Bitcoin and Altcoins Show Varied Market Movements

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 06 2024

FLOKI-2.59%

RACA+0.16%

BTC+1.471%

Should l Buy FLOKI?

Bitcoin Market Movements: Bitcoin is trading at $70,957 with profit-taking starting at $71,750 peak, but the current level remains positive. Altcoins may see gains pending tomorrow's data release.
CEEK Coin Price Prediction: CEEK Coin has been trading within a narrow range for 54 days, struggling to surpass $0.06. Lack of investor interest in this metaverse altcoin is noted.
FLOKI Coin Analysis: FLOKI Coin reached $0.000348, surpassing its all-time high, and could set new record levels above $0.0005 if previous ATH level is maintained as support.
RACA Coin Analysis: RACA Coin's price movement on March 11-12 showed speculative rises can quickly reverse. If it surpasses $0.00033, it could test $0.00046.

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Technical Analysis for FLOKI

Technical Sentiment Analysis for FLOKI (FLOKI) As of , FLOKI (FLOKI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOKI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, FLOKI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

FLOKI (FLOKI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000121	0.0000188	0.0000258	0.0000325	0.0000395	0.0000462	0.0000532
Fibonacci	0.0000188	0.0000241	0.0000273	0.0000325	0.0000378	0.000041	0.0000462

About FLOKI

Floki (FLOKI) is the people's cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu (SHIB) community and is inspired by (and named after) Elon Musk’s Shiba Inu.Musk is a prominent fan of Dogecoin, although he publicly denied owning any SHIB. Floki Inu is working on “four flagship utility projects:”An NFT gaming metaverse called ValhallaA suite of decentralized finance products launched under the 'FlokiFi' umbrella.An NFT and merchandise marketplace called FlokiPlacesA content and education platform called University of FlokiThe community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog) that was named after a Viking character. Floki vows to take its community efforts seriously and has been listed several times in the Top 10 of LunarCrush’s social engagement leaderboards. Floki has also partnered with leading crypto projects that include Chainlink, Trader Joe, ApeSwap for its FlokiFi Locker digital asset locker protocol.Floki is also sometimes referred to by some as 'Floki Inu'.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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