$FLOKI
Short-term price action shows FLOKI slowly recovering after an early sharp decline, where the token rebounded from the $0.0000470 to $0.0000480 zone before attempting an upward push. The structure on the 1-hour chart has shifted from volatile declines to the formation of consistent higher lows, hinting at improving sentiment among short-term participants. Despite this, price action near the $0.0000500 level shows clear rejection, suggesting that buyers are struggling to break through a nearby supply zone that has capped momentum.
Across the mid-range portion of the chart, the coin entered a tight horizontal consolidation pattern, highlighting reduced volatility and a temporary balance between buying and selling pressure. This sideways movement began after bulls attempted a breakout around the 25th, but follow-through remained limited and quickly lost strength. While the trend remains mildly bullish within the short-term structure, the lack of aggression from buyers prevents any strong directional shift from taking hold.
Open interest mirrors this cautious behavior, declining during the initial sell-off and flattening during the consolidation phase between 2.55 million and 2.60 million. This drop in open interest is consistent with reduced leveraged positioning, often signaling caution or partial profit-taking from speculative traders. As memecoin approaches resistance again, the falling open interest highlights a lack of conviction behind the latest push, suggesting that any breakout above $0.000050 will likely require renewed liquidity and a larger inflow of fresh positions.
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