FlokiFi Locker's $165.6 million TVL holder growth, neutral on RSI, indicates bullish potential.
The bullish group may prove to be predominant.
FlokiFi Locker recorded a TVL of $165.6 million, outperforming popular mime coins like #Dogecoin and Shiba Inu; each lockup in the #ETH and BSC chains has caused deflation, contributing to a reduction in #Floki [FLOKI] supply.
This milestone allows FLOKI to use its momentum for a potential price breakout.
Are technical indicators pointing to a bullish surge?
Currently, FLOKI prices are consolidating and trading in a narrow range of $0000136. The Bollinger Bands indicate low volatility, which usually indicates an imminent breakout.
the key question remains: in which direction it will turn - the RSI index is at 51.45, neither overbought nor oversold.
the neutral momentum, traders should closely follow the price movement, as it can go both up and down. A breakout above the upper range of the Bollinger #Band will signal a bullish surge, but caution is advised. Increasing number of holders: a bullish signal? By mid-September, the total number of FLOKI holders reached 595, which indicates growing investor confidence and signals an increase in demand for the token. An increase in the number of holders is an important bullish indicator for investors to watch. The in-the-money indicator is bullish by 0.82%, while other indicators are less encouraging. The net gain of chains declined by 0.33%, while large transactions fell by 12.36%, indicating bearish pressure. Despite some positive signals, caution should be exercised as these bearish factors may affect the short-term price movement.
Liquidations data: Can the bulls prevail? The latest liquidations data shows that long positions are outnumbering short positions, with $3.82 million of long positions liquidated on September 22. This indicates that bullish traders still dominate the market.
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