Market
Is Meme Coin Season Back? FLOKI Price Is Up In The Last 7 Days

FLOKI’s price has surged 287.29% over the past year and nearly 15% in the past seven days, making it the fifth-largest meme coin on the market. While its 7-day Relative Strength Index (RSI) remains neutral, the coin shows strong potential for further growth.
Additionally, the FLOKI Ichimoku Clouds indicate a bullish outlook for the coming weeks, suggesting the possibility of more price increases.
FLOKI RSI Reflects Neutral Momentum, but Room for Growth Remains
The 7-day RSI for FLOKI is currently at 51, indicating neutral price momentum over the past week. The RSI measures the speed and magnitude of recent price changes, operating on a scale from 0 to 100.
When the RSI reads above 70, it suggests that buyers have pushed the asset into overbought territory, which could lead to a price correction. On the other hand, when the RSI falls below 30, it indicates that sellers have oversold the asset, possibly making it undervalued and primed for a price recovery.
Read more: 12 Best Altcoin Exchanges for Crypto Trading in September 2024

With an RSI of 51, FLOKI is sitting right near the midpoint of the scale, signaling a neutral stance. This level indicates that the buying and selling pressures are fairly balanced. In other words, neither bullish nor bearish sentiment is currently dominating the market.
While the price is not in a high-risk zone for being overbought or oversold, this could suggest that FLOKI has some room to grow in the next weeks.
Ichimoku Clouds Paint a Bullish Scenario
The Ichimoku Cloud on FLOKI’s 4-hour chart offers insight into the current price movement and market sentiment. This technical indicator highlights potential support and resistance levels, trend direction, and momentum.
Currently, FLOKI’s pric is sitting above the cloud, or Kumo, which signals a bullish market sentiment. Since the cloud is green, it suggests FLOKI is in an upward trend, and the cloud could provide support if the price dips back toward it.
The Tenkan-Sen (blue line), also called the Conversion Line, reflects short-term momentum, and its position above the Kijun-Sen (red line), the Base Line, indicates that bullish momentum is dominant. Typically, when the Tenkan-Sen crosses above the Kijun-Sen, it’s seen as a bullish signal, confirming the possibility of continued price growth.

Additionally, the Chikou Span (green line), or Lagging Line, is positioned above the current price, further reinforcing the bullish outlook. This line reflects where the current price stands in relation to past price action, and when it sits above the price, it indicates that momentum is still favoring buyers.
In summary, the Ichimoku Cloud on FLOKI’s 4-hour chart signals a positive trend. The alignment of the Tenkan-Sen and Kijun-Sen, along with the green cloud and Chikou Span, all suggest that FLOKI may continue its upward trajectory in the near term.
FLOKI Price Prediction: Can It Double From Here?
FLOKI is approaching a critical resistance level around $0.0001651, a key area that has historically posed challenges for the token. If FLOKI manages to break through this resistance, it could signal a stronger bullish move, potentially driving the price toward $0.00034, its highest value since June 2024.
Such a breakout would indicate a major trend reversal, highlighting strong buying momentum and reinforcing the meme coin’s relevance in the Ethereum ecosystem.
On the downside, if FLOKI fails to hold its immediate support at $0.00011, there is a risk of further decline. The next support level is around $0.00009, which might offer temporary relief. However, if bearish pressure persists, FLOKI could drop to $0.000031, marking its lowest point since March 2024.
Read more: What Are Altcoins? A Guide to Alternative Cryptocurrencies

In summary, FLOKI appears to be at a pivotal moment. A break above $0.0001651 could open the door to further gains and strengthen its position as a leading meme coin, while failure to maintain support at $0.00011 could result in a steep decline, potentially revisiting early 2024 lows.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Bears Lead, But Bulls Protect Key Price Zone

XRP has experienced a significant downturn in recent price action, with its value dropping nearly 15% over the past seven days as bears maintain control of the market. The coin’s technical indicators are showing mixed signals, with the RSI rebounding from oversold territory while Ichimoku Cloud patterns continue to paint a predominantly bearish picture.
Despite yesterday’s test of the critical $2.06 support level resulting in a temporary bounce, the momentum remains negative, with short-term EMAs positioned below long-term averages. The move from extreme oversold conditions suggests XRP might be entering a consolidation phase before its next significant price movement.
XRP RSI Is Up From Oversold Levels
XRP’s Relative Strength Index (RSI) is currently at 36.37, showing a notable rebound from a low of 27.49 just a few hours ago. This upward shift indicates a shift in momentum, as buying interest has started to pick up after a period of heavy selling pressure.
Although still in the lower range, this recovery suggests that traders may be stepping back in. That could mean they are potentially viewing the recent dip as an opportunity.

