$FLOKI downtrend continues: Is another 25% drop imminent? - AMBCrypto Analytics

FLOKI was trending downward and did not begin to recover from the recent losses, though it is up 30.5% from the recent lows. The $0.00014 resistance level overhead appeared likely to rebuff the bulls. The most recent lower high is at $0.0002. In the coming weeks, FLOKI investors would be hoping that the nearby resistance level would be flipped to support and prices can consolidate there.

The closest significant high at $0.0002 is 67% higher than the meme coin’s market price. A slow series of higher lows and higher highs in August would be what the doctors recommend for FLOKI bulls’ health.

In this climate of uncertainty, it is unclear if the performance can match the bulls’ expectations. The daily RSI was still well below neutral 50 to signal bearish momentum, and the OBV was in decline to reflect heightened selling volume in recent days. The Fibonacci levels are expected to serve as resistance on the way higher.

At press time, FLOKI is trading:

- $0.0001287 on OKX

- $0.0001297 on WhiteBIT

- $0.0001295 on HTX