📉 FLOKI Approaching Crucial Support Zone: What's Next? 🔍

FLOKI has been moving toward a key support level after a recent market correction, following a drop in both BTC and ETH. Over the last 48 hours, the memecoin experienced a significant setback, with its price dropping to $0.0001189 and a market cap of $1.14 billion 🪙.

💡 Key Indicators:

- FLOKI's trading volume dipped alongside its price, a potential indicator of an upcoming trend reversal 🔄.

- Buying pressure has increased, as seen through a rise in supply outside exchanges and a spike in exchange outflows 💰.

- 57k FLOKI addresses remain in profit, representing 68% of the total, signaling some resilience despite market turbulence.

📊 What’s Next for FLOKI?

- If FLOKI holds the current $0.000110 support zone, it could potentially see a bullish trend reversal.

- In a positive scenario, FLOKI might rally to $0.00013 in the coming days 📈. Breaking above that could extend the bullish momentum.

- However, failure to maintain support could lead to further declines, with FLOKI possibly dropping to $0.00009 if the bearish trend continues 🔻.

Traders and investors will need to keep an eye on these key levels to assess FLOKI's next move!

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