FLOKI Soars 28% – Will Rally Continue or Stall?

The meme coin FLOKI surged 28% in a single day, breaking past $0.00011 after hitting a high of $0.0001144. Trading volume skyrocketed by 293%, reaching $381.8 million. While the overall cryptocurrency market gained 1.69% recovery, neutral sentiment is apparent in the market with both green and red flags waving across crypto assets. The meme coin’s market cap reached $82.6 billion after a slight dip. 24-hour trading volume saw explosive growth, indicating increased investor participation. FLOKI’s price action has exceeded crucial resistance levels, reaching above $0.00008543 and $0.0001139. At press time, it traded around $0.0001109 with a market cap of $1.08 billion. 293% trading volume shows the impact of investor interest on FLOKI’s price action.