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- Floki crypto gets live on Revolut Business, which makes buying this cryptocurrency easy in Europe.
- The price of the Floki crypto has advanced by 24.8% in the last seven days.
Revolut is the biggest retail trading app in Europe, with over 40 million users from more than 150 countries. The Floki crypto got listed on this app, which will now make the crypto easily available to a larger number of users.
This might result in a surge in trading volume in crypto and lead to a surge in crypto liquidity.
The following launch on Revolut is also stated by Floki on its official X page.
#FLOKI IS NOW LIVE ON REVOLUT BUSINESS!
— FLOKI (@RealFlokiInu) May 15, 2024
Revolut is the biggest neobank and retail trading app in Europe, with 40 million+ users in 150+ countries.
The Revolut Business listing makes it easy for businesses across Europe to buy $FLOKI and will accelerate Floki's vision of… pic.twitter.com/FD9tcO6WFi
The value of the traded volume of the Floki crypto has also advanced by 8% over the last 24 hours from the press time. Despite the surge in volume, the market cap has witnessed a slight decline of 1.8%.
The market cap value of the Floki crypto is $2.078B, which makes it the 53rd largest cryptocurrency in the global crypto market. Moreover, the volume/market cap ratio of crypto is 46.06%, which shows huge liquidity.
Moreover, the circulating supply of the crypto is 9.557T FLOKI, followed by a total supply of 9.707T FLOKI. Moreover, the fully diluted market cap of the crypto is worth $2.11B.
The sentiment of the crypto price is bullish, as per Coincodex, and the fear and greed index is at 70, indicating greed. Moreover, the trading price of the crypto is highly volatile, resulting in a volatility of 10.59%.
Despite this, the supply inflation of the crypto is negative, resulting in -1.58%, followed by a market cap dominance of 0.09%.
Floki Crypto Derivatives Data Overview
The derivatives volume chart of the Floki crypto by Coinglass shows the advancing volume of the crypto in the last few days.
Also, over the last 24 hours, the derivatives volume has advanced by 17%, resulting in a traded value of $356.42M.
The open interest of the crypto further has declined by 6.8%, and the long/short ratio of the crypto is 0.9566, indicating sellers’ dominance. Also, the reported long liquidation for the crypto is worth $356.42M.
Despite the surge in the derivatives volume, the open interest might decline by 6.8%. That shows that traders are closing their positions in the crypto.
FLOKI Crypto Technical Analysis
The FLOKI crypto price has broken above the symmetrical triangle pattern and is consistently leading to higher levels with strong momentum.
The crypto price broke out above the pattern on 04th March 2024, then retraced to the breakout level, which further broke out above the swing high of the breakout swing.
FLOKI/USD Chart by TradingView
The 20–and 50-day EMAs are trading in a bullish cross, followed by the 50-day- and 200-day EMAs, which are trading in a golden cross. The price of the FLOKI crypto also has broken above the following EMAs and is leading towards higher levels.
The MACD is entering the bullish trajectory, with its metrics trading in a bullish cross. The histograms are also bullish, which supports the buying momentum.
The RSI has advanced above the 14-day SMA and is sustaining above the 50-level, which shows a bullish trend.
Summary
With Floki crypto’s recent listing on Revolut Business and strong trading volume, supported by a growing user base, bullish sentiment prevails.
Despite minor market cap fluctuations, liquidity remains robust. Technical analysis indicates a breakout from a symmetrical triangle pattern, with EMAs signaling upward momentum and MACD and RSI supporting bullish trends.
The support levels for the FLOKI crypto are $0.0000510 and $0.0001130. The resistance levels of the crypto are $0.000250 and $0.000290.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
