$FLOKI surges 11.28% in 7 days: Trend reversal coming? - AMBCrypto Analytics

As of now, FLOKI is trading at $0.0001481, reflecting a 5.4% increase in the last 24 hours and an 11.28% surge over the past week. Despite these gains, it remains 57.41% below its all-time high (ATH) of $0.0003462, recorded just four months ago. However, the recent bullish momentum has helped FLOKI recover from a local low of $0.000111 after a monthly decline of 8.07%.

Technical analysis by AMBCrypto suggests FLOKI has broken its descending trendline, showing strong upward momentum. The Aroon Up indicator at 100% indicates that buyers are dominating the market, while the Aroon Down sits at 28.5%, further supporting the uptrend. Additionally, the Directional Movement Index shows positive sentiment, with the positive index at 24.54 above the negative index at 14.5.

While FLOKI’s short-term outlook remains bullish, whether this surge is part of a sustained recovery or a market correction remains to be seen.