Recently, the meme currency market has ushered in a new trend. After months of silence and struggle, FLOKI’s price trend seems to be quietly reversing. The trading price of FLOKI has reached $0.0001490, achieving a significant increase of 8.64% in the past 24 hours, and the weekly increase is as high as 12.23%, showing strong recovery momentum.
Although FLOKI experienced an 8.07% decline on the monthly chart, the price has gradually recovered and surpassed the previous decline since its local low of $0.000111. However, compared with the high of $0.0003462 set four months ago, FLOKI still has a certain gap and is currently about 57.41% lower.
Faced with such market performance, investors can't help but wonder: Does FLOKI's rise indicate the beginning of a sustained recovery, or is it just a short-term adjustment driven by market speculation?
In-depth analysis shows that FLOKI's upward trend is quite strong and has successfully broken through the resistance line that continues to fall. Technical indicators such as the Aroon line clearly point to positive changes in the market. The Aroon rising index is as high as 100%, far exceeding the Aroon falling index of 28.5%, showing a strong bullish signal. At the same time, the positive value of the Directional Movement Index (24.54) is also much higher than the negative value (14.5), further confirming the upward trend of the market.
In addition, market data also revealed investor optimism about FLOKI. The liquidation amount of long positions dropped significantly, from $3.568 million to $119,000, reflecting investors’ strong confidence in FLOKI’s future price movement. The positive value of the OI weighted financing rate further proves the positive sentiment in the market. Investors not only hold large long positions, but are also willing to pay a premium for it.
It is worth noting that the inflow to the exchange has also decreased over the past week, from a peak of 4.63 billion tokens to the current 7.06 million. This change may mean that investors are more inclined to store FLOKI in safer private or cold wallets in the hope of further price increases in the future.
The current market sentiment for FLOKI is extremely positive. If this trend continues, FLOKI is expected to challenge and break through the next important resistance level of $0.000161 in the short term. However, it is still necessary to remain vigilant and pay close attention to market dynamics to make more informed investment decisions.
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