Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading slightly above the 200-period MA (value: $0.00025138), confirming short-term bullish momentum.
The MA acts as immediate dynamic support for the price.
Relative Strength Index (RSI):
RSI is at 48.32, indicating a neutral position.
There is room for both upward or downward movement based on market conditions.
Moving Average Convergence Divergence (MACD):
MACD histogram is showing a marginally positive value (+0.00000003), reflecting weak bullish momentum.
The MACD and Signal lines are close to convergence, signaling a potential trend shift.
Volume:
Trading volume is 3.905 billion, showing strong market participation, which supports recent price action.
Key Support:
Immediate support lies in the $0.00024000 - $0.00025000 range, aligned with recent consolidation and the MA 200 level. A break below this range could lead to further declines toward $0.00022000.
Strong Resistance:
The next resistance zone is at $0.00030000, marking a psychological and technical barrier. A breakout above this level could trigger further bullish movement toward $0.00035000.
FLOKI/USDT is currently in a consolidation phase, with short-term bullish signs supported by its position above the MA 200. Monitoring the $0.00030000 resistance and $0.00025000 support levels will be critical for determining the next major move.
