The FLOKI price has inched back to $0.0001307, with the coin rebounding after hitting a seven-day low of $0.00012035 on Thursday.
Despite its dip last week, the meme token remains up by an impressive 31% in a fortnight and by almost 100% in the last 30 days, pushing it up to 100th in the market (in terms of cap).
And if we look at its chart we see that it’s still enjoying some very positive momentum, indicating that it could be about to rally again, and could even hit new highs.
Floki Price Prediction: FLOKI Doubles in 30 Days – Next Rally Could Be Even Faster
The key detail on FLOKI’s price chart is that its indicators are still within positive ranges, signalling ongoing buying pressure.
After dipping to just below 60 a couple of days, FLOKI’s relative strength index (yellow) has risen back above 60, and could be about to return to 70 or higher very soon.
Source: TradingViewSimilarly, the token’s MACD (orange, blue) has stopped a similar decline, implying that the coin could rebound later today already.
There’s also the important fact that the FLOKI price had broken out of a classic pennant at the start of July, implying that it remains with a breakout phase.
Volume has also begin to climb again, from $115 million yesterday to $200 million today, suggesting a return to buying.
It’s also significant that the FLOKI price has formed a cup-and-handle pattern, dipping between early May and beginning to rise again in late June/early July, before breaking above the cup’s top.
Again, this suggests that another big rally may be coming, with other analysts also suggesting that it could climb to new levels very soon.
This will depend on the overall direction of the wider market, but with prices responding positively to recent trade deals involving the United States, the coming weeks and months could become increasingly bullish.
In such a context, the FLOKI price is likely to grow, especially when the Floki Inu team continue to roll out new apps and projects, such as the recent Valhalla play-to-earn game.
FLOKI could therefore hit $0.00020 by the end of August, and $0.00030 towards the end of Q4.
Best Wallet Raises $14 Million in Presale for Native Token: Could BEST Rally Big?
In addition to established meme tokens such as FLOKI, the market is currently seeing a wave of new alts appear, with some of these showing real potential.
One particular highlight is Best Wallet Token (BEST), the Ethereum-based native token of the popular Best Wallet app.
BEST has now raised just over $14.2 million in its ongoing presale, indicating its potential once it lists on exchanges in the next few weeks.
This total exceeds figures for most over presales this year, and the reason why BEST has done so well is that it comes with real utility.
As the native token of Best Wallet (which now has around 250,000 active monthly users), it will provide users with a range of benefits.
This includes discounts on fees, early access to airdrops and presales, governance rights, and also the ability to stake the token.
This means Best Wallet users will gain real utility from the $HYPER token, and that added value could drive strong demand once it hits the market.
Investors can join its presale by going to the Best Wallet website, where it’s currently selling for $0.025395.
This will rise again later today, so buyers should act quickly if they want to secure the biggest possible gains.
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