RSI is a widely used momentum indicator that measures the speed and change of price movements on a scale from 0 to 100. Readings below 30 typically indicate that an asset is oversold and may be undervalued, while readings above 70 suggest it is overbought and could be due for a correction.
XRP’s bounce from 27.49 to 36.37 signals that it may have just exited oversold conditions. This could mean that the recent selling phase is easing. If the buying momentum continues to build, XRP might be entering the early stages of a potential recovery.
XRP Ichimoku Cloud Shows A Bearish Scenario
XRP’s Ichimoku Cloud chart shows that the price action remains below both the red baseline (Kijun-sen) and the blue conversion line (Tenkan-sen). That indicates the prevailing momentum is still bearish.
The candles are also forming well beneath the cloud, which reflects a broader downtrend.
When the price is under all major Ichimoku components like this, it typically signals continued downward pressure unless a strong reversal breaks those resistance levels.

Additionally, the cloud ahead is red and spans horizontally with a downward slope, reinforcing the bearish outlook in the near term. The thickness of the cloud suggests moderate resistance if the price attempts to move upward.
However, some consolidation is evident in the recent candles, showing that sellers may be losing some control.
For any potential trend reversal, XRP would need to break above the Tenkan-sen and Kijun-sen, and eventually challenge the cloud itself — a move that would require a clear uptick in momentum.
XRP Could Rise After Testing An Important Support Yesterday
XRP’s EMA lines are clearly aligned in a bearish formation, with the short-term averages sitting well below the long-term ones and a noticeable gap between them—highlighting strong downward momentum.
Yesterday, XRP price tested the support level at $2.06 and rebounded, showing that buyers are still active at that zone. However, this support remains critical. If it is tested again and fails to hold, XRP could fall further. Its next major support sitting around $1.90.

If the trend begins to shift and XRP breaks above the short-term EMAs, the first key resistance to watch is at $2.22. A successful move above this level could trigger a stronger recovery, potentially pushing the price toward $2.47.
If bullish momentum continues, the next upside target would be $2.59. For now, though, the EMA structure still leans bearish. XRP would need sustained buying pressure to flip the trend and aim for those higher resistance levels.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Market Cap Now Approaching $300 Million

SAFE has emerged as the best-performing altcoin of the day, with its price surging 5% in the last 24 hours and its market capitalization now close to $300 million. The coin is showing strong technical indicators despite some mixed signals from momentum oscillators that suggest consolidation may be on the horizon.
Technical analysis of the EMA lines remains bullish, with short-term averages positioned favorably above long-term ones, pointing to continued strength in the immediate term. However, recent RSI and BBTrend readings indicate a potential cooling-off period could be approaching as the asset digests its recent gains.
SAFE RSI Is Back To Neutral Levels After Reaching Overbought Levels
The SAFE RSI is currently at 54.71, maintaining a neutral position for the past three days after experiencing significant momentum earlier in the week.
This moderation in the indicator suggests that the previous buying pressure has subsided somewhat, allowing the asset to consolidate following recent price movements.
The current neutral reading indicates a balanced market where neither buyers nor sellers have a decisive advantage.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. Generally, an RSI reading above 70 is considered overbought, suggesting a potential reversal or pullback, while readings below 30 indicate oversold conditions that might precede a bounce.
With SAFE’s RSI recently peaking at 87 just four days ago, the asset was in strongly overbought territory, signaling excessive buying enthusiasm. The current value of 54.71 represents a significant cooling off from those extreme levels, suggesting that SAFE’s price could be entering a period of stabilization.
This moderation may provide a healthier foundation for sustainable price action moving forward, as the previous overbought conditions have been worked through without dropping into oversold territory. This potentially indicates underlying strength in the asset despite the retreat from recent highs.
SAFE BBTrend Is Still High, But Down From Yesterday
The SAFE BBTrend is currently at 13.6, maintaining a positive position for the last two days after reaching a peak of 19.39 yesterday.
This recent positive trend suggests that the price movement has been gaining momentum, though there appears to be some moderation from yesterday’s higher reading.
The continued positive BBTrend indicates that the asset is still showing strength, despite the slight pullback from yesterday’s peak value.

