Floki Inu: Signs of Bearish Pressure Ahead? 📉
Over the past year, $FLOKI has surged by an impressive 290%, yet recent technical indicators are hinting at a possible downturn in the short term:
🔸 RSI Below 40: The Relative Strength Index has dropped below 40, signaling potential oversold conditions.
🔸 MACD Turns Negative: The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum, suggesting sellers are gaining control.
🔸 Awesome Oscillator (AO) in the Red: With the AO dipping below zero, this reinforces the bearish outlook.
Investor sentiment remains cautious as trading volume has spiked over the past week, but with minimal impact on price recovery. While these bearish signals dominate the current picture, the potential for future gains is still in play, as external factors like election outcomes or memecoin trends could influence FLOKI’s trajectory.