$FLOKI - Market Update: Weekly Doji Candle Insights 🚨

H4 View: Bearish Trend 📉

The market shows a clear bearish sentiment, with a rejection at the daily Tenkan resistance level around $0.0012450. The current price action reflects a strong struggle beneath key resistance levels, suggesting further downside pressure in the near term.

Key Levels to Watch: 0.0001100 - 0.0001300$ [H4 View]

For any bullish momentum to hold, it’s crucial for the price to remain above the $0.0001100 level on a daily candle close basis. Failure to do so may signal further bearish action.

Market Outlook

Given the appearance of a Doji on the weekly chart, predicting the next significant move remains challenging. However, in the short term, a retest of $0.00011500 or even $0.0001100 is likely, highlighting potential short-term risk for investors.

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