Floki Inu (FLOKIUSD) made a strong rebound from its April 08 bottom, which happened to be on the Higher Lows trend-line from its 2022 Bear Cycle Low. That was a major Buy Signal long-term and right now the price has found itself ranged within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line).
A break above its 1D MA200 would by the next Buy Signal as it would confirm the full extension of this Bullish Leg. This is similar to what took place on Phase 2 after the start of the previous Bullish Leg (November 2023).
That structure peaked at +2217% from the bottom. If the same price rally happens again, we can expect Floki to target 0.0010 by the end of the year, which will be marginally above the 0.5 Fibonacci level of the historic Fib Channel.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!