The expected breakout in Floki (FLOKI) has arrived: It could shake the market!

Floki (FLOKI), which is closely followed by Turkish crypto investors, has finally broken the downtrend.

Floki, one of the popular names of dog coins, has broken the downtrend that started on July 22. Memecoin, which has been pricing downwards for two months, seems to have made a good breakout and tested the trend line. If we also consider that Bitcoin is above $63,000, Floki's rise may continue.

The popular altcoin, which has swept a period, is winking at the bull with its technical structure. Floki, which has ridden a two-month downtrend, may see a bull again with the strengthening of the memecoin craze. However, which memecoins will come to the fore in this process will be critical. For example, the recent cat memecoin craze has almost sucked the liquidity in this area. The parity will target higher levels as the memecoin craze turns to dog projects.

Memecoin, which is trading at $0.00013093 at the time of writing, may test $0.00024558 - 0.00026711 - 0.00031351 and $0.00034861 respectively if it breaks $0.00017391. The performance of ETH, BTC and the memecoin market will be decisive in this process. In a negative scenario, $FLOKI may experience declines to $0.00011073 and $0.00009591.

Although it seems difficult for the popular memecoin to experience bullishness again at the moment, the technical structure indicates an upward movement. In any process where the downward trend is underway, selling pressure may show itself. In addition to these, the news flow regarding the parity will affect the price.

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