๐ถ Floki Makes a Splash on Robinhood โ But Watch the Charts! ๐๐
On Aug 13, $FLOKI jumped 6%, hitting headlines as it debuted on Robinhood, opening access to 25M+ retail users. ๐ A โhuge step forwardโ for the memecoin space, yet the charts tell a mixed story.
After a 9% dip on Aug 12 to $0.00001069, trading surged โ 24h volume up 51% โ signaling strong market activity. ๐
๐น Technical outlook:
- Bearish inverted flag & pole pattern forming
- Supertrend still red
- RSI ~46 โ neutral
- Key levels: $0.00001055 (daily close trigger), $0.000009746 (support)
๐ธ On-chain flows:
- $1.16M FLOKI moved to exchanges in 24h โ potential selling pressure
- Liquidations favor longs: $47.46K wiped vs $20.63K shorts
- Critical clusters at $0.0001051 (lower) & $0.0001143 (upper) โ potential for sharp swings if breached
Bottom line: Robinhood listing is bullish for exposure, but technicals suggest caution. Traders, keep an eye on key support levels and liquidation zones. โ ๏ธ