FLOKI is posed for a further upswing – brief analysis by CoinPedia
With a slight change in market dynamics, FLOKI INU (FLOKI), has attracted massive gains.
After the recent upswing, the FLOKI price was stuck within a steep descending trend, failing to breach the upper trend line. After close combat, the bulls managed to lift the levels beyond the crucial range. With this, the price is believed to initiate a fresh upswing, reclaiming the lost levels, probably by the weekend.
The above chart shows that major action is yet to occur, as the Bollinger bands continue to move parallel to each other despite breaching the upper trendline. Besides, the RSI has triggered a bullish reversal from the average range, substantiating the bullish claim. Therefore, the FLOKI price is believed to range high and reach the key resistance zone between $0.00025 and $0.00026 before the end of the week.
