Is Floki Heading Towards a Crash? FLOKI Price Plummets as Investors Turn to Wiener AI
Floki, a popular canine meme coin inspired by Elon Musk’s Shiba Inu, has experienced a significant drop of 9% overnight and 32% over the week. This makes it the top meme coin with the most substantial losses in both daily and weekly trading among the top ten meme coins. Currently trading at $0.000217, Floki’s decline contrasts with Dogecoin, the original and largest meme coin, which only lost 1.7% overnight and 7.6% over the past week, trading at $0.1338.
Most meme coins, including Shiba Inu and leading Solana doge meme coins like DogWifHat and Bonk, are following Bitcoin’s losses. Bitcoin itself lost 1% overnight and 5% over the week, trading at $65,863. Shiba Inu experienced a 14% drop over the week, trading at $0.0000202, while DogWifHat and Bonk shed 15% and 12% respectively over the past seven days.
Floki has struggled to break the $0.0003 resistance level for most of the year, with a brief rally in early June pushing it to a new all-time high of $0.0003449. However, the token faces strong resistance to surpass $0.00035. Since reaching its all-time high twelve days ago, Floki has undergone a correction of around 47%, breaking its previous rising support. Despite this, a rising relative strength index (RSI) of 26 suggests that the sell-off may have ended, and some dip-buying could stabilize the token.
As Floki faces a crash, investors are turning to WienerAI, a meme coin that integrates artificial intelligence for trading. WienerAI offers a high-value proposition with its advanced AI trading bot, attracting investments of $5.9 million during its presale. This next-generation crypto project provides users with user-friendly AI trading advice, seamless swap functionality, and zero fees. WienerAI, audited by Blockchain security platform Coinsult, also offers staking opportunities with a current APY of 193%. To stay updated on WienerAI news, follow them on X and Telegram, and join the presale on their website.