BBTrend (Bollinger Bands Trend) is a technical indicator that measures the strength and direction of a trend by analyzing the relationship between price and Bollinger Bands.
The indicator typically ranges from negative to positive values, with readings above 0 indicating a bullish trend and readings below 0 suggesting a bearish trend. With SAFE’s BBTrend at 13.6, this suggests a moderately strong bullish trend that could indicate potential for continued upward price movement in the near term for the altcoin.
However, the decrease from yesterday’s 19.39 peak might signal some slowing in momentum, potentially leading to consolidation before the next significant move higher.
Will SAFE Uptrend Revert Soon?
SAFE EMA lines are still bullish, with short-term lines positioned above long-term ones. This positive alignment of exponential moving averages indicates continued upward momentum in the price action.
If this uptrend momentum maintains its strength, SAFE could potentially climb to test the resistance level at $0.72.
Should this resistance be successfully broken, the next target would be $0.879. The altcoin could exceed $0.90 for the first time since January 19, sustaining its momentum as one of the most trending altcoins.

On the other hand, as indicated by the RSI and BBTrend indicators, the uptrend appears to be losing some momentum. This could signal a potential reversal in the near future.
If the trend does reverse, SAFE might test the nearby support level at $0.54, which sits precariously close to the current price.
Should this support level fail to hold, further downside could see SAFE decline to test subsequent support levels at $0.48 and $0.40. In a worst-case scenario, a drop all the way to $0.35 could potentially occur.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Trump Family Gets Most WLFI Revenue, Causing Corruption Fears

A new report claims that President Trump and his immediate family receive most of WLFI’s revenues. The Trumps are entitled to 75% of token sale revenues, about $400 million, and 60% of other incomes.
If these numbers are even partially accurate, they raise significant concerns about potential conflicts of interest. They also raise questions about the broader implications for transparency and accountability regarding Trump’s crypto policies.
Does the Trump Family Receive WLFI Proceeds?
World Liberty Financial (WLFI), a project affiliated with President Trump, has made a lot of waves in the crypto space since the end of last year. After persistent rumors of a Binance partnership, WLFI officially launched a new stablecoin, USD1. There is no clear evidence of Binance’s involvement in this launch. However, a new report from Reuters has disclosed some disturbing details.
Essentially, it claims that it has found evidence of how much of WLFI’s revenues go directly to Trump’s family. Trump will get 75% of revenues from token sales and 60% from subsequent operations. WLFI completed its major token sale, which would, therefore, entitle the Trumps to about $400 million.
Reuters calculates that 5% of proceeds from this token sale would actually fund WLFI’s platform, with the rest going to other co-founders. Further, its buyers are not able to actually resell their tokens, and it’s unclear what governance actions they could influence. There’s not an apparent reason for the average retail trader to actually buy these assets.
If these numbers are true, they could represent a serious conflict of interest and a dire threat to the US economy. First, community leaders like Vitalik Buterin warned of corruption from political meme coins like TRUMP. If Trump gets a cut of WLFI’s token sales, that’s already a huge avenue for misuse.
Additionally, since Trump is making huge changes to US financial regulators, there may not be anyone to investigate WLFI corruption allegations. For example, TRON founder Justin Sun invested $30 million into WLFI, and the SEC settled a fraud case against him months later. The SEC has been settling all its crypto enforcement actions, but this investment still looks relevant.
“You’ve got the guy in charge who is responsible for his own regulation. WLFI tokens would be the perfect vehicle for governments or oligarchs overseas to funnel money to the president,” former regulator Ross Delston claimed.
The biggest danger might not even come from political corruption or fears of centralization in crypto. Trump recently outlined a plan to use stablecoins to promote dollar dominance, and WLFI now has its own stablecoin. It also has around $111 million in unrealized losses due to its crypto investments and claims it will use “other cash equivalents” in USD1’s reserves.
It’s hard to overstate the potential risks involved. Given Trump’s financial stake in WLFI, there’s a clear incentive to promote the firm’s stablecoin as part of his “dollar dominance” agenda. If this leads to widespread investment in USD1 and the peg doesn’t hold, the consequences could ripple across the entire crypto market.
Simply put, this sort of business arrangement is totally unprecedented for a sitting US President. A few Senators are already investigating Trump’s connections with WLFI. However, their lack of political power and defanged federal regulators may hamper their ability to change anything.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.