Detailed analysis of the asset FLOKI đđŸ $FLOKI $DOGS $NOT
đ¶ Current situation:
On the daily chart of FLOKIUSDT, the asset has been showing a bearish trend for several months. The current price is $0.00011969, and despite the recent rebound from local lows, it continues to be in a downward channel.
đ¶ Technical indicators:
Moving Averages: The 7-day moving average is at $0.00012044 and the 25-day moving average is at $0.00012685, both below the current price, confirming the short-term bearish trend. The price is unable to settle above these moving averages, indicating a possible continuation of the downward movement.
Ichimoku indicator: The price is below the Ichimoku cloud, which confirms the current downtrend. The cloud acts as a resistance zone, and its upper border is located at $0.00013638. As long as the asset is below this level, the probability of an upward reversal is minimal.
Bollinger Bands: Bollinger Bands have narrowed, indicating a decline in volatility. This could signal an upcoming breakout, but the direction is unclear. The upper band is at $0.00013154, while the lower band is at $0.00010540.
SAR (Parabolic SAR) indicator: The SAR indicator is at $0.00014550, above the current price, which confirms the bearish sentiment of the market.
đ¶ Resistance and support zones: đ
Strong resistance levels are in the range of $0.00012500-$0.00013500. A breakout of this range may signal the end of the downtrend and the beginning of an upward correction.
Support zones: The main support zone is located around $0.00010400. If the downward movement continues, the price may test this level. If it is broken, the next target may be at $0.00009634.
đ¶ Body shaping: đŸ
The chart shows a downward channel, which indicates a continuation of the bearish trend. As long as the price remains within this channel, a significant reversal should not be expected. However, a breakout of the upper boundary of the channel, especially at $0.00012685, may lead to an increase in the upward movement.
đ¶ Prospects for the movement: đ
FLOKI is currently under bearish pressure. In the coming days, the price may continue to fluctuate within the current descending channel, especially if the important resistance around $0.00012500 is not broken. If the price manages to break out of the channel upwards and consolidate above the Ichimoku cloud ($0.00013638), we can expect the development of an uptrend. Otherwise, a descent to support levels around $0.00010400 or lower is possible.
đ¶ Conclusion: đŸ
The FLOKI asset is showing a downward trend with potential for further decline. However, if key resistances such as $0.00012500-$0.00013500 are broken, an upward correction phase may begin. Investors should pay attention to the support zone around $0.00010400 to assess the possibility of new market entries.
