#FLOKI : The moves coming with…
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- Bitcoin is consolidating and not bearish; this is just a normal market move.
- Bitcoin dominance increased as other cryptos fell more.
- Memecoins dumped violently.
➡️ $FLOKI Analysis:
- Short-term bearish outlook due to losing momentum.
- Two bearish confirmations: drop below 28,500 and 26,000.
- Holding support level, but momentum and open interest are dropping.
- No new momentum coming into the price, expecting a retest of 25-26,000 and consolidation at 22,000.
- Possibility of turning bullish if open interest finds support and increases, breaking above 26,500.
