FLOKI Explodes 12% on Massive Volume, Potentially Signalling Bullish Momentum
2025-07-08 18:40:13
Main Idea
FLOKI token surged 12.1% in 24 hours with a significant spike in trading volume, potentially indicating bullish momentum, driven by the launch of its blockchain-based game Valhalla.
Key Points
1. FLOKI's price increased from $0.0000815 to $0.0000915, outperforming the broader CoinDesk 20 market index.
2. Trading volume spiked to 274.1 billion tokens at 16:00 UTC, five times the 24-hour average of 58.4 billion.
3. The token broke through resistance levels, with strong support at $0.0000851 and a breakout above $0.0000880.
4. The surge is linked to the recent launch of Valhalla, a play-to-earn game that uses FLOKI tokens as in-game rewards.
5. Sustained buying pressure kept the price above the psychological level of $0.000090 during the rally.
Description
Memecoin FLOKI rockets 12.1% in a 24-hour session, blasting from $0.0000815 to $0.0000915 on massive volume, while the broader CoinDesk 20 market index gained only 1.4%. Trading range hit $0.0000136, representing 16.8% volatility, in accelerated price action, specifically around the 13:00-16:00 UTC window on July 8. FLOKI smashed through multiple resistance barriers, according to the model. The volume exploded to 274.1 billion tokens at 16:00 UTC, which is five times the 24-hour average of 58.4 ...
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