$FLOKI

Technical Analysis of FLOKI (FLOKIUSDT)

Indicator Signals:

- MACD: Line above signal line, positive histogram, moderate bullish momentum.

- RSI: Overbought (72.27), potential short-term selling pressure.

- Moving Average: Last price above SMA_5 and SMA_20, below SMA_200, short-term bullish trend in a broader bearish context.

Overall Trend Patterns and Future Projections:

- Uptrend began April 15, 2025, +55.29% increase.

- Recent price decline and reduced volume suggest potential rebound, but trend reliability weak.

Pivot Levels:

- Price near fibonacci_R1 resistance (0.00008750).

- Targets: fibonacci_R2 (0.00009561), fibonacci_R3 (0.00010872).

- Support: fibonacci_S1 (0.00006127), fibonacci_S2 (0.00005316).

Volume Analysis:

- Price decline with decreasing volume suggests lack of strong selling pressure, potential rebound.

- Overall trend fragile, sustained uptrend confirmation needed.

Recommended Action:

- Monitor indicators and pivot levels.

- Consider short-term buying opportunities if price rebounds.

- Confirm sustained uptrend before making long-term investments.

Monitor the price action near the fibonacci_R1 (0.00008750) resistance if you currently hold positions. Consider partial profits if the price struggles to break this level, especially given the overbought RSI. Maintain a stop-loss below the SMA_5 (0.00008225) to protect against downside risk.

If you don’t own the asset, avoid entering due to the overbought RSI and resistance. Wait for a pullback towards fibonacci_S1 (0.00006127) or a confirmed breakout above fibonacci_R1 (0.00008750) with strong volume before considering a position. Set a stop-loss to mitigate potential losses if the broader bearish trend resumes.