FLOKI price Bounces Back After Weeks of Sluggish Trading
- FLOKI prices saw an upsurge to $0.00004937 after a partnership with Laliga champions Real Madrid
- FLOKI signs will be displayed during Real Madrid home games for viewers as part of the strategic marketing partnership.
- Floki dipped towards a low of $0.00004611 but has recently bounced back up to $0.00004812, where it currently stands at.
Memecoin Floki proudly declared strategic marketing cooperation with Real Madrid, the most successful football team in Spain. This partnership aims to strengthen the reach of Floki’s branding and messaging within the Asia Pacific region.
With an ever-growing fan base from Asia, Real Madrid has become one of the most popular teams across the world. The recent surge in FLOKI’s prices over the past few hours is indicative of how successful this new deal could be for both parties. FLOKI’s price change since the announcement of the partnership has moved from a low of $0.00004611 to a high of $0.00004937; this increase in prices could be attributed to the new partnership and improved sentiment from investors as well.
At present, FLOKI is trading at around $0.00004812 on major crypto exchanges, and market experts are optimistic that this could be the start of a rally in FLOKI prices. Furthermore, as part of the marketing agreement with Real Madrid, Floki logos will be displayed prominently on digital application boards and billboards during home matches at Santiago Bernabéu Stadium in Madrid.
FLOKI price movement in the last 24 hours: Coinmarketcap
The most recent technical analysis on the 4-hour and hourly timeframes indicates FLOKI has formed a bullish triangle pattern, which could lead to a price surge in the near future. The meme coin has started to form the right shoulder of the pattern, and if prices continue to move higher, FLOKI could target $0.00005 levels in the next few days.
On the downside, support for FLOKI is currently located at $0.00004750 and $0.00004680 levels. A break below these levels could see FLOKI prices move toward the $0.00004540 level or lower.
The technical indicators on the 4-hour and hourly timeframe exhibit mixed signals, with the popular momentum indicators, such as the RSI and MACD showing a bearish divergence.
FLOKI/USD 4-hour chart:TradingView
FLOKI prices have managed to bounce back following the announcement of its strategic partnership with Real Madrid FC. Technical analysis is showing bullish signals that could indicate a potential price surge toward the $0.00005000 level in the near future.
In a bearish scenario, the Fibonacci retracement levels of $0.00004750 and $0.00004680 could provide support for FLOKI prices if the bearish divergence persists in the technical indicators. With developments such as this, investors of FLOKI may be looking forward to an exciting ride ahead.
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