Floki Price Prediction: FLOKI Plummets 5% As Investors Shift To This AI Pepe That’s Raised $5.2 Million In Presale
The Floki price plummeted 25% in the last week and 5% in the last 24 hours to trade at $0.00009442 as of 00:12 a.m. EST on trading volume that dropped 41% to $166 million.
Floki Price On A Sustained Bearish Trend
The FLOKI price analysis on the 4-hour chart exhibits a clear downtrend within a falling wedge pattern, indicated by two converging trend lines.
The Floki price has been making lower highs and lower lows, which suggests strong bearish momentum in recent weeks.
Currently, FLOKI is attempting to break out of this descending wedge, hovering around $0.00009422. However, the price of Floki remains below key moving averages, which suggests that bearish pressure is still dominant, according to GeckoTerminal data
The 50-day Simple Moving Average (SMA) (white line) is acting as a dynamic resistance, while the 200-day SMA is positioned even higher at $0.00014871, confirming that the long-term trend remains bearish. If bulls can push the price above the 50-day SMA, it could signal an early sign of recovery.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows signs of a slight rebound, with the blue MACD line crossing above the orange signal line.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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