$FLOKI #FLOKIđ„ FLOKI is poised to start a sharp rise
Will it lead the bull market?
As of this writing, the RSI line is at 62.4 and the SMA line is around 73.06. Both the RSI line and the SMA line are above the midline, indicating a positive short-term outlook.â
Additionally, FLOKI price rebounded after retracing its 20-day EMA, indicating a prevailing positive trend in the short term. If the price falls further, the key EMA may act as a dynamic support level and may try to prevent the price from falling further.
Short term trend analysis
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The short-term trend outlook is neutral to bullish as FLOkI price hovers above dynamic support at the 20-day EMA. Now, if the bulls can break above the recent swing highs, a surge to higher levels at $0.00035 and $0.00040 is possible. in conclusion.
FLOKI price bounced off the 20-day moving average and jumped higher on Wednesday. The bulls intend to retain control as the price is up nearly 5.78% today.
Inflows have been increasing over the past few trading days. Technical indicators suggest a neutral to bullish short-term outlook.
techinque level:
Support: $0.00017 and $0.00011 Resistance: $0.00030 and $0.00035.
The bull market is here. If you donât know how to operate and are still confused, please like and follow
