Floki's price spiked by more than 10% in the last 24 hours following the return of meme coin influencer Roaring Kitty after a three-year absence.
Earlier, Floki token reached a high of $0.00031387 on March 14th but underwent fluctuations before declining steadily.
Floki's price stayed relatively steady around $0.00013000 until the recent surge.
After being stuck in a correction mode for the past two months, Floki's price has formed a bullish pennant pattern.
Following yesterday's bullish breakout, the meme coin needs to consistently close above the falling logarithmic trend to sustain its bullish momentum.
If FLOKI manages to surpass the crucial psychological resistance level at $0.00020, it could trigger a 50% surge, targeting $0.00030 in the coming weeks, supported by trend-based Fibonacci levels.
According to Coingabbar analysis, Failure to exceed $0.00020 might prolong consolidation, posing a risk to support at $0.0001600. Further decline below this level could lead to a drop to $0.0001280 for the meme coin.
KEY LEVELS :
RESISTANCE LEVEL : $0.00025000-$0.00032000
SUPPORT LEVEL : $0.00016000-$0.00012000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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