After staying weak throughout yesterday, Floki regained strength today following a fresh buying volume and continued to sustain recovery. It currently appears bullish and poised to take more highs.
The second quarter of the year has been a good start for several meme coins as the crypto market undergoes a recovery. Floki is not left behind in the phase as it reclaimed some lost ground in the last few weeks and is now considered bullish on the daily chart.
However, negative market sentiments have faded since the price started to recover in the first week of the month. Despite that, it is pertinent to say that the price is still in the bears’ territory on the short-term scale.
Currently, Floki is targeting the $0.0001 level. Rejecting this key level could result in a sell capable of bringing the bears back on track. If that comes into play, the meme coin could slide back to its recent low. A dip there should confirm more declines from a mid-term perspective.
A successful break above the aforementioned key level could result in more growth as the market continues to gain strength. Right now, Floki appears to be gathering momentum for a major surge on the daily chart.
Floki’s Key Levels to Watch
Following the latest daily surge, Floki may tap the $0.000109 level before deciding where to go next. A flip through this key level could send us to the $0.000148 resistance and potentially $0.00019 in the future.
A rejection from the current trading level could plunge the price back to the $0.000077, $0.000061 and $0.000522 levels before bouncing back. Losing the $0.00046 level in the process should trigger a bigger crash in the future.
Key Resistance Levels: $0.000109, $0.000148, $0.00019
Key Support Levels: $0.000077, $0.000061, $0.0000522
- Spot Price: $0.00087
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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