The FLOKI/USDT pair has risen by 13.87% in the last 24 hours, placing its price at 0.00026342 USDT. With high trading volume and a positive market, it's key to perform technical analysis to assess upcoming movements and price targets. Let's analyze the key technical indicators, market microstructure, and on-chain analysis (blockchain).
Analysis of Key Technical Indicators
a. Relative Strength Index (RSI)
The RSI measures whether an asset is overbought or oversold. Currently, FLOKI's RSI is close to 60, indicating that the asset is in a neutral zone. If the RSI exceeds 70, it could signal overbought conditions, indicating a correction.