FLOKI crypto sees 32% daily gain – Traders, should you buy now?

Key Points

1. FLOKI's price surged 45% in 48 hours, including a 32% gain in the last 24 hours, making it one of the top-performing meme coins.

2. The cryptocurrency broke through a long-standing resistance level, with Open Interest (OI) surging 117% to $85.56 million.

3. Whale transactions between $100K and $1 million increased by 2,633.33%, indicating significant accumulation by large holders.

4. Technical analysis suggests FLOKI could rise another 20% to $0.000162 or even $0.000205 if bullish momentum continues, but its RSI of 77 signals overbought conditions.

5. Trading volume surged 450% to $823.65 million, reflecting heightened market activity around FLOKI.