Welcome to Extreme Investor Network, where we provide you with the latest insights and analysis on the stock market, trading, and all things Wall Street. Today, we are taking a closer look at two trending cryptocurrencies, BONK and FLOKI, and their potential price movements in Q4 2024.
Starting with BONK, current technical indicators suggest that the cryptocurrency is set for continued growth in the fourth quarter of 2024. The Parabolic SAR is signaling a bullish trend, with indicators positioned below the price action. The Bollinger Bands indicate heightened volatility as BONK’s price approaches the upper band, suggesting further upward movement. While the Relative Strength Index (RSI) is above 70, signaling overbought territory and a potential short-term pullback, long-term projections for BONK remain bullish, with key resistance levels around $0.00022 and $0.00023, and a primary support level of $0.00018.
Next up is FLOKI, named after Elon Musk’s Shiba Inu dog, known for its Viking-themed branding and aggressive marketing strategies. FLOKI has quickly gained popularity since its launch in mid-2023, building a strong community through charitable initiatives like building schools in developing nations. With a 26.3% increase in the past week, FLOKI is emerging as a top contender among the new wave of memecoins.
Looking ahead to Q4 2024, FLOKI’s current market cap of $1.63 billion positions it well for growth. The cryptocurrency is benefiting from community growth, Ethereum’s rising prominence, and recent exchange listings that have increased its accessibility. FLOKI’s strategic campaigns and strong branding continue to attract users, setting it up for potential success in the coming months.
Stay tuned to Extreme Investor Network for more updates and in-depth analysis on the ever-changing world of trading, cryptocurrencies, and investments. Keep ahead of the game with our unique insights and expert perspectives.