FLOKI has revisited the early March highs but has not been able to break out.
The average age index indicates network accumulation across the ecosystem in 2025.
According to recent analysis, FLOKI could drop by 40% on the chart. In fact, the memecoin has lost 20.9% of its value compared to its peak on April 30 at $0.0000949.
Currently, FLOKI seems to be heading towards a bullish block to serve as support. This demand zone is 7% lower than the current market price.
Source: CoinMarketCap
The memecoin market has generally lost $5 billion in market capitalization over the past ten days.
Daily trading volume has also decreased by more than 20% during this same period. Therefore, FLOKI is not alone in this decline.
Long-term investors may want to add to their portfolio.
Source: Santiment
On-chain indicators may bring hope to investors. At this moment, while the price action suggests a potential range formation, the average age of the coin (180 days) is steadily increasing in 2025. This could indicate that long-term holders have not moved much of their FLOKI. This may also signal HODLer behavior and bullish sentiment.
Meanwhile, the daily active address and trading volume indicators are relatively low compared to the levels they reached in November and December 2024. The number of transactions has increased over the past two weeks, accompanied by short-term holders selling as the price rose 64% from April 18 to April 30.
Source: FLOKI/USDT on TradingView
The 1-day price chart reveals a long accumulation phase that FLOKI has experienced since March. It challenged the highs from early March but could not break through this resistance level.
Interestingly, this level is the 78.6% Fibonacci retracement, drawn based on the price surge in February and March 2024. The fact that FLOKI has corrected all of last year's gains is not a good sign for investors.
After a year where Bitcoin (BTC) surged from $50K to touch $108K, FLOKI increased by 1,163%, but then corrected nearly 80% of those gains. This may cause investors to think carefully, despite convincing arguments from price charts and indicators.
Source: https://tintucbitcoin.com/floki-va-vung-cau-thuc-day-gia-tang-manh/
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