FLOKI is grabbing attention after a remarkable streak of positive developments, most notably its Coinbase listing on the Ethereum network.
This milestone coincided with the memecoin’s Total Value Locked reaching a record $189.8 million, underscoring its surging adoption.Moreover, the 24-hour trading volume has skyrocketed by 148.19% to $1.39 billion, indicating heightened interest from traders.Floki’s price action revealed a bullish breakout from a flag pattern on its weekly chart. This breakout often signals the beginning of a strong upward trend.
The Relative Strength Index added more optimism to the analysis, standing at 64.18 at press time. While the RSI is inching closer to the overbought zone, it still indicated room for additional priceThe on-chain metrics further supported FLOKI’s bullish narrative. Net Network Growth was up 2.53%, signaling that more participants were entering the ecosystem.
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