- With the market still experiencing a bearish bias, Floki rose by 6.37% in 24 hours.
- Floki investors, especially whales, got increasingly bullish in the lead-up to Stockwits’ marketing campaign
Over the past day, after the market recovered, Floki [FLOKI] has surged from $0.000092 to $0.000101 hiking by 9.78%.
In fact, as of this writing, Floki was trading at $0.0001005. This marked a 6.37% increase on daily charts.
Prior to these gains, the memecoin had been on a downward trajectory, declining by 17.83% over the past week.
The recent price pump raises major questions regarding what’s behind the price recovery. There are two major reasons behind the uptick.
A major reason could be Floki’s Stocktwits marketing campaign, which is set to start on the 5th of February. Floki’s official X page announced that,
“With over 8.2 million impressions, the campaign will showcase the Floki Trading Bot to an audience of active traders, investors, and financial enthusiasts”.
What Floki charts suggest
According to AMBCrypto’s analysis, Floki was seeing increased buying activities at press time, as upward momentum started to build.
Source: IntoTheBlock
This buying pressure was highly prevalent among whales. As such, whale inflow has surged by 187.41% over the past day, with large holders inflow rising from 53 billion to 153 billion.
So, large holders were increasing their capital inflows as they continued to accumulate.
Source: MobChart
This buying pressure was further confirmed by Floki’s order imbalance. According to MobChart data, there are more buy orders than sell orders.
As such, over the past two days, more buyers have entered the market outpacing sellers.
With more buyers in the market, it implies that investors have turned to accumulate the dip and expect prices to recover.
Source: TradingView
Finally, increased buying pressure has strengthened the upward momentum. The buildup to the upside was further evidenced by the fact that Floki was closing in to make a bullish crossover on the Relative Vigor index and Stoch RSI.
A bullish crossover here will validate the uptrend and set the memecoin for more gains.
Read Floki’s [FLOKI] Price Prediction 2025–2026
Simply put, Floki is currently experiencing high buying pressure with buyers dominating the market.
If the positive sentiments observed over the past 48 hours hold, the memecoin could reclaim $0.00011 and then attempt $0.00012 resistance. However, a pullback here could see it drop to $0.000094.
