Floki Inu (FLOKI) Price Analysis: Price Preparing For A Big Rise!

Floki Inu (FLOKI) Earlier today, it rose 12% in the last 24 hours to $0.001921 in Asian markets. This recent increase comes after reports that Floki Inu’s logo will appear on the jersey and stadium of the Napoli football team.

Floki Inu Signs Sponsorship Agreement with Napoli

Floki Inu The team announced a sponsorship agreement with Italian football giant SSC Napoli. As a result of this agreement, a Shiba Inu dog wearing a Viking helmet (this is how the Floki Inu logo) will be displayed on LED signs on the back of Napoli SSC’s jersey and around the team’s stadium.

Agreement with Naples, FLOKI It comes after the list of football clubs his team has partnered with which includes Cádiz from Spanish LaLiga and Kerala Blasters from Indian Super League.

FLOKI is an Ethereum-based token that was released mid this year, and according to Etherscan, it has a fully diluted market cap of around $1.18 billion and has approximately 45,500 FLOKI holders.

Floki Inu Price May Jump To $0.0002359

FLOKI/USD price has been trending sideways since November 15 and has formed an ‘asymmetrical triangle’ on the four-hour chart. Adopted by the 50-period Simple Moving Average (SMA), Floki Inu could rally above the immediate resistance at $0.0018513, which could see the price rise above the resistance line of the triangle.

If this scenario happens, FLOKI It could rise further to tag the November 19 range around $0.0002359, which is a 38% increase from the current price of $0.000172.

The upward movement of the “MACD indicator” underscores this positive outlook. We would also like to remind you that when the MACD line (blue) crosses the signal line (orange), indicating positive market sentiment, the MACD issues a call to buy FLOKI. Floki Inu’s uptrend will pick up more momentum once the MACD crosses the zero line into positive territory.

FLOKI/USDT Four-Hour Chart

On the other hand, the Relative Strength Index (RSI) is currently showing a negative divergence, which is considered a value that indicates that the bears are trying to lower the price of FLOKI. Therefore, a pullback below the ‘immediate support’ at $0.000169, meme coinIt may indicate that the price has dropped below the support line. If this scenario materialises, FLOKI could even slide below the 18th November low of $0.00013348.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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