FLOKI Breaks Above the Bullish Pattern May Surge By Over 200% in the Mid-Term!
Release: 2024/05/15 20:19 Reading: 464
FLOKI Breaks Above Bullish Pattern, Surge of Over 200% Possible Mid-Term!
Coinpedia Fintech News
The market has witnessed a significant shift towards meme coins, with FLOKI leading the charge. After steadily outperforming other top gainers, FLOKI has emerged with the potential to rally over 200% in the coming days.
FLOKI's breakout above a bearish range has injected liquidity into the token, leading to a surge in buying volume. The declining selling volume indicates diminished bearish influence.
Can FLOKI Reach a New ATH Above $0.0004 This Month?
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FLOKI has broken out of a symmetrical triangle, attracting substantial bullish attention. While buying fatigue may lead to consolidation, technical indicators suggest a strong foundation for further bullish momentum.
The Ichimoku cloud has signaled a bullish crossover, and the MACD is trending towards the bullish range. This suggests a sustained upswing towards the initial resistance zone between $0.00025 and $0.00026. A breakout above this level could trigger a surge towards $0.0003.
As FLOKI enters the discovery phase, a new ATH above $0.0004 appears imminent, potentially within the next few weeks.
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