Floki Price Surges 24%, But Traders Rush To Buy This Rival Crypto

Be part of Our Telegram channel to remain updated on breaking information protection

The Floki value has surged 24% within the final 24 hours to commerce at $0.00009638 as of 1:00 a.m. EST on a 6% drop in buying and selling quantity to $369 million.

Floki Value Indicators An Upcoming Rebound

The FLOKI value has come beneath intense promoting stress after reaching an intraday excessive of $0.00010589 earlier than slipping to a low of $0.00009557. This motion has raised issues a few potential breakdown beneath key technical ranges.

The newest decline comes amid a protracted downtrend that started after FLOKI’s parabolic rally in November, the place costs surged earlier than reversing right into a bearish channel. A number of promote alerts have appeared on the meme coin’s chart, reinforcing bearish sentiment. Nevertheless, FLOKI is now testing a significant assist zone between $0.00009500 and $0.00010000, a stage that beforehand triggered robust shopping for curiosity.

FLOKIUSD Evaluation Supply: Tradingview

Floki Value Nears Oversold Ranges – Will Consumers Spark A Rebound?

Based on technical indicators, FLOKI could also be approaching oversold circumstances, with the Relative Power Index (RSI) at 30.74, simply above the oversold threshold of 30. This might point out {that a} short-term rebound is feasible, particularly if patrons step in on the present assist stage. A profitable bounce might see the Floki value retest resistance at $0.00011815, with additional upside potential towards $0.00015000 if bullish momentum strengthens.

On the flip facet, if FLOKI fails to carry above $0.00009500, it might set off a deeper decline, with the subsequent main assist close to $0.00008000. Given the sustained downtrend, merchants stay cautious, anticipating indicators of a pattern reversal or additional promoting stress.

The subsequent few buying and selling periods shall be essential, as FLOKI’s response on the assist zone will decide whether or not a aid rally or a brand new leg down shall be subsequent. Traders are suggested to carefully monitor shopping for quantity and value motion earlier than making their subsequent transfer.

Merchants Flock To Catslap (SLAP)

Because the Floki value struggles to bounce again, extra merchants are turning to new meme coin, Catslap (SLAP), the token behind a viral net sport the place gamers earn crypto by slapping cultural icons.

The Catslap group just lately burned $1 million price of tokens, successfully lowering the whole provide and probably driving constructive value momentum for the favored Slap-to-Earn cryptocurrency. Thus far, a complete of 1.2 billion SLAP tokens, valued at over $1.5 million, have been burned, reinforcing the undertaking’s deflationary mannequin.

Moreover, the Slapdrop contest efficiently distributed a $100,000 prize pool, additional fueling engagement throughout the group.

It is performed. We simply burnt $1,000,000 of $SLAPhttps://t.co/grFgQzV4ej pic.twitter.com/iMG1HkF0Ri

— Catslap (@CatSlapToken) January 31, 2025

A profitable token burn additionally marked the tip of the Slapdrop contest, with traders staking over 500 million SLAP tokens. Whereas the staked principal stays safe, any unclaimed staking rewards are set to be burned on Feb. 14, including to the token’s deflationary mechanics.

MEGABURN Might Trigger SLAP’s Value To Skyrocket

Following a powerful 969% surge from its presale value, SLAP is quickly gaining traction, fueled by rising investor curiosity and potential pro-crypto insurance policies within the US. Because it features momentum, Catslap is positioning itself as a frontrunner within the meme coin sector, with the potential to outpace rivals like MEOW and MOG.

With the upcoming “MEGABURN” occasion scheduled within the subsequent 9 days, traders are eagerly anticipating an enormous value surge. Even crypto influencer Jacob Crypto Bury, who boasts over 45K subscribers on YouTube, has predicted that SLAP might change into the subsequent 100X meme coin to dominate the market.

Moreover, Catslap’s partnership with Finest Pockets (BEST), one of many fastest-growing and most modern crypto wallets, additionally offers it publicity to over 105,000 customers.

The present value of SLAP stands at $0.00117593, and it may be bought straight on the undertaking’s web site utilizing ETH, USDT, or a financial institution card. Alternatively, traders can even buy the meme coin by the centralized alternate MEXC.

Purchase SLAP right here earlier than the undertaking’s “MEGABURN” occasion in 9 days.