On the daily chart, FLOKI shows a powerful reversal rally, having surged 128% in just 17 days after bouncing from the $0.000146 support level.
Currently, #FLOKI is trading at $0.00026, surpassing the key 78.60% Fibonacci level at $0.00025. This marks an important psychological milestone, and the recent bullish engulfing candle reinforces the uptrend.
Supporting this bullish outlook, the overnight surge has caused an uptick in the VI lines of the DMI indicator. This delayed the negative crossover and contributed to an increase in the ADX line, signaling stronger trend momentum.
Additionally, the exponential moving averages (EMAs) for the 50-day, 100-day, and 200-day periods remain positively aligned, further supporting the bullish trend.
