$FLOKI URGENT UPDATE

The FLOKI/USDT chart reveals a well-defined trading range, demarcated by parallel yellow lines. This range box encapsulates FLOKI’s price movements, acting as a containment zone.

Despite recent fluctuations, FLOKI remains within this range, neither fully bearish nor exuberantly bullish.

Critical Support Level:

The lower yellow line represents a critical support level. If FLOKI breaches this level, it could signal a shift toward bearish sentiment.

Traders closely monitor this support line, as its integrity determines FLOKI’s short-term trajectory.

Potential Pivot Point:

The current price position hovers above the critical support, suggesting a potential pivot point.

Should FLOKI hold this level, a bullish reversal becomes plausible. Conversely, a breakdown could trigger further declines.

Market Sentiment:

The crypto market is dynamic, influenced by news, investor sentiment, and macroeconomic factors.

Keep an eye on developments, especially the Fed Chairman Jerome Powell’s press conference, as it may impact FLOKI’s direction.