Flock.io (FLOCK) price surged sharply on September 9 after its listing on Coinbase’s decentralized exchange (DEX). According to CoinMarketCap, FLOCK was trading at $0.431217 at the time of writing, up 61.19% in 24 hours, with a trading volume of $465.63 million.
The listing opened direct trading between Base and Coinbase, making it easier for traders to move tokens. This boosted demand and triggered a strong breakout.
According to Tradiview data on a four-hour chart, earlier this month, FLOCK was ranging sideways between $0.25 and $0.30, with hardly any volatility. But today, on the 9th of September, a sharp breakout was witnessed as FLOCK almost touched $0.75 before returning to nearly $0.42.
As the price broke out, the Relative Strength Index (RSI) surged close to 70, which usually indicates high buying activity. However, it later cooled down to 56.94.
FLOCK also broke above the Chikou Cloud indicator showing a bullish signal. Still, prices are now hovering near the conversion line, making it impossible to be sure of the next move.
Whale Activity Signals Strong Confidence
According to analyst Jeff G7 on X, “The amount of $Flock in the top 100 wallets has increased by 8%… Get ready for a strong price increase.” The token, which was recently listed on Coinbase, is gaining traction as whales consolidate their positions.
The analyst shared a chart that shows that the top 100 wallets, holding around 70% of FLOCK’s supply, increased their holdings by 8.49% in the past 30 days, now totaling 202.33 million tokens.
At the same time, exchange balances plunged 39.69% to 47.83 million tokens, indicating that more investors are holding tokens off-exchange.
FLOCK’s Expanding Ecosystem
Flock wants an AI ecosystem that respects privacy at its core. Hence, it partnered with companies like GSR.io to develop privacy-preserving AI models for trading.
Animoca Brands and Eden Web3 are taking advantage of FLOCK federation learning for Web3 work. The platform is further assisting the Aptos Foundation for the latter’s AI developer tools project.
FLOCK’s price jump, whale accumulation, and expanding partnerships suggest rising confidence, positioning the project for potential long-term growth.
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