$FLOKI

🚨Technical Indicators Show Weak Momentum🚨

The MACD indicator remains neutral but leans slightly bullish. The histogram is flattening, and the signal lines are slowly converging. This setup often precedes larger moves but lacks strength right now.

Similarly, the Relative Strength Index (RSI) sits at 46.64, just below the 50-neutral line. This suggests a phase of indecision, or possibly quiet accumulation before a stronger trend.

In terms of derivatives, total open interest for FLOKI sits at $3.2 million, all in perpetual contracts. A 0.89% drop in the past 24 hours reflects low confidence. Interestingly, OKX leads with $2.5 million in OI, followed by Huobi and dYdX. Despite this, market participation seems thin, with some platforms showing negligible or zero share.

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