Schlagwort: crypto business

• FLOKI surged 40% in 24 hours to $0.0001352, backed by a rare triple EMA bullish crossover and steady on-chain holding behavior.
• Technical indicators point to a potential move toward $0.000164, with Fibonacci levels confirming bullish momentum.
• Long-term holders aren’t selling into the rally, lowering supply pressure and reinforcing market confidence.

FLOKI has recorded a sharp 40% price increase in 24 hours, pushing its value to $0.0001352 at the time of writing. On-chain and technical indicators suggest this surge may not be short-lived.

With a rare triple EMA bullish crossover confirmed and the Age Consumed metric signalling continued holding behaviour, the memecoin appears poised to test the $0.000164 level—a 25% rise from its current price—if current momentum holds.

Key support and resistance zones derived from Fibonacci extensions are also in play, suggesting a decisive phase for FLOKI’s near-term trajectory.

Despite the price uptick, long-held FLOKI tokens are not being redistributed.

The last notable movement of dormant coins occurred in early July when the Age Consumed value surged to approximately 62 trillion, a sign often associated with redistribution.

In contrast, the current trend has seen that indicator stay muted, implying that larger holders are refraining from selling into the rally.

This absence of sell-side activity from long-term holders has lowered the supply pressure, creating room for upward price movement.

This trend also suggests that market confidence is rising. A spike in the Age Consumed metric would normally precede a potential correction, as older tokens re-enter circulation.

Rare triple EMA crossover confirms bullish trend

FLOKI’s current rally gained traction around 10 July, when a significant technical pattern began to form.

On that date, the 20-day exponential moving average (EMA) crossed above the 50-day EMA.

Two days later, the 20-day EMA rose above the 100-day EMA, and by 16 July, the 50-day EMA also overtook the 100-day EMA.

This alignment of moving averages forms a rare technical formation known as a Triple EMA Bullish Crossover.

Such a formation is typically interpreted as a strong bullish signal, particularly when all three key EMAs line up in ascending order.

It reflects consistent buying momentum across short, medium, and long timeframes.

This technical confirmation comes at a time when FLOKI has already seen sustained interest across social media platforms, driving increased retail attention.

If the crossover holds, it could support the continuation of the rally beyond near-term resistance levels.

Fibonacci levels suggest $0.000164 target

From a price action perspective, FLOKI has reclaimed multiple Fibonacci levels after bouncing back from a recent low of $0.000091.

Drawing the trend-based Fibonacci extension from the impulse low of $0.000059 to a local high of $0.000104, and then back to the retracement at $0.000091, the memecoin has moved through the 0.618 Fib level—often regarded as a critical support zone during upward moves.

The next key level is $0.000136, which has served as a resistance point.

FLOKI has already tested this zone, and a breakout above it could lead to the 1.618 Fibonacci extension target at $0.000164.

This would represent a 25% rise from the current price of $0.000132.

However, the bullish structure is not without risk. A drop below $0.000102, which corresponds to the 0.236 Fib level, could invalidate the current setup.

This level also coincides with the start of the present bullish impulse, and falling below it may signal a reversal or exhaustion in the trend.

FLOKI’s outlook hinges on support holding above $0.000102

While FLOKI has exhibited strong technical and on-chain signals, its continuation depends on key levels being maintained. The absence of activity among long-term holders is a positive sign, suggesting confidence rather than panic.

At the moment, a move toward the $0.000164 target remains technically supported. But if market momentum falters and price action dips below the $0.000102 threshold, it could spell the end of the rally.

Traders are now closely watching how the memecoin behaves around these inflection points to determine whether the bullish thesis holds.

The post FLOKI price rally gains 40% as rare EMA signal points to further 25% rise appeared first on CoinJournal.

Key takeaways

• FARTCOIN is up 19% in the last 24 hours and now trades above $1.4,
• The coin is targeting the $1.65 high as open Open Interest hits $1 billion.

FARTCOIN surges 19% as memecoins continue to lead market charge

The cryptocurrency market has continued its explosive start this week, with memecoins leading the charge. FLOKI is the best performer among the top 100 cryptocurrencies by market cap, while other memecoins like DOGE, SHIB, BONK, TRUMP, and FARTCOIN are also in the green.

Fartcoin is up 19% in the last 24 hours, making it one of the top performers among the leading 100 cryptocurrencies. The rally allowed FARTCOIN to hit the $1.45 mark. Its rally is fueled by the Open Interest (OI) hitting $1 billion. Open Interest (OI) refers to the total value of open perpetual derivative contracts, serving as a direct indicator of traders’ interest. 

Data obtained from CoinGlass revealed that the Fartcoin Open Interest reached a new all-time high of $1.05 billion, up from $802.60 million on Wednesday. The rising Open Interest suggests growing interest in the memecoin and could push its price to new highs.

FARTCOIN eyes $1.65, with January high of $2.61 also in target

The FARTCOIN/USD 4-hour chart is extremely bullish and efficient thanks to the meme coin’s ongoing rally. The technical indicators also suggest that FARTCOIN could rally higher in the near term.

The Relative Strength Index of 62 shows that FARTCOIN could be heading into the overbought region if the buying spree continues. The MACD lines are also in the positive zone, suggesting a bullish bias.

Fartcoin nears the 78.6% Fibonacci retracement level at $1.56, drawn from the $2.61 peak of January 19 to the low of $0.19 from March 10. If the daily candle closes above the $1.5 mark, FARTCOIN could surge past the $1.65 resistance level in the coming hours. However, it would need the help of the broader crypto market or growing institutional demand to rally towards the all-time high of $2.61. 

On the flipside, failure to build momentum around $1.5 could see FARTCOIN test the TLQ level at $1.18. The bulls would likely defend July’s low of $1.002 as it serves as a strong support for continuation.

The post Fartcoin targets $1.65 as Open Interest hits $1 billion appeared first on CoinJournal.