Floki Inu is Trading -8.85% Below Our Price Prediction for May 18, 2023

Floki Inu is Trading -8.85% Below Our Price Prediction for May 18, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Floki Inu is up 4.44% today against the US Dollar
  • FLOKI/BTC increased by 2.62% today
  • FLOKI/ETH increased by 3.29% today
  • Floki Inu is currently trading 8.85% below our prediction on May 18, 2023
  • Floki Inu dropped -0.90% in the last month and is up 306.00% since 1 year ago
Floki Inu price$ 0.000036
Floki Inu prediction $ 0.000039 (9.94%)
Sentiment Bearish
Fear & Greed index 48 (Neutral)
Key support levels$ 0.000034, $ 0.000032, $ 0.000031
Key resistance levels$ 0.000037, $ 0.000038, $ 0.000040

FLOKI price is expected to rise by 9.94% in the next 5 days according to our Floki Inu price prediction

is trading at $ 0.000036 after gaining 4.44% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.18% in the same time period. FLOKI performed well against BTC today and recorded a 2.62% gain against the world’s largest cryptocurrency.

According to our Floki Inu price prediction, FLOKI is expected to reach a price of $ 0.000039 by May 18, 2023. This would represent a 9.94% price increase for FLOKI in the next 5 days.

FLOKI Price Prediction Chart

Buy/Sell Floki Inu

What has been going on with Floki Inu in the last 30 days

Floki Inu has been displaying a negative trend recently, as the coin lost -0.90% in the last 30-days. The medium-term trend for Floki Inu has been bullish, with FLOKI increasing by 49.46% in the last 3 months. The long-term picture for Floki Inu has been positive, as FLOKI is currently displaying a 306.00% 1-year price change. On this day last year, FLOKI was trading at $ 0.000009.

Floki Inu reached its all-time high price on Nov 04, 2021, when the price of FLOKI peaked at $ 0.000342. The current FLOKI cycle high is $ 0.000068, while the cycle low is at $ 0.000005. FLOKI has been displaying low volatility recently – the 1-month volatility of the coin is at 8.96. Floki Inu recorded 12 green days in the last 30 days.

Floki Inu technical analysis for today – May 13, 2023

The sentiment in the Floki Inu markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.000034, $ 0.000032 and $ 0.000031, while $ 0.000037, $ 0.000038 and $ 0.000040 are the key resistance levels.

Bearish sentiment for Floki Inu

10 indicators are currently signaling a bullish prediction for Floki Inu, while 16 indicators are showing a bearish forecast. With 62% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Floki Inu.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 48 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Floki Inu moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Floki Inu is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.000036 (SELL)$ 0.000036 (SELL)
MA5$ 0.000036 (SELL)$ 0.000036 (SELL)
MA10$ 0.000037 (SELL)$ 0.000037 (SELL)
MA21$ 0.000036 (SELL)$ 0.000036 (SELL)$ 0.000029 (BUY)$ 0.000031 (BUY)
MA50$ 0.000035 (BUY)$ 0.000036 (BUY)$ 0.000017 (BUY)$ 0.000028 (BUY)
MA100$ 0.000037 (SELL)$ 0.000033 (BUY)
MA200$ 0.000023 (BUY)$ 0.000028 (BUY)
PeriodValueAction
RSI (14)50.74NEUTRAL
Stoch RSI (14)38.09NEUTRAL
Stochastic Fast (14)21.29NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)25.96SELL
Awesome Oscillator (5, 34)0.00SELL
Momentum (10)0.00NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-78.71NEUTRAL
Ultimate Oscillator (7, 14, 28)47.06NEUTRAL
VWMA (10)0.00SELL
Hull Moving Average (9)0.00BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.00NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Floki Inu is at 50.74, suggesting that FLOKI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Floki Inu over the last 50 days. Currently, Floki Inu is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FLOKI closing price for the last 200 days. FLOKI is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Floki Inu prediction

After considering the above factors, we can conclude that the current forecast for Floki Inu price prediction is Bearish. FLOKI would have to increase by 9.94% to hit our $ 0.000039 target within the next five days. Moving forward, it will be important to monitor the FLOKI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Floki Inu price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/27054/floki-inu-prediction-may-13-2023/