1. Price forecast
Short-Term Outlook: In the short term, we can see that FLOKI price has broken below the 50-day EMA and is currently testing levels around the 200-day EMA. However, the price has not yet been able to consolidate above $0.00015. If the price breaks and consolidates above this level, we can expect continued upward movement in the short term.
Medium-term forecast: In the medium term, if the price consolidates above $0.00015, we can expect a movement to the next significant resistance level around $0.00018. Otherwise, a rollback to support at $0.00012 is possible.
⚠️General conclusion
Based on technical and on-chain analysis, it is recommended to consider 🟢long positions upon breakout and consolidation above the $0.00015 level, which will confirm the strength of the upward trend. If the price fails to overcome this level, a rollback to the $0.00013 level is possible, where it is possible to open 🛑short positions.✈️ Individual Consultation on Cryptocurrency Trading 👍 ➡️@INVESTIDEAUA
