FLOKI soars 15.86%! Bullish signals are blinding, 0.00016248 is just around the corner!
Although the market was slightly sluggish last month, it has recently shown signs of recovery. Floki (FLOKI) has surged 15.86% in the past week, with strong momentum and is expected to continue to rise in the future.
The latest data shows that FLOKI has a clear upward trend and is expected to hit the key price of 0.00016248, which will be an important milestone in its price trend.
In the past 24 hours, FLOKI's price has risen another 3.58%, supported by positive technical patterns and rising signals. However, it is worth noting that despite the initial breakthrough, there was a pullback afterwards, which is a common volatility phenomenon in the market.
Interestingly, FLOKI recently broke out of the symmetrical pattern since the beginning of August and fluctuated within this range. This pattern often indicates an upward trend, and FLOKI did break through the upper resistance line at one point. Despite a slight pullback, it is still expected to hit the top of the channel at 0.00016248.
AMBCrypto, a market analysis agency, predicts that FLOKI will rebound as the currency has successfully broken through the fair value gap (FVG) supply zone, which has now turned into solid support.
In addition, the strong combination of Floki and Valhalla has also injected a shot in the arm for the market. The cooperation between the two parties has many highlights, including displaying Valhalla on the e-sports platform, printing logos on team uniforms, and jointly creating exclusive activities for e-sports and Web3 games. These measures not only expand the application scenarios of Floki, but also further consolidate the market's bullish expectations.
In terms of capital flow, the money flow index (MFI) shows that FLOKI is attracting a large amount of capital inflows. The current MFI value is 79.8, which means that investors are enthusiastic. However, it should be noted that once the MFI breaks through 80, FLOKI may enter the overbought area, and price fluctuations may intensify.
Short traders face severe tests. According to Coinglass liquidation data, short sellers of FLOKI have lost more than $189,000, and open interest has surged by 8.94%, with a strong bullish sentiment in the market.
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