Floki Inu just hit a five-month high, and itโs all thanks to Coinbaseโs announcement! ๐ Following the news, Flokiโs price immediately shot up 28%, from $0.00022324 to $0.00028309. ๐ This is a surge that has investors cheering! ๐
So whatโs driving this surge? Aside from Coinbaseโs announcement, Floki has actually been performing well over the past week, nearly doubling in value! ๐ฅ Currently, Floki is holding steady around $0.0002531, which is a key support level. ๐ก๏ธ Despite the volatility in the crypto market, Floki is showing strong resilience. ๐ช
However, thereโs one thing to note: Flokiโs RSI briefly surpassed 75, indicating that Floki was overbought. ๐ Now, the RSI has dropped to 58.85, which means investors may be taking a break before making another move. โณ
From a technical perspective, Floki Inu is in a solid position with support at $0.0002531 and a backup level at $0.00024594. ๐ While the upward momentum is still there, it looks a bit tired. ๐ฎโ๐จ
Interestingly, whale activity suggests something is happening. ๐ The data shows that whales are placing significant short orders above the current price and long orders below it. ๐ค This could be a sign that a pullback is likely before Floki continues its upward trend. ๐
Looking ahead, Floki Inu could continue this positive trend, but be careful as signs of fatigue are starting to appear. โ ๏ธ Let's just wait and see what happens to Floki in the next few days! ๐$FLOKI
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