$$FLOKI 🎯 Technical Analysis and Commentary
📉 Price Movements and Charts:
- **Current Price:** 0.00024803 USDT
- **24-Hour Highest Price:** 0.00026183 USDT
- **24-Hour Lowest Price:** 0.00024079 USDT
- It is observed that the price has fallen from its peak (0.00031546 USDT) in the last few days and is currently experiencing a recovery. 📊
📊 Technical Indicators:
📊 EMA (Exponential Moving Average):
- 7 Period EMA: 0.0002579
- 25 Period EMA: 0.00025918
- 99 Period EMA: 0.00023112
- The short-term EMAs (7 and 25 periods) are located below the price, which could be a short-term bullish signal. 📈
### 💵 **Support and Resistance Levels:**
- **Support Levels:**
- 0.00024079 USDT: Short-term support level
- 0.00023112 USDT: Long-term EMA level and strong support
- **Resistance Levels:**
- 0.0002579 USDT: Short-term resistance level
- 0.00026183 USDT: Intraday top and important resistance
🔥 Comments and Results:
- **Trend Analysis:** The fact that the price has fallen from the peak and is now in the recovery process indicates that there is a correction in the market. The EMAs staying below the price could be a sign of recovery in the short term.
- **General Investor Sentiment:** The distribution of buy and sell orders shows that there is still selling pressure in the market. Therefore, it is important for investors to be cautious and watch for certain support levels.
💡 Result:
In the short term, the price has the potential to recover towards 0.0002579 USDT and 0.00026183 USDT levels. However, due to the general sales pressure, caution should be exercised and market developments should be followed closely. 🚨 Investors are recommended to make buying and selling decisions by considering important support levels.
It is not investment advice, it is for informational purposes only. 🚀
