đ¶ FLOKI Bulls Take Charge â Over 1 Billion Tokens Accumulated by Whales
FLOKI price breaks a falling wedge pattern, indicating a bullish rise.
Large wallets hold 1.23 billion FLOKI tokens since Friday.
Monday saw FLOKI's largest open interest of the year at approximately $50 million.
After breaking above a falling wedge formation on Tuesday, FLOKI (FLOKI) price is around $0.0000827, suggesting additional higher. Large wallets have acquired approximately 1.23 billion FLOKI coins since Friday, indicating trading confidence. The meme coin's Open Interest (OI) reached around $50 million, its highest level this year, encouraging bullish signs.
FLOKI bulls lead as wallet accumulation and open interest hit annual highs.
As large-wallet holders increase, Santiment's Supply Distribution metrics confirm FLOKI's positive forecast.
From Friday to Tuesday, whales owning 10 million to 100 million FLOKI tokens (blue line) amassed 1.23 billion tokens. This surge by big wallets indicates trading confidence.
FLOKI price prediction: Breaks falling wedge.
Sunday, FLOKI price broke above the falling wedge pattern's upper resistance trendline. A mid-May trendline connects many highs and lows to generate this pattern. FLOKI is at $0.0000827 on Tuesday.
If FLOKI maintains its upward momentum and closes above the 100-day Exponential Moving Average (EMA) at $0.0000838 daily, it could extend the rally to retest its daily resistance at $0.0001102, with interim resistance at the 50% Fibonacci retracement at $0.0000916.
The daily RSI is 54 and rising, suggesting bullish momentum. On June 28, the MACD indicator crossed bullishly. Rising green histogram bars above its neutral zero line indicate bullish momentum is continuing.
If FLOKI corrects, it might retest its Saturday bottom of $0.0000730, which is near the upper trendline border of the falling wedge formation.
