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FLOKI price has plummeted 10% in the last 24 hours. Traded for $0.0002542 8:23 AM EST.
Over the past two weeks, FLOKI has surged 348% and has surged 668% over the past month, making it the 55th largest cryptocurrency with a market capitalization of $2.5 billion.
FLOKI prices remain unchanged within the integrated channel
FLOKIUSDT Analysis by Tradingview
The struggle for price dominance led to the formation of a consolidation channel, with FLOKI price trading steadily within the $0.0002995 and $0.0002202 ranges.
A gradual rise from the support level of $0.00003585 helped the bulls gain momentum pushing the price up to 0.0001736. After a brief correction around the support area of $0.00009782, the bulls took charge of the price and continued the upward trend to the $0.0002995 resistance.
Additionally, the 50-day and 200-day simple moving averages (SMAs) confirm the bullish sentiment supporting the FLOKI price.
The Relative Strength Index (RSI) indicates a rebound from 46 to below the midline of 50. As momentum increases, RSI will rise to 70, which is an overbought level.
FLOKI price bullish momentum targets new highs above the consolidation channel.
The bullish momentum in FLOKI price remains steady as buyers begin a bounce off the 50 SMA, targeting a push above the current resistance level of $0.0002995. Additionally, the golden cross is likely to peak in the coming weeks, suggesting further upside if momentum remains strong.
In the opposite situation, the price may fall below the lower limit of the channel at $0.0002202. This could encourage the bears to take control and push the price lower, forcing the bulls to retreat to the $0.0001761 support zone.
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