There May Be a Withdrawal in Floki Price!
The potential pullback in Floki price may find appropriate support at $0.00022, $0.000185, and $0.000156, which would coincide with the 23.6%, 38.2%, and 50% Fibonacci retracement levels, respectively.
As of the date of writing, the popular memecoin Floki has experienced a huge performance, increasing by 57% in the last week and by 664.78% in the last month. Memecoin, which has been in an upward phase for a long time, may enter a correction process. Here are Floki reviews and price predictions.
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Floki Coin Reviews and Price Predictions
Floki has recently attracted the attention of investors with an aggressive rise; The transaction value increased from $0.0000345 to $0.000236 in two weeks, recording a 700% growth.
Floki Inu's value got an extra boost with a bold marketing campaign in New York City's Times Square. The campaign, which will start on March 15, will last for three months and will make FLOKI the center of attention in one of the most prestigious advertising areas in the world. This strategic move underlines Floki Inu's efforts to carve out a significant niche for itself in the competitive crypto landscape.
However, it hit a major roadblock at $0.000218, as evidenced by a long-wicked rejection candle on the aggressive daily chart. This reversal reflects traders' profit booking and the potential for a small pullback for buyers to regain strength.
Lookonchain reported a 75% increase in $FLOKI price today, noting that whales bought back shares of 30 billion tokens worth approximately $7.14 million in the last six hours of his tweet. Selling by these major shareholders likely contributed to price volatility. Transaction details can be tracked via the provided Ethereum blockchain addresses.
Therefore , the potential pullback in Floki price may find suitable support at $0.00022, $0.000185, and $0.000156, which would coincide with the 23.6%, 38.2%, and 50% Fibonacci retracement levels, respectively.
- Average Directional Index: Daily ADX upward movement above the 52% level indicates that current buying momentum may be nearing saturation point
- Exponential Moving Average: The fast-moving 20- and 50-day EMA slope could act as a significant retracement support for crypto buyers.
- Based on today's classic pivot point (P1) at $0.000240 , Floki Inu has support levels at $0.000223, $0.000205, and the strongest at $0.000178. Similarly, Floki Inu resistance levels lie at $0.000267, $0.000293, and $0.000311.