Floki hits a five-month high with a 105% weekly gain. What’s Next?

• Floki, a memecoin, recently hit a five-month peak, trading at $0.00004074.
• Floki Inu launched TokenFi, its tokenization platform, and native asset, TOKEN.
• Floki has become the fourth most searched token on Binance.

Floki , a well-known memecoin, has been discussed in the crypto token community due to its remarkable performance and latest developments. It recently hit a five-month peak, trading at $0.00004074, representing a 24% rise in the last 24 hours. Over a week, it has experienced an exceptional increase of 105%.

During the same period, FLOKI’s trading volume experienced a significant surge of 93%, reaching $324 million. This positive trend is credited to a strategic alliance and a crucial update concerning tokenization. On October 24, a blog post revealed its collaboration with World Table Tennis, a prominent entity in the table tennis sphere. This collaboration aligns with the October 27 introduction of Floki’s new associated token, TOKEN.

Floki Inu has launched TokenFi, its tokenization platform, and its native asset, TOKEN. This move positions Floki Inu to participate in the burgeoning tokenization sector, which is expected to be valued at $16 trillion by 2030. The company has announced that it will reveal the TokenFi website on October 27.

Additionally, these advancements have pushed Floki into the top 100 cryptocurrencies based on market capitalization. Importantly, it has become the fourth most searched token on Binance, outpacing other well-known tokens such as PEPE , Solana , XRP , and Dogecoin . The increased attention is due to the expected launch of Floki’s crypto and asset tokenization token.

A strong bull run on the horizon?

Examining the recent price fluctuations of FLOKI, it’s clear that there’s a bullish trend. The 9-day exponential moving average (EMA) has surpassed the present trading price, stabilizing at $0.00002927. Concurrently, the daily relative strength index (RSI) is at 84, suggesting that the asset is significantly overbought.

Additionally, should FLOKI surpass the resistance level of $0.00004511, it will probably rally towards $0.00005510. Conversely, if the price falls beneath the crucial support level of $0.00002465, it will likely trend downward towards $0.00001961. A further decrease could result in the testing of the $0.00001643 support level.