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The Floki (FLOKI) price is up 27% in the past week, per data presented by CoinMarketCap, having recovered to $0.157 per token and a market capitalization above $1.5 billion.
That means the Floki price is up an impressive 61% from earlier monthly lows in the $0.00009s.
That’s impressive stuff, but the gains could only just be getting started.
Indeed, the Floki price has just broken out of a key medium-term technical downtrend in play since June.
If it can overcome its 200DMA in the $0.00017 area, a swift move higher is possible.
Bulls would be targeting the July highs at $0.00021, a 35% rally from current levels.
The next major bullish target would be a retest of the all-time highs printed in June at $0.00035.
That would mark a 120% rally from current levels for Floki.
Floki Price Could Hit New All-Time Highs, But This Alternative Could Be Better?
With the start of Fed interest rate cuts less than one month away, meme coin season could soon come back in force.
This, combined with the FLOKI price’s strong technical setup, could see it surge to fresh all-time highs.
FLOKI could even go on to become a $10 billion meme coin, which could mark gains of as much as 6x from current levels.
But some meme coin traders will be looking for tokens with bigger upside potential.
One new meme coin that analysts at Cryptonews.com are big fans of is an exciting new meme coin staking protocol called Crypto All-Stars (STARS).
The exciting new meme coin is currently in presale, already raising over $800,000.
Cryptonews.com’s in-house presale analyst Chester discusses in the below video why he thinks STARS has huge potential.
