The #FLOKI/USDT pair on the 4-hour chart shows a current trading price of 0.00015491, which is above the 200-period Simple Moving Average (SMA) at 0.00013829 and the Volume-Weighted Average Price (VWAP) at 0.00015486. This positioning above both the 200 SMA and VWAP suggests a positive momentum in the short term, indicating a possible continuation of the upward trend.
RSI (Relative Strength Index): The RSI is at 61.36, reflecting a bullish sentiment but still within the neutral zone, suggesting the market is not yet overbought.MACD (Moving Average Convergence Divergence): The MACD indicates a positive crossover, with the MACD line above the signal line and a positive histogram, further supporting the bullish outlook.
Bullish Scenario: If the price remains above the 200 SMA and VWAP, and breaks through the resistance at 0.00015636, it could target the next resistance zone around 0.00018728. A breakout above this level with increasing volume could push the price higher, indicating a robust upward trend continuation.
Bearish Scenario: If the price fails to hold above the 200 SMA and VWAP, it could fall back to test support around 0.00014266. A break below this support level might signal a bearish trend reversal, with potential further downside towards 0.00012000 or lower.
