FLOKI Price Prediction: FLOCKI Climbs 3% As Investors Flock To This ICO For Diversified Meme Coin Exposure

The FLOKI price climbed over 3% in the last 24 hours to trade at $0.00009504 as of 10:44 p.m. EST as investors slowly start to accumulate the meme coin.

Despite the 24-hour gain, the FLOKI price is still in the red on the weekly time frame.

FLOKI Price Hovering Above Support After A Negative Sequence

1-hour chart FLOKI/USD (Source: GeckoTerminal)

The FLOKI price has been in a negative sequence in the last few hours, printing a series of lower lows and lower highs on the hourly chart, GeckoTerminal data shows. Now, the meme coin is hovering slightly above a key support level at $0.00009398. Should the crypto drop below this level within the next 6 hours, it might plunge to as low as $0.00008998.

On the other hand, traders identifying FLOKI’s current price as a buy opportunity might lead to a more bullish scenario playing out. In this alternative case, the crypto could start to rise toward the closest resistance level at $0.00009912. Bulls might then try to push the meme coin above this barrier, clearing the room for a rise to as high as $0.00010388.

Technicals Suggest The FLOKI Price Might Continue To Climb

From a technical perspective, indicators on FLOKI’s chart suggest the meme coin’s price might continue to climb in the next few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show signs that the crypto’s recent negative sequence may be nearing its end.

Recently, the RSI line has started to level off in the mid 40s. The indicator’s neutral slope could be interpreted as an indication of bulls chipping away at bears’ grip on the FLOKI price. This might lead to the RSI rising above 50 in the short term, which could signal that buyers have taken back control of the crypto’s price.

Meanwhile, the MACD Histogram has also started to level off. This indicator measures the gap between the MACD and MACD Signal line. While the current orientation of the MACD line below the MACD Signal line is bearish, the leveling off of the MACD Histogram suggests the FLOKI price could soon enter into a bullish trend.

As FLOKI technicals show early bullish signs, investors are piling into the presale for a new crypto index called Meme Index (MEMEX) for safer meme coin investing. Jacob Bury, a popular crypto analyst on YouTube with over 54.9K subscribers, says that MEMEX has the potential to be the next 10X crypto.

Simplifying Meme Coin Investing For Everyone

Meme coins have been among the top performing cryptos in the Web3 space over the last few months, with an investor frenzy erupting around these lighthearted crypto tokens. With the popularity of meme coins soaring, developers are constantly deploying new tokens to try and capture some of the hype for profits. 

As new tokens flood the meme coin space on a daily basis, it has become near impossible to find the one crypto gem that will lead to meteoric gains. Additionally, the surging hype around meme coins has also led to an increase in the amount of rug pulls and scam tokens.

Meme Index, with its four investment baskets, aims to provide investors with an easier and safer way to gain meme coin exposure. The project’s meme coin indexes, Meme Titan, Moonshot, Midcap and Meme Frenzy, all feature different meme coins that are grouped by their perceived level of risk.

The relatively safer option is the Meme Titan index, which focuses on the largest meme coins by market cap, while the highest-risk Meme Frenzy index features volatile and new tokens for investors who are willing to risk it all for potential parabolic gains.

By simply purchasing MEMEX, investors unlock diversified meme coin exposure. What’s more, MEMEX holders also get to help decide which meme coins should be featured in each basket.

High Staking Rewards Pull Investors In

Meme Index has already raised over $3.7 million through its ongoing presale, as investors bet big on the project’s future. A potential reason for this high level of interest, besides the project’s meme coin appeal, could be the 604% on offer to anyone who buys and stakes MEMEX during its presale phase.

To unlock the high passive crypto rewards, investors will first need to purchase MEMEX via the widget embedded on the project’s website. The token is currently selling for $0.0163585, and can be bought with either ETH, USDT, BNB or bank card. After getting a hold of some MEMEX, investors can then navigate to the staking page on the website to lock up their tokens.

Buy and stake MEMEX here before a presale price hike in 28 hours.

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