Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, above $0.00013 resistance, which could signal at least a temporary bullish trend reversal with +30% upside potential to $0.00017. Stop Loss at $0.000115.
This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
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FLOKI Crypto Price Analysis
- Current Price: $0.000151
- Market Cap: $1.47 billion
- 24h Trading Volume: $262.75 million
- Total Supply: 10 trillion FLOKI
- Circulating Supply: 9.58 trillion FLOKI
Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher.
Weekly Price Analysis
- 7-Day Change: +31.88%
- Week Open Price: $0.000115
- High Price: $0.000151
- Low Price: $0.000115
- Trend: Short-term trend is Up, Medium-term trend is Strong Down and Long-term trend is Strong Down.
- Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
- Support and Resistance: Nearest Support Zone is $0.00013, then $0.0001. Nearest Resistance Zone is $0.00019, then $0.00027.
Technical Indicators
- RSI (Relative Strength Index): 72 (Overbought)
- MACD (Moving Average Convergence Divergence): Positive divergence indicating bullish momentum
- Bollinger Bands: Price close to the upper band
News Roundup
- Partnerships: FLOKI announced a new partnership with a leading NFT marketplace, aiming to boost its ecosystem’s utility.
- Community Growth: FLOKI continues to grow its community, now surpassing 450,000 holders globally.
- Development Updates: The team is making progress on “Valhalla,” FLOKI’s NFT gaming metaverse, which is expected to launch beta testing in Q4 2024.
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