The article discusses the recent decline in value of the Floki Inu token ($FLOKI) and its potential target of reaching $0.000044. The token has failed to maintain important support zones, leading to concerns of another bearish price trend. Despite recent price movement, the article suggests that Floki may face additional downward pressure. Within the previous 24-hour period, FLOKI dropped its value by 8.25%. The token currently has a market capitalization of $610 million and a trading volume of $65.59 million. The article analyzes the price movement of FLOKI indicating a downward trend. The indicators, such as the Awesome Oscillator, support the bearish momentum. The current price is approaching a support level near the lower boundary of the descending channel. If this support fails, further declines are possible, but if the price cannot break beyond this level, it can be considered a resistance at the channel's upper boundary. The article suggests that traders should watch for reactions at the channel boundaries to determine the next move for FLOKI.



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