The FLOKI cryptocurrency has experienced a significant surge in price, increasing by 21.79% in the past 24 hours and 62.39% over the past week. This surge has resulted in several bullish indicators, suggesting strong upward momentum. However, caution is advised as there are signals that the current trend may face resistance or a potential pullback. The RSI (Relative Strength Index) is currently above 70, indicating the asset is overbought and potentially due for a correction. However, historical data suggests that the rally may continue. The Ichimoku Cloud chart also supports a bullish outlook, with the price well above the cloud and other indicators confirming the upward momentum. A small retracement is visible, indicating possible consolidation, but as long as the price remains above the cloud, the uptrend is likely to continue. The EMA (Exponential Moving Average) lines also indicate a bullish setup with the price trading above all of them. The potential price targets for FLOKI are $0.00031 and $0.000349, representing a possible 57% increase, but there is also a possibility of a significant retracement with key support levels at $0.00016 and $0.00012, implying a potential 45% correction.
- Content Editor ( beincrypto.com )
- 2024-11-14
FLOKI Price Sees 21% Daily Jump, Bullish Setup in Place