- FLOKI was down by more than 6% in the last 24 hours.
- Market sentiment around the meme coin remained bullish.
Floki [FLOKI], a meme coin that gained immense popularity in 2023, is once again on the verge of a breakout.
At first glance, this inference might seem odd, as both the meme coin’s daily and weekly charts were in the red at press time.
However, a bullish pattern had formed on the meme coin’s daily chart at press time, which hinted that the possibility of a northbound breakout was high.
FLOKI is testing a bull pattern
The meme coin’s price registered a sharp uptick on the 21st of January. However, the trend did not last long.
According to CoinMarketCap, in the last 24 hours alone, FLOKI was down by over 6%. At the time of writing, it was trading at $0.00003075 with a market capitalization of over $293 million.
In the meantime, the meme coin’s chart flagged a bullish pattern.
Added more $FLOKI to the bag as well as I expect when the one and only king of memecoins will fly that coins like $FLOKI will follow. https://t.co/quFvYDmQsE pic.twitter.com/ryNfnC7bci
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