FLOKI, this popular meme coin, has recently shown strong rebound potential in the market. As the market reversal continues, FLOKI is gradually approaching its important price node, indicating that it may usher in a significant upward trend.
Technical analysis reveals upside potential
According to the latest technical analysis, although FLOKI has not completely broken through the 200 EMA on the daily chart, it has shown signs of breaking through the consolidation area and the key resistance level of $0.000137. If FLOKI can successfully close above $0.000142 on the daily chart, it will provide strong support for its further rise to $0.00021, with a potential increase of up to 45%.
On-chain data reinforces bullish expectations
On-chain data also provides strong evidence for FLOKI’s rising prospects. The rise in the long/short ratio (currently 1.238) indicates a generally bullish stance among market participants. In addition, the significant increase in open interest, especially the 17% surge in the past 24 hours, further proves investors' optimistic expectations for the future trend of FLOKI.
Ichimoku Cloud signals a positive trend
On the 4-hour chart, the Ichimoku Cloud indicator also shows a positive trend signal. The price is above the cloud and the cloud color is green, both indicating that FLOKI is in an uptrend. The Tenkan-Sen (conversion line) is above the Kijun-Sen (baseline), and the Chikou Span (lagging line) is above the current price, both reinforcing the bullish outlook and indicating that FLOKI is expected to continue to rise in the short term.
Price prediction and risk warning
Looking ahead, FLOKI is approaching a critical resistance level of $0.0001651. A successful breakout of this level could see the price climb further to $0.00034, which would be a new high since June 2024, signaling a major trend reversal and strengthening buying momentum.
However, investors should also be aware of potential risks. If FLOKI fails to hold the current support level of $0.00011, it may face further downward pressure. The next important support level is at $0.00009. If this support level is also broken, it may trigger a larger decline and may even reach a low of $0.000031.
FLOKI is currently at a critical time point. Both technical analysis and on-chain data indicate that it has the potential to rise, but investors also need to pay close attention to market dynamics and price trends. If FLOKI can successfully break through the key resistance level and hold the support level, it is expected to usher in a strong round of rising market; otherwise, it may face the risk of falling. Therefore, investors should be cautious when making decisions and fully consider various possible market changes.
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