The FLOKI coin is currently trading near $0.00010818 after a slight daily increase of about +1.10%, as the price moved during the trading session within a range between $0.00010142 – $0.00010815. This movement reflects relative stability in the market with moderate momentum suggesting the possibility of continuing the bullish trend in the upcoming period.
Technical indicators:
Moving averages: the price is trading above the short and medium averages, indicating strength in the bullish trend
Relative Strength Index (RSI): currently at around 46.92, indicating a neutral state without overbought or oversold conditions
MACD: The lines show positive divergence, supporting the continuation of the bullish momentum
Support and resistance levels:
First support: at $0.0001 represents a major support level
Second support: near $0.00009, losing it may indicate weakness in the bullish momentum
First resistance: at $0.00012, surpassing it may open the way for further gains
Second resistance: at $0.00015 represents a strong resistance level
Forecast: If the price continues to trade above the $0.0001 level, we may see a continuation of the bullish trend with potential targets towards $0.00012 – $0.00015 in the short term. However, if the support at $0.00009 is broken, we may witness a correction towards lower levels.
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