Sword Inu
streamoors
Altai the Tiger
no crying in the casino
IGNITION
Pudgy Penguins
Quantus
- The FLOKI price has dropped by 30% from its all-time high.
- The Floki crypto price has fallen 7.76% in the last 24 hours.
According to the technical chart, the Floki (FLOKI) price has performed extremely bullish. It has risen by 257% in just two weeks. The price has recorded an all-time high of $0.000174 on March 04, 2024. Currently, the price is facing rejection from the $0.000160 mark and has declined by 24% in three days.
Floki Inu crypto’s price increased in the last week of February and continuously formed positive candlesticks. It witnessed a sharp move, which led to an all-time high. As evident on the chart, the price has declined a little bit from the recent high. The buyers are trying to convert that loss into a pullback.
The current market price of Floki is $0.000120, with an intraday loss of 7.76%. This cryptocurrency’s market capitalization is $1.18 billion, with a fall of 7.30% in the previous 24 hours. The 24-hour trading volume of the crypto is $617 million, and it ranks 37th in the cryptocurrency market according to its trading volume.
The RSI is at 70 and declining from the overbought zone, signaling profit-booking momentum. The FLOKI price is trading over the significant moving average and melting to the 20-day moving average.
The FLOKI Price is Near All-time High; What’s Next?
The Floki Inu crypto price has been bullish and is currently facing resistance from the $0.000160 mark. The technical chart indicates that the Floki Inu crypto price is looking for a pullback.
If the FLOKI price manages to sustain the $0.000110 mark and rises, buyers may enter the dip. The price will record a new all-time high if it surpasses the last swing high, and a buying momentum can be possible for the next few days.
Alternatively, buyers can panic and prefer to book profit if the FLOKI price fails to defend the $0.000110 level. The buyers may lose momentum due to the panic selling, and a sharp fall can be expected.
Floki Price Prediction on 4-H Timeframe
In a 4-H time frame, the Floki crypto price has formed a double-top pattern and declined by 23% in a few hours. The price is heading for the neckline of the $0.000100 mark. A short-term buying momentum can be expected if it drops to the neckline and sustains.
Suppose the price bounces back and surpasses the 20-day moving average, the buyers may become confident and lift the price to a new all-time high. On the other hand, if the Floki Inu price slips below the neckline, investors may prefer to book profit, and selling momentum can be observed.
Conclusion
The technical chart indicates that the Floki Inu price has witnessed a strong bullish trend and has risen by approximately 250% in a month. Here the buyers are dominant and have recorded an all-time high. The FLOKI price is facing resistance from the $0.000160 mark, and the buyers seem trapped on a high. According to the chart, a bullish trend can be expected if it triggers a pullback.
Technical Levels
Resistance: $0.000150 & $0.000160
Support: $0.000100 & $0.000050
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
