$FLOKI Hammer Candle Spotted 🔥🔥
Signs of a possible reversal??
After requests from a few members of the fam, this is a very crucial price level where Floki is hanging around.
📊 On the 4H time frame after a continuous downtrend for almost a week a hammer has formed after taking support at $0.00022 which is a strong support price. Usually after a long downtrend, the appearance of a hammer candle signals the start of a possible reversal.
Currently, the price is staying above $0.00024 which is the current support and a closing above this will make sure that the rally is on the cards.
Previously the price moved sideways between $0.00024 & $0.00026 and was stuck for a few days before the big breakout from the ascending channel. So we might see that getting repeated once more.
This could be a good zone for accumulation, after the high of $0.00035 was hit just a week ago.
📊 Now moving on to the daily chart, the decline led the move fall into the ascending channel again and all looks good as long as it's moving within the channel.
The decline has been enough as per expectations and after the release of the US CPI Data positive sentiments are back again among investors.
#FLOKISKYROCKET #FLOKI? #CPIAlert #TopCoinsJune2024 #mememcoinseason2024
