Floki Inu (FLOKI) price shows a lack of buying pressure since late April, which has led to a steady downtrend. This move will continue until it hits a stable support level or a demand zone, where buyers can overwhelm the sellers. Under this circumstance, the spike in buying pressure could catalyze FLOKI to kickstart a run-up.
Floki Inu price shot up 70% on April 24, which pushed it above the range high at $0.0000420. As impressive as this run-up was, sellers began to book profits, leading to an undoing of the rally.
Shiba Inu wallet addresses holding nearly 186.38 trillion SHIB tokens are underwater at the current price level of $0.00001011. The meteoric rise in meme coins like PEPE has intensified the battle for dominance among Shiba-Inu-themed assets.
Shiba Inu, the second-largest meme coin in the crypto ecosystem is currently battling key resistance at $0.00001011. Based on data from crypto intelligence tracker IntoTheBlock, 186.38 trillion Shiba Inu tokens held by upwards of 143,000 wallet addresses are currently underwater.
Litecoin price has been wandering aimlessly around a critical level. Unable to successfully flip it or break down below it, LTC has been a boring coin to trade for investors. But with the third halving event happening in roughly three months, volatility could start to heat up.
Read more about Litecoin’s third halving event: Litecoin could display strong performance ahead of its next halving event
