- The Floki Inu (FLOKI) price is under pressure, dropping by 0.8% as investors shift their attention to a new GambleFi token, Mega Dice (DICE).
- Despite the recent drop, chart analysis suggests a potential near-term push higher for FLOKI.
- Investors are also showing interest in the presale of the DICE token, a utility token from the well-established Mega Dice Casino.
As FLOKI price drops, investors are turning their attention to the new GambleFi token, DICE. Despite the downturn, FLOKI shows potential for a near-term push higher.
FLOKI Price Under Pressure
The Floki Inu (FLOKI) price is under pressure on Monday as weekend optimism in the crypto market succumbs to caution, with investors instead stacking an exciting new GambleFi token called Mega Dice (DICE). FLOKI was last down close to 5% on the day and trading just to the south of $0.00018. The meme coin has once again found strong resistance at its 50DMA, suggesting the bulls are yet to regain control.
Potential for Near-Term Push Higher
Chart analysis suggests things are looking good for a potential near-term push higher. In late April, the Floki price snapped its downtrend from its March highs. It then proceeded to find strong support at this prior downtrend at the start of May, which is a very bullish sign. Additionally, the Floki price appears to have spent the last few weeks forming an ascending triangle, which tends to form ahead of bullish breakouts. Assuming FLOKI can soon burst above $0.00020, a quick retest of March highs above $0.00030 would be possible.
Investors Turn to Mega Dice (DICE)
Crypto investors looking for investments with greater upside potential than Floki should check out presale investing. One project that analysts at CoinOtag are a big fan of is Mega Dice Casino. This already well-established crypto casino has launched a presale of its utility token, DICE. DICE holders get big cashback benefits on their wagers and can generate passive income via DICE staking. The crypto casino is also running a $750,000 airdrop to reward early presale investors.
Conclusion
While FLOKI’s price is currently under pressure, chart analysis suggests a potential for a near-term push higher. However, investors are also showing interest in the new GambleFi token, DICE, from the well-established Mega Dice Casino. As the crypto market continues to evolve, investors are advised to stay informed and consider various investment options.
