FLOKI Price Nears Strong Resistance; Potential Breakout Likely?

FLOKI Price Nears Strong Resistance; Potential Breakout Likely?

Time Stamp: August 12, 2023 9:45 AM
Source Node: 2209486
  • FLOKI is up 3.21% in the last 24 hours as per data from CMC.
  • The price had been on a bullish move, after reaching a low of $0.000021 on August 8.

The FLOKI Community is excited over the recent update. The FlokiFi Locker has been deployed on the opBNB testnet as per the recent update by the team. By providing cheaper fees and better throughput, opBNB from BNBchain is a high-performance layer-2 solution that liberates its full potential.

By making its utility products available to millions of new consumers on a high-performance blockchain supported by the world’s largest crypto brand, Binance, this move will help speed FLOKI adoption and increase the value of its products.

In addition, FLOKI made significant headway in improving its digital financial services by forming a strategic agreement with BitGo, a market leader in crypto custody solutions and digital asset financial services, earlier last month.

Potential Breakout Likely

According to CMC, the FLOKI price today is $0.000023 USD with a 24-hour trading volume of $16,040,748 USD. FLOKI is up 3.21% in the last 24 hours. As per recent statistics, whales are dominating the token holdings with 52.85%.

The price had been on a bullish move, after reaching a low of $0.000021 on August 8. Ever since bulls have kicked on and driven the price higher. However, as the price nears the strong resistance level at $0.0000236, it faces selling pressure.

If the price is able to breach and hold above this level then one can expect a strong rally. Moreover, if the price declines and breaches $0.000021, then a steep decline is on the cards.

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