FLOKI is at a critical support range and holding the $0.000077 could trigger a bullish rally. Will the bulls hold?
FLOKI is currently testing a key support level within a historical price range with its currennt price action suggesting a corrective rally ahead. However, the meme coin needs to maintain the $0.000077key support zone.
Technical Setup
A look into FLOKI’s technical setup on the 1-week chart reveals a break out from an ascending wedge pattern, followed by a strong rally in late 2024. The price consolidated for a weeks before breaking below the 0.00011 key support zone. Following the breakdown, FLOKI is testing the 0.00011-0.000050 support zone with price flactuating around 0.000077.
Source: X
What’s next for FLOKI?
In lower timeframes, the $0.000077 key support is historiclly significant for the memecoin’s next move. According to analyst Crypto Tony on X(formerly Twitter), bulls will need to hold this support zone to avoid a plunge to lower levels. If they fail to hold the memecoin ast the $0.00007740, $0.000052 could be FLOKI’s next support zone in the mid-term, before attempting another price uptrend.
As a result, the $0.00007740 remains essential in determining the memecoin’s next move. If the bulls pull through, FLOKI could be poised for a rally testing the $0.00011 key resistance zone in the next few weeks.
<p>The post FLOKI at the Edge: Traders Watch out for THESE Key Levels first appeared on Coin Crypto Newz.</p>
