On the 15-minute timeframe, the currency $FLOKI managed a strong rebound from the low of 0.00011433 up to the level of 0.00011892, with a clear dominance of buying momentum in recent hours.
🔍 Current key technical points:
The price is currently trading at 0.00011841 with a slight decrease (-1.30%) after a strong upward wave.
Breakout of the EMA20 and EMA50 averages, approaching resistance at EMA99 at 0.00011843.
The RSI and Stochastic momentum indicators indicate a near overbought condition, which may open the door for a short correction.
The MACD indicator remains positive, supporting the continuation of the upward trend in the short term.
📈 Positive scenario (rise):
If the price manages to hold above 0.00011850 with a breakout at 0.00011920, we may see a target towards levels of 0.00012050 – 0.00012180, with the possibility of recording new highs if accompanied by strong trading volume.
📉 Negative scenario (correction):
If the breakout fails and selling pressure persists, the price may retreat towards support at 0.00011765 or even 0.00011660, while breaking 0.00011538 will weaken the positive outlook and open the door for further decline.
💡 Summary:
The short-term trend still leans positive, but the current overbought condition may lead to volatility or correction before any new rise. The level of 0.00011920 remains key for the continuation of the upward trend.
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