FLOKI Price Prediction: Will There Be a Breakthrough After Consolidation?
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FLOKI has fallen 21% in the past month, with its market cap dropping from $2.65 billion to $1.75 billion. The current price is $0.000183, with a daily decline of 1.17%. Although it has maintained key support, there is insufficient buying pressure, and the price remains in a consolidation range.
Technical Indicators
Range Fluctuation: The price fluctuates between $0.000173 and $0.000190, indicating a lack of market confidence. CMF Money Flow: The money flow is negative, indicating significant selling pressure, but the volume bars turning green suggest some buying participation. MACD Indicator: A buy signal has formed, with the histogram turning green, indicating buyer activity. If buying power increases, FLOKI may break through the consolidation range.
Derivatives Market Trends
Open Interest (OI) has increased from $16 million to $24 million, indicating rising speculative interest, but has decreased by 50% compared to mid-December, with volatility still present.
Key Support and Resistance
Support Level: $0.000180, with 2,090 addresses holding 35.4 billion FLOKI. Resistance Level: $0.000186, with 1,250 addresses holding 7 billion FLOKI, which could become a major selling pressure point.
Outlook
If buying strength increases and breaks through the $0.000186 resistance, FLOKI may experience an upward trend. Conversely, if it falls below support, it could trigger a new round of decline. Market confidence and key technical indicators need to be closely monitored.
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