Since the beginning of November, $FLOKI has more than doubled in price, and over the past 12 hours, the coin's rate has soared by 28% ahead of the cryptocurrency listing on the American exchange Coinbase (NASDAQ:COIN), scheduled for November 21. After reaching a peak of $0.000288, the asset's value began to correct and dropped to $0.000266. But experts believe that the bull rally is not over yet.
According to the expert, the FLOKI rate will rise to $0.000546 if the bulls manage to gain a foothold above the resistance barrier in the region of $0.000276. At 07:00 Kyiv time, the token price dropped below this barrier, but buyers continue to fight the bears, so they still have a chance to storm this barrier.
On the daily chart, the RSI index is 73, thus indicating the absence of overbought conditions. The Average Directional Index reaches 43, which is also a positive sign. Thus, both indicators indicate a continuation of the upward trend.
