FLOKI News

Santiument's data analysis shows that, despite the recent correction, FLOKI investor sentiment remains high. What it means is that the bullish sentiment surrounding memecoin still prevails in the market.

Most other on-chain metrics also seem quite optimistic, as they hint at a trend reversal. For example, the MVRV rate remains in positive territory. Its NVT ratio also dropped sharply, meaning the asset is undervalued, suggesting the price could rise in the coming days.

Analyzing FLOKI's daily chart, its MACD shows bullish dominance in the market.

According to Bollinger Band, FLOKI price is above its 20-day SMA. However, Chaikin Money Flow (CMF) showed a decreasing signal.

If memecoin continues to decline in value in the coming days, investors could see the price hit the $0.00025 mark, with liquidations set to surge at this level.

Conversely, if FLOKI turns bullish, memecoin's price could soon touch $0.00036.