- Floki Inu partners with Baroda Premier League to boost visibility in India
- FLOKI price consolidates near resistance; traders await decisive breakout move
- Technical indicators suggest weak momentum despite rising trading volume
Floki Inu, the popular memecoin project, has announced a major partnership that is turning heads across both crypto and sports industries. The project, along with its much-anticipated flagship game Valhalla, has become an official partner of the Baroda Premier League 2025. This cricket tournament, scheduled from June 15 to 29, will air 24 matches on Star Sports Khel and Fancode.
The collaboration marks a strategic step forward in FLOKI’s effort to expand its global brand visibility, especially in cricket-loving regions like India. This partnership signals FLOKI’s push into mainstream entertainment and live sports, reaching millions of fans and potential users.
FLOKI Price Remains in Consolidation Despite Buzz
While the partnership news creates excitement, FLOKI’s price movement remains cautious. At press time, the token trades at $0.00008571, reflecting a 1.51% gain over the past day.
The current market cap stands at $825.01 million, with a 24-hour volume of $68.6 million, up 35.86%, indicating rising interest. FLOKI’s circulating supply is 9.62 trillion tokens, which keeps the price volatile.
However, technical analysis presents a mixed picture. As per Crypto_Jobs TA & FA , an analyst analysis, the price is consolidating within a neutral triangle, offering no clear direction. This suggests traders are waiting for a breakout before committing to large positions.
Analysts recommend caution until a move above $0.00008500 is sustained. Key resistance levels are stacked at $0.00008600, $0.00008910, and $0.00009400, while support lies between $0.00007000 and $0.00008175.
Related: Floki Inu (FLOKI) Surges Over 30% In a Week as Analysts Anticipate Breakout This Weekend
Technical Indicators Show Weak Momentum
The MACD indicator remains neutral but leans slightly bullish. The histogram is flattening, and the signal lines are slowly converging. This setup often precedes larger moves but lacks strength right now.
Similarly, the Relative Strength Index (RSI) sits at 46.64, just below the 50-neutral line. This suggests a phase of indecision, or possibly quiet accumulation before a stronger trend.
In terms of derivatives, total open interest for FLOKI sits at $3.2 million, all in perpetual contracts. A 0.89% drop in the past 24 hours reflects low confidence. Interestingly, OKX leads with $2.5 million in OI, followed by Huobi and dYdX. Despite this, market participation seems thin, with some platforms showing negligible or zero share.
Related: Floki Price Prediction for June 2025: Downtrend Deepens As Bears Break Key Support Zones
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
