The post Why Floki Inu Price Is Up Today? appeared first on Coinpedia Fintech News
Floki price is back in the spotlight as its price jumps 2% today, rebounding after an early surge above $0.000089. The token’s rally comes on the heels of a major milestone, the launch of its first exchange-traded product (ETP) in Europe.
With this, Floki becomes the first BNB Chain-based project besides BNB itself to secure such a listing, sparking renewed optimism across the market.
Valour Floki ETP Goes Live in Europe
The excitement began when Valour, a subsidiary of DeFi Technologies, announced that its Valour Floki (FLOKI) SEK ETP had gone live on Sweden’s Spotlight Stock Market. This platform already hosts several crypto ETPs, and Floki’s addition marks a breakthrough for the meme coin sector. The launch follows Valour’s broader rollout of crypto products, including those for Pepe, Optimism, and Quant, but Floki’s entry stands out for its pioneering role on the BNB Chain.
This development comes shortly after Floki became the first MiCA-compliant token in Europe, following the submission of its white paper to the European Securities and Markets Authority (ESMA) in July. Together, these steps underscore Floki’s move toward institutional adoption and regulatory legitimacy, two key factors that could drive its next growth phase.
Market Cheers Bullish Q4 Setup
As Bitcoin soars past $120,000, the broader crypto market is catching fire, and Floki is riding the wave. The token hit $0.000089 before settling near $0.000086, posting a 2% gain in 24 hours and 9% over the week. Analysts believe the project is entering a bullish accumulation phase, with potential targets around $0.00011 and $0.00015, signaling a possible 70% rally from current levels.
Technical indicators add to the optimism. The MACD indicates a potential bullish crossover, and if the Relative Strength Index (RSI) rises above its neutral 45 reading, a strong upward reversal could follow.
Also Read : Altcoin Season Has Started: 6 Reasons October Is the Last Chance to Buy ,
Analysts Eye Strong Upside Momentum
Crypto analyst Captain Faibik believes FLOKI’s rally is just beginning. He points to strengthening technical signals and spillover demand from the broader market as catalysts for the next leg up.
With Floki now featured across major exchanges like Binance, Coinbase, and Robinhood, the meme coin has cemented its place as the top BNB-linked token.
If bulls manage to push past the key resistance at $0.00015, analysts say FLOKI could target $0.00025 next, marking a powerful comeback for the Viking-inspired token as Q4’s bullish cycle unfolds.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Floki’s price is rising due to the launch of its first Exchange-Traded Product (ETP) in Europe and positive technical indicators aligning with a broader crypto market surge.
Analysts suggest Floki could rally towards $0.00015, a key resistance level. A break above this could potentially target $0.00025 in a strong bullish market.
Floki shows potential with recent institutional adoption and bullish technical signals. However, like all cryptocurrencies, it carries high risk and volatility.