💡 Quick technical analysis:
✅ Notable rebound! After dropping to 0.00007955, FLOKI quickly rebounded to 0.00008066, indicating clear buying interest and strong rejection of lower prices.
✅ RSI is balanced! The Relative Strength Index (RSI) is at 53.16, meaning we are still in neutral territory, which allows room for further upward movement before entering overbought territory.
✅ MACD indicates potential positive momentum! The convergence between the MACD lines and the appearance of green candles on the volume all suggest that a bullish crossover may be imminent.
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🚀 Expected scenario:
If FLOKI manages to break the nearby resistance at 0.00008150 - 0.00008289, we may see an upward movement to levels of 0.00008500+.
In the event of a pullback, the area of 0.00007955 represents strong support - breaking it could lead to testing lower areas like 0.00007800.
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📊 Indicator and candle analysis:
The volume has seen a strong increase coinciding with the bounce, supporting the likelihood of smart liquidity entering.
The stochastic indicator (K% at 62, D% at 51) indicates good buying momentum with the possibility of continuation.
The last candle on the 4-hour frame shows a "bullish engulfing" - a positive reversal candle!
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💬 My personal opinion:
FLOKI shows strong technical recovery signals. The overall pattern suggests the end of a potential correction wave and the beginning of an upward wave, especially with the price holding above strong support and positive momentum appearing in the indicators.
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✅ Final advice:
Watch the area of 0.00008250 - 0.00008500 closely, as it is currently the bottleneck.
Use a stop loss below 0.00007900 to avoid any sudden fluctuations.
Make sure there are confirmed signals on smaller frames (like 1H) to strengthen the entry decision.
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📢 Do you think FLOKI will surge again to higher levels? Or is this just a temporary bounce? Share your opinion in the comments!