Floki inu looks all set for a breakout on the charts. The crypto has been forming bullish pattern on the charts.
Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher.
Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
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FLOKI Crypto Price Analysis
- Current Price: $0.00013
- Market Cap: $1.21 billion
- 24H Trading Volume: $165.1 million
- Circulating Supply: 9.58 trillion FLOKI
- Total Supply: 10 trillion FLOKI
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +30% upside potential to $0.00017.
Price is now retesting that breakout level. Stop Loss at $0.000115.
Weekly Price Analysis
- 7-Day Change: +2.58%
- Week Open Price: $0.000126
- High/Low Price of the Week: $0.00013 / $0.0001
- Trend: Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
- Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $0.0001. Nearest Resistance Zone is $0.00019, then $0.00027.
Key Indicators
- Relative Strength Index (RSI): 45 (neutral zone, indicating a balanced market)
- Moving Average Convergence Divergence (MACD): Slightly positive, indicating minor bullish momentum
- Bollinger Bands: FLOKI price is hovering near the lower band
FLOKI is maintaining a steady upward trend with modest gains over the past week, bolstered by strategic partnerships and marketing campaigns.
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