FLOKI [$FLOKI ] is buzzing again! Trading at $0.00013 after a 7% gain in 24 hours, it’s no surprise that trading volumes skyrocketed by 93% to $369M. But here’s the twist—whales are making waves that could sway the trend. 🐋📉
🔍 Key Metrics at a Glance:
- Whale Watch: Large transaction volumes exploded by 3000%, with whales moving a staggering 50.5B FLOKI in 24 hours. However, netflows turned negative, signaling 30B tokens sold off within two days. With whales holding 72% of the supply, volatility could intensify.
- Death Cross Alert: The 50-day EMA crossed below the 200-day EMA, signaling bearish momentum. If sellers hold control, FLOKI could drop by 54% to test the $0.000059 support.
- RSI Trends: At 32, RSI indicates strong bearish trends. Sellers are still dominating!
💡 Why Bulls May Have Hope:
Despite the bearish indicators, FLOKI’s Long/Short Ratio shows increasing long positions, rising from 0.61 to 1.03. This signals traders are betting on gains. If FLOKI breaks its 0.786 Fibonacci resistance ($0.000135), a rally to $0.000206 could be on the cards.
⚡ Final Thoughts: FLOKI’s next move hangs in the balance. Whales and technical indicators suggest caution, but bullish traders could tip the scales. Keep an eye on market sentiment—volatile moves could happen fast. 🌊
👉 What’s your FLOKI game plan? Hold or sell? Drop your thoughts below! 🧐👇