💰💰The expected breakout in Floki (FLOKI): It could shake the market! 💰💰
A popular name among themed coins, Floki seems to have left the downtrend that has been ongoing since July 22 behind. This memecoin, which has been moving downward for two months, is now testing the trend line by catching a good breakout. Bitcoin's rise above $ 63,000 may also contribute to Floki's rise. So which levels should investors focus on?
Floki, which exhibits a strong structure in technical terms, may enter a bull period again by breaking above the two-month downtrend. However, which memecoins will stand out in this process will be a critical element. The recent popularity of cat memecoins has significantly increased the liquidity in this area. If dog-themed projects start to rise again, Floki may target higher levels.
Floki, which was traded at $0.00013093 at the time of writing, may reach levels of 0.00024558, 0.00026711, 0.00031351 and 0.00034861, respectively, if it can exceed $0.00017391. The performance of ETH, BTC and the general memecoin market will be decisive in this process. In a negative scenario, FLOKI may decline to $0.00011073 and $0.00009591.
Although it seems difficult for the popular memecoin to experience a new bull period, the technical structure indicates upward movements. Every period below the downward trend may increase selling pressure. In addition, it should not be forgotten that the future news flow regarding the parity will have an impact on the price.
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