📉 Technical Analysis

Trend & Momentum

Long-Term Trend: Bearish. Since peaking at $0.000265 in December 2024, $FLOKI has declined by over 65%, breaking key support at $0.000120. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are both in bearish territory, suggesting continued downward momentum.

Short-Term Trend: Mixed signals. While the 200-day Exponential Moving Average (EMA) indicates a bullish long-term trend, recent MACD histogram declines suggest waning momentum. Additionally, a descending triangle pattern hints at a potential 30% breakout if resistance at $0.000275 is breached.

Key Support & Resistance Levels

Support Zones: Immediate support lies at $0.00018051 (0.618 Fibonacci retracement), with critical support between $0.00015229 and $0.00012158.

Resistance Levels: Immediate resistance is at $0.00019000, followed by $0.00022023 and $0.00024723, corresponding to Fibonacci retracement levels.

Technical Patterns

Cup and Handle Formation: A bullish continuation pattern has been identified, with a potential breakout target of $0.00037126 if the price surpasses the handle's resistance near $0.000141229.

Head-and-Shoulders Pattern: A bearish pattern suggesting further declines unless invalidated by a price rebound.

Indicators

RSI: Currently at 16.72, indicating oversold conditions and potential for a short-term rebound.

MACD: Negative values on both daily and 4-hour charts, signalling ongoing bearish momentum.

Bollinger Bands: Price is near the lower band, suggesting that $FLOKI is approaching an oversold zone,

📊 Summary

$FLOKI is currently exhibiting a bearish trend, having broken significant support levels and displaying negative momentum indicators. However, oversold conditions, as indicated by the RSI and proximity to the lower Bollinger Band, suggest a potential for short-term recovery. Key resistance levels to watch include $0.00019000 and $0.00022023. A break above these could signal a shift in