that bursts from $ 0.0000815 to $ 0.0000915 on solid volume, while the wider Coindesk 20 market index only achieved 1.4%.

Trading Range hit $ 0.0000136, representing 16.8% volatility, in accelerated price action, specifically around 13: 00-16: 00 UTC window on July 8.

Floki smashed through several resistance barriers according to the model. Volume exploded to 274.1 billion tokens at. 16:00 UTC, which is five times the 24-hour average of 58.4 billion.

Strong volume support is materialized at $ 0.0000851 level over 12: 00-13: 00 UTC TIME Frame. This established launch plate for a breakout of $ 0.0000880 resistance. This maintained upward momentum combined with increased trading volumes, signalizes institutional accumulation and potential bullish atmosphere.

The move comes in the midst of news about Fluli, officially launching Valhalla last month, a blockchain-based game inspired by Norrøn mythology. The game’s gaming-to-finish economy is built around the Floki-tokens, which the players earn by performing tasks in the game and winning battles.

Technical analysis highlights

  • Price rockets from $ 0.000082 to $ 0.000092, representing 12% gain over 24-hour period, according to Coindesk Research’s technical analysis data.
  • Volume Spikes hit 274.1 billion tokens at. 16:00, almost five times average.
  • Critical resistance breaks over $ 0.000088 level with strong volume confirmation.
  • Support established at $ 0.000085 level over 12: 00-13: 00 Consolidation phase.
  • New session high at $ 0.000092 obtained during the last hour of rally.
  • Renewable purchase pressure maintained over $ 0.000090 psychological level.

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