💰💰💰Floki Price May Rise After Liquidity Wash

Floki price may bounce from the bottom of the rising trendline.

On-chain data shows FLOKI's development activities growing, which is optimistic.

A daily candlestick closing below $0.000193 would disprove bullishness.

Technical indicators and on-chain data suggest Floki (FLOKI) price might regain approximately 30% in the short-to-medium term as the meme currency approaches a critical support level and development activity rises.

Floki pricing may sweep liquidity.
Floki fell more than 10% on Tuesday after breaking support at $0.000258. Its price is approaching the bottom of the rising trend line, which has supported it.

Floki might collapse 14% from $0.000233 to find support at the following levels.

A support zone between $0.000221 and $0.000211.
The 61.8% Fibonacci retracement level at $0.000201, derived from a swing low of $0.000110 on April 13 to a swing high of $0.000348 on June 5, nearly matches the rising trendline.

Off $0.000201, FLOKI may rise 29% to $0.000258, its prior resistance level.

Floki might climb to its next resistance level at $0.0.000348, gaining 35%, if US economic data is strong.

IOMAP shows that roughly 1,280 addresses acquired 203.33 billion FLOKI tokens between $0.000226 and $0.000232, making this region a critical support zone.

Technical analysis and IOMAP results align between $0.000221 to $0.000211, making it a crucial reversal zone.

Santiment's Development Activity measure records public GitHub repository project development events across time.

A growth in this statistic indicates ongoing protocol maintenance, innovation, and improvement, which investors and stakeholders want. Conversely, a drop in the measure may raise concerns about the project's long-term sustainability, creativity, and community participation.

As with Floki, the index climbed from 0.476 on June 6 to 0.714 on June 11. The 50% increase in Floki's Developing Activity supports the positive forecast.

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