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Is it time to sell Floki Inu as it jumps 21.75% in just 7 days, or should you hold on for potential further gains?

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  • Exciting news! FLOKI’s price has seen a remarkable surge in the past week due to increased interest in the token.
  • Although network growth has slowed down, hinting at a slight dip in new user interest.

Floki Inu [FLOKI] has been an impressive player in the memecoin arena, vying for a top position for quite some time now.

Market Dominance of FLOKI

Despite facing tough competition from new popular entrants, FLOKI managed a significant comeback this past week.

Recent data from CoinMarketCap reveals that FLOKI experienced a commendable 21.75% price surge in the last seven days, making it the third-highest gainer amongst cryptocurrencies in that period.

Source: CoinMarketCap

From the start of May, FLOKI’s price trend has been quite positive, with several indicators suggesting a bullish trend on the horizon.

If FLOKI can retest the $0.00023076 levels, there’s a good chance it could break through this resistance and target the $0.00025780 level in the coming days.

Despite the price surge, the CMF (Chaikin Money Flow) for FLOKI dropped to -0.12, signifying a decrease in money flow into the token.

Furthermore, the RSI (Relative Strength Index) for FLOKI also saw a notable decline, indicating a loss of bullish traction for the token.

Source: Trading View

Despite the price surge, it appears that many long positions were liquidated, indicating that traders may have taken risky leveraged positions on FLOKI.

Source: Coinglass

Consequently, trader sentiment turned pessimistic, with a noticeable increase in short positions against FLOKI as per Coinglass’ data.

This spike in bearish sentiment suggests traders anticipate a price drop for FLOKI in the near future.

Source: coinglass

Despite the price surge, Network Growth for FLOKI witnessed a notable decline, indicating a drop in new addresses adopting FLOKI.


Curious about your portfolio’s performance? Try the FLOKI Profit Calculator


The recent surge in FLOKI’s price appears to be driven more by existing holders accumulating tokens rather than new users entering the market.

While this may benefit the short-term price, sustainable long-term growth might require attracting new addresses to the network.

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