The FLOKI/USDT 1-hour chart shows a period of bullish momentum followed by a minor pullback. After breaking above the 200-period SMA around $0.00018488, the price moved upward, reaching a high of $0.00025978. The 200 SMA now serves as a key support level, with the recent movement indicating a potential shift in trend.
The RSI stands at 67.06, reflecting strong momentum but nearing levels typically associated with overbought conditions. The MACD remains slightly positive, with the MACD line above the signal line, suggesting continued upward movement, though the current pullback indicates reduced momentum.
Volume analysis highlights increased activity during the recent rally, pointing to strong participation in the market. Cluster analysis identifies a resistance zone between $0.000254 and $0.000260, an area where the price has faced selling pressure in the past. This zone may act as a potential barrier to further upward movement in the short term.
Overall, the chart reflects a bullish phase, with key resistance and support levels providing context for current price action. Observing the price behavior near these levels will help determine potential further movement.