FLOKI/USDT market analysis
trend analysis
1. Current trends:
The chart shows that FLOKI price has shown an upward trend in the short term, with an increase of 19.20% in 24 hours, and the current price is 0.00027129 USDT.
2. Support and resistance levels:
• Support level: 0.00022450 USDT
• Resistance: 0.00031387 USDT
The price is now close to the resistance level, so we need to pay attention to the risk of a correction.
3. Moving average analysis:
• EMA(7): 0.00023365 USDT
• EMA(25): 0.00020718 USDT
• EMA(99): 0.00016831 USDT
The short-term moving average EMA (7) crosses above the EMA (25), indicating a strong upward trend in the short term.
4. Trading volume analysis:
The significant increase in trading volume indicates active market transactions and increased buyer power.
Forecast of future trends
1. Short-term breakthrough:
If the price can break through the resistance level of 0.00031387 USDT, the next target price may be above 0.00035000 USDT.
2. Continue to adjust:
If the price encounters resistance at 0.00031387 USDT and falls back, it may test the support level at 0.00022450 USDT again.
3. The role of trading volume:
A continued increase in trading volume may indicate a continuation of the upward trend. If trading volume decreases, be wary of the risk of a correction.
Summarize
#FLOKI has shown strong upward momentum recently, but it is necessary to pay attention to the key resistance level of 0.00031387 USDT. If it breaks through, it will be further bullish, otherwise it may face the risk of a correction. Investors are advised to operate with caution and pay close attention to market dynamics.
