FLOKI Price Prediction: Can FLOKI sustain above $0.00002174?

• FLOKI Price Prediction dictates a minor downtrend with a monthly decline of 29.97%.
• FLOKI/USDT surged 194.95% in the last six months

 

FLOKI Price Prediction highlights the bearish momentum of the price. The prices fell sharply after a new all-time high of $0.0000618. FLOKI Crypto is trading at $.0.000024620. The price is down 5.13% in the last 24H. The 24H trading volume saw a jump of 4.89%. The Total Market Cap is $233,463,714.

 

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Floki Price Prediction: Bulls are trying to defend primary support.

 

The Daily Chart is showing the fight of Bulls who are trying to escape from the bearish grips. Prices are trading at critical levels increasing the tension amongst the investors. Bears began unleashing their force through a series of intense selling since February. The price kept trading in a range since March.

Floki Price Prediction gives an insight into a more bearish scenario where the buyers failed to defend the primary support of $0.00003018. This event was followed by a huge dump of almost 38% which left the buyers with losses. A moderate recovery of 50% came in right from the secondary support of $0.00002448.

A loss of Bullish Momentum: Technical Indicators

 

On the 4H Chart, FLOKI Token loses momentum as it approaches the resistance. This defines the losing strength of the Bulls against the Bearish sell pressure. FLOKI Crypto ditched the 200 EMA along with the 9 and 15 EMA to proceed with a downfall. However, the big spikes in Volume indicate increased buying interest.

Floki Price Predictions convey a highly volatile price action that can provide exciting opportunities with high risks. The current momentum may lead to a fall of 12% in support. Meanwhile, if the bulls manage to break the resistance, the prices can surge at least 33% before encountering a hurdle at $0.00004404.

RSI

The RSI indicator is currently at 34.52 on the 4H. The price is moving to the oversold territory. The market is bearish.

MACD

 The MACD indicator made a bearish crossover while attempting a descent below the 0 Line. The market gets into a longer correction

200 EMA

As observed, on the 4hr, the price is trading below the 200 EMA(exponential moving average) which acts as a significant resistance. This is a clear indication of a downtrend where the sellers are in control and for a trend reversal, the price must break and trade above the 200 EMA.

Conclusion

FLOKI Price Prediction highlights the bearish price action of the market. The Prices are struggling to sustain important support levels. The trajectory can lead the FLOKI Crypto to further depths.  The Technicals are pointing in the downward direction and there are no signs of a reversal. A break above the resistance can reinstate the confidence of the Bulls. Investors are advised to navigate the current. volatility with strict risk management

Technical levels

Support Levels: $0.000021176- Support 1

     $0.000021106 – Support 2

Current Price: $0.000024620

Resistance Levels: $0.000030181 – Resistance 1

          $0.000040444- Resistance 2

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.