The FLOKI coin is currently trading at $0.00009912 after recording a decline of 5.82% over the last 24 hours, reflecting a natural correction after the recent price surge. The market capitalization of the coin is around $1.6 billion, while the daily trading volume has reached approximately $122 million, indicating continued good liquidity supporting price movement in the short term.
Technical Analysis:
FLOKI is experiencing natural volatility with a corrective movement following a previous strong price rise, as the price begins to test an important support area at $0.000095 - $0.00010, which is a pivot point that could provide rebound strength if maintained.
The Relative Strength Index (RSI) is moving near 46, indicating neutrality with a tendency for overselling.
The MACD indicator shows a negative crossover, reflecting short-term selling pressure.
The 50-day moving average price is currently trading below it, making it crucial to maintain support to regain momentum.
Support and Resistance:
First support at $0.000095; breaking it may open the way towards $0.000085.
First resistance at $0.000105, breaking it strengthens the bullish trend, and the second resistance at $0.000115 is a short-term target if buying momentum returns.
Forecasts:
If FLOKI maintains the support at $0.000095 - $0.00010, it is expected to see a rebound towards levels of $0.000105 - $0.000115, but losing this level could pressure it further towards $0.000085.
In summary, the FLOKI coin is currently in a phase of testing a pivotal support, and the next movement will depend on the strength of this level; a strong rebound could open the door for a short-term rise, while a break will lead to a deeper correction wave.
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