📈 Floki (FLOKI) has surged by 10.12% over the past 24 hours, trading at $0.00017, indicating potential for further gains.
📊 The MVRV ratio, which compares market value to realized value, currently stands at -36.34% for FLOKI. This suggests that holders bought at a higher average price recently, making selling at current levels a loss-making proposition.
💡 Historically, when FLOKI's MVRV ratio was similarly low, significant price increases followed. For instance, in February, with an MVRV of -18.73%, FLOKI surged over 300% within a week.
🚀 Given these historical patterns, if FLOKI follows a similar trajectory, a potential 100% increase to $0.00034 within a month could be feasible, barring significant market corrections.
⚙️ Analyzing the IOMAP reveals that significant support lies around $0.00016, where 1,140 addresses hold nearly 36 billion FLOKI. This support level could prevent sharp price declines.
🔍 Looking forward, if buying pressure persists, FLOKI could initially target $0.00019. Further bullish momentum could potentially propel it towards its previous all-time high.