! ! Notification! ! Notification! !
SHIB price is gradually recovering under the influence of the ascending trend line. Dynamic support pushed the asset from a low of $0.0000183 on April 13 to $0.000026, a 45% increase.
At the time of writing, Shiba Inu's market capitalization was $14.7 billion, while 24-hour trading volume dropped to $250 million.
If the aforementioned support levels hold, the buyers are likely to push above the high resistance level hovering at $0.00003. This breakout could be further confirmation of a change in market sentiment from selling high to buying low.
A recovery from the breakout could push the asset to $0.000038 and then $0.000054.
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FLOKI is a meme-inspired cryptocurrency that has evolved significantly from its original origins as a playful homage to Elon Musk's Shiba Inu. The core of the Floki ecosystem includes Valhalla, an NFT gaming metaverse that allows players to earn rewards through engaging activities such as combat and asset trading.
Amid the current market consolidation, Floki price is witnessing a fading upward momentum, reversing from $0.000313. This bearish reversal sent the meme token down 16%, trading at $0.0000259, while the market capitalization plummeted to $2.44 billion.
If supply pressure increases, the coin price could drop another 20% to find support from the ascending trendline. This level of dynamic support has sustained the price's upward trajectory for nearly three months and could revive FLOKI's depleted momentum.
A recovery from this bottom could push the asset to the upper limit of $0.0000313.
(If you are still underwater and can't see the market clearly, follow my homepage at the top and I will take you to shore)
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