#FLOKI: IS IT GONNA BREAK FROM HERE?
If you're looking for an in-depth analysis of FLOKI, then, you're in the right place.
Here's why.
FLOKI's surrounding sentiment has immensely increased the already strong opinion of the community and many are eyeing the possibility of a breakout on this key level. However, is it really highly possible that the price will soar from here?
We've highlighted the previous week's high, middle and low which would assist us in identifying whether the next resistance was already broken and the price held on top or not. Upon closer inspection, it still has yet to break the next resistance which is sitting at 0.00018. This key resistance doesn't have any confirmation of getting broken yet and since this week's candle has opened at a positive manner for this token most would already be excited with this result. Albeit, for us, we're still being patient and reviewing the factors closely. Once it gets rejected from this key level, the rejection will be immense and we can benefit with short positions.
Upon further observation, #FLOKI has now realized the analysis we've provided. FLOKI has touched once again the weekly low and although it may have moved slightly lower the previous lows. It still held the ground at 0.00011. We are now looking at the possibility for FLOKI to keep on moving towards the weekly middle price or slightly higher than it.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
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