FLOKI shot up by 6.37% to hit $0.0000334 in the past 24 hours, significantly outperforming the overall market rally, which is mainly driven by a resurgence of interest in meme coins. It's showing strong alpha, moving independently of Bitcoin's 3.1% climb.
Main reason: Sector rotation towards meme cryptocurrencies, with FLOKI leading as a high beta asset amid improving market sentiment.
Secondary reasons: Positive beta effect linked to a Bitcoin rise driven by macroeconomic factors, itself fueled by geopolitical de-escalation and sustained capital inflows into ETFs.
Short-term market outlook: if FLOKI holds above 0.000031 $, it could test the 0.000035 $ zone again; a breakdown below 0.000030 $ could signal momentum exhaustion and a pullback towards the 30-day simple moving average near 0.0000288 $. $FLOKI
FLOKI0.00003539+3.60%