Floki Price Prediction: Technical Indicators Suggest 20% Upside Potential
The post Floki Price Prediction: Technical Indicators Suggest 20% Upside Potential appeared on BitcoinEthereumNews.com. Floki Inu (FLOKI) is showing renewed signs of strength as its price structure continues to form a series of higher lows and higher highs. A recent move above key technical levels has pushed the token closer to a psychological resistance, hinting at a possible breakout. With both momentum indicators and trading volume aligning, FLOKI may be preparing for an extended move that could see it test multi-month highs. Accumulation and Momentum Build Below Key Resistance The 1-hour FLOKI/USDT chart displays a rising trendline with minor consolidation, currently guiding the price toward $0.000099. The structure suggests accumulation, with multiple instances of short-term pullbacks being absorbed by buyers. Each retracement has resulted in renewed upward pressure, pushing the price incrementally higher while maintaining the short-term bullish channel. Price is now stabilizing above $0.0000969—a zone of significance as it coincides with the 200-day MA/EMA. Source: Open Interest Open interest data supports this bullish setup. Aggregated open interest has decreased slightly from 4.77 million to 4.73 million. Typically, a drop in open interest during a rising price scenario can suggest that speculative positions are exiting, possibly leading to a healthier, spot-driven rally. This divergence between growing price action and falling OI signals that buying pressure may be coming from more stable holders rather than high-leverage traders. Crypto analyst Traicy from TrackFi.ai noted FLOKI’s reclaim of the 200-day average as a critical bullish development, stating that momentum could accelerate if this level holds. Rising Volume and Stable Market Cap Support Uptrend FLOKI’s 24-hour chart reflects continued upside momentum, with a close at $0.00009888 after gaining 2.89%. Throughout the day, price action formed strong intraday lows and resisted multiple dips below $0.000094. Toward the session’s end, the token made a strong upward push, briefly touching $0.000099. This move positions FLOKI near the $0.00010 psychological level—a potential…
The post Floki Price Prediction: Technical Indicators Suggest 20% Upside Potential appeared on BitcoinEthereumNews.com.
Floki Inu (FLOKI) is showing renewed signs of strength as its price structure continues to form a series of higher lows and higher highs. A recent move above key technical levels has pushed the token closer to a psychological resistance, hinting at a possible breakout. With both momentum indicators and trading volume aligning, FLOKI may be preparing for an extended move that could see it test multi-month highs. Accumulation and Momentum Build Below Key Resistance The 1-hour FLOKI/USDT chart displays a rising trendline with minor consolidation, currently guiding the price toward $0.000099. The structure suggests accumulation, with multiple instances of short-term pullbacks being absorbed by buyers. Each retracement has resulted in renewed upward pressure, pushing the price incrementally higher while maintaining the short-term bullish channel. Price is now stabilizing above $0.0000969—a zone of significance as it coincides with the 200-day MA/EMA. Source: Open Interest Open interest data supports this bullish setup. Aggregated open interest has decreased slightly from 4.77 million to 4.73 million. Typically, a drop in open interest during a rising price scenario can suggest that speculative positions are exiting, possibly leading to a healthier, spot-driven rally. This divergence between growing price action and falling OI signals that buying pressure may be coming from more stable holders rather than high-leverage traders. Crypto analyst Traicy from TrackFi.ai noted FLOKI’s reclaim of the 200-day average as a critical bullish development, stating that momentum could accelerate if this level holds. Rising Volume and Stable Market Cap Support Uptrend FLOKI’s 24-hour chart reflects continued upside momentum, with a close at $0.00009888 after gaining 2.89%. Throughout the day, price action formed strong intraday lows and resisted multiple dips below $0.000094. Toward the session’s end, the token made a strong upward push, briefly touching $0.000099. This move positions FLOKI near the $0.00010 psychological level—a potential…
What's Your Reaction?
