SpotOnChainAnalysis
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**SpotOnChain Analysis: đč SpotOnChain, a crypto on-chain data analysis platform, estimates TRB's value in dollars. According to CoinMarketCap, TRB is presently trading at $61.95, marking a 1.82% increase. đđ° #SpotOnChainAnalysis #TRBTrading
The whale deposited 15.2 billion $FLOKI tokens, valued at approximately $2.27 million, into the crypto exchange Binance. This substantial transaction occurred just before the price drop.
Additionally, it was noted that the #FLOKI tokens held by the whale wallet were originally released by the Floki deployer in early 2022 when they were priced at around $0.0000307.
The Floki price has plummeted 19% in the last 24 hours to trade at $0.0001263 on a 38% surge in trading volume to $972 million.
This drop in price comes from data from #SpotOnChainAnalysis revealing that a wallet address associated with $FLOKI resurfaced in the market after being dormant for 2.5 years.
FLOKI PRICE PREDICTION đ
The price is pulling back after reaching the resistance zone, indicating potential bearish pressure. If the price fails to hold above the key support level of 0.0001260, it might continue to decline towards the next support level at 0.0001200.
Should the RSI recover from the oversold region and the #MACD start showing signs of bullish divergence, there could be a rebound towards the 0.0001400 level, with the possibility of retesting the 0.0001600 resistance zone.
A sustained drop below the 0.0001260 level could lead to further declines, targeting the 0.0001200 zone, where buyers might re-enter the market.
The current price action indicates a short-term bearish pullback with the potential for a rebound. However, mixed signals from the indicators suggest that caution is necessary.
Monitoring the support and resistance levels
#CryptoMarketMoves
#CryptoNewss
Additionally, it was noted that the #FLOKI tokens held by the whale wallet were originally released by the Floki deployer in early 2022 when they were priced at around $0.0000307.
The Floki price has plummeted 19% in the last 24 hours to trade at $0.0001263 on a 38% surge in trading volume to $972 million.
This drop in price comes from data from #SpotOnChainAnalysis revealing that a wallet address associated with $FLOKI resurfaced in the market after being dormant for 2.5 years.
FLOKI PRICE PREDICTION đ
The price is pulling back after reaching the resistance zone, indicating potential bearish pressure. If the price fails to hold above the key support level of 0.0001260, it might continue to decline towards the next support level at 0.0001200.
Should the RSI recover from the oversold region and the #MACD start showing signs of bullish divergence, there could be a rebound towards the 0.0001400 level, with the possibility of retesting the 0.0001600 resistance zone.
A sustained drop below the 0.0001260 level could lead to further declines, targeting the 0.0001200 zone, where buyers might re-enter the market.
The current price action indicates a short-term bearish pullback with the potential for a rebound. However, mixed signals from the indicators suggest that caution is necessary.
Monitoring the support and resistance levels
#CryptoMarketMoves
#CryptoNewss
