Floki, a piece of memes inspired by Elon Musk’s company dog ”Floki”, suddenly withdrew in January and formed a model of death, risking more drop in February.
Floki (Floki) fell to a hollow of $ 0,0001135 in January, its lowest level since August from last year. He dropped by more than 53% compared to his highest level in November.
Floki’s decline was in accordance with the performance of other pieces of memes like Dogecoin (DOGE), Shiba Inu (Salogner), and pepe (Pepper).
The accident also occurred in a month when Floki incinerated more than 5.8 billions of parts. In the past three months, he has burned 2.46 billion tokens worth $ 330,000, and in the past twelve months, he has burned 100.9 million.
Since its creation in 2021, Floki has burned 5.87 billions of parts, leaving those in circulation at 4.1 Billions. These burns occur when the tokens are moved to an accessible address. Their objective is to reduce the number of coins in circulation and to stimulate their value.
Floki has also dropped despite some important news on the ecosystem. For example, the token was added to Coinbase, which makes it available to New York residents. Coinbase also took advantage of pieces even as Gigachad and Turbo to New York residents.
In addition, as shown below, two Floki whales continued to buy the dive as the room fell. The second largest Floki holder bought 214 million additional tokens, while another acquired 253 million.
The next key price catalyst for Floki will be the next launch of Valhalla on the Mainnet.
Valhalla is a game game with more than $ 43 million in cash that will feed its game economy. Its goal is to increase the use of Floki during the transition from a piece of the same to a coin.
Floki price analysis
The daily graphic shows that the Floki Prix has formed a double high model at $ 0.0002,840 in November and December. This is a very low -cut pattern made up of two peaks and a neckline, which is $ 0,000,2050.
The other Lower Floki model, a cross of death, occurred when the 200 days and 50 days mobile averages crossed. He also formed a series of lower stockings and lower ups.
Consequently, more drawbacks will be confirmed if the Floki price blocks below the key support at $ 0,0001135. This is a remarkable price because it was its lowest point since July of last year.