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This token is up 33% despite the crypto market correction



As the correction in the cryptocurrency market continues, many coins and tokens are losing value. Bitcoin is down 8% and Ethereum is down 6.5%. Altcoins like Doge and Shiba are down 10%, while their main competitor FLOKI is up 33%.

This token ignores the current market correction

While the current market correction is largely based on a technical level, Floki's fuel builds on the announcement of a partnership with Kerala Blasters FC, one of the most popular football clubs in India.

So far, the background market and on-chain data have remained neutral for Floki. There have been no major transactions and the number of whales has decreased dramatically.

Although the initial pump could have started due to the announcement, the token did not rise a few percent until a few hours later, suggesting that the price rise is also followed by higher speculative interest.

Floki is consolidating ahead of the next resistance of $ 0.00021 at the time of writing, with trading volume up 76% with a price. However, the volume of the token cannot be properly tracked as the token is mainly traded through swap contracts.

Floki is trading at 35% growth which has made up for the last three minus days. Currently, Floki is at the end of October level, after which the token has been pumped another 100% to reach its current all-time high.

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