FLOKI Crypto Price Forecast: Will FLOKI Price Bounce Back?

• 1 FLOKI crypto price decreased by 5.58% over the past seven days.
• 2 FLOKI crypto price is currently trading at $0.00001573 with a drop of 2.24% in the last 24 hours.

FLOKI price prediction indicates that the FLOKI crypto may see further depreciation in its value within the next few sessions. Presently, the FLOKI price has been down by 5.58% over the past 7 days. According to the price action, it is facing bearish pressure.

At present, the bears are in charge of the trend. although the bulls attempted to take control. Despite the bullish optimism, the buyers were unable to break above 200 EMA, and bears regained supremacy over the price action on the 1-day chart.

FLOKI crypto is trading under the key exponential moving averages within the bears’ grasp. The price is facing resistance from the 50 EMA on the daily timeframe. The price is facing substantial selling pressure in the supply zone which indicates that bears may push its value down further in the near future.

The technical indicators suggest that bears hold the edge over the price action. The price pattern, oscillators, EMA’s, and Volume are moving in tandem, giving similar signals.

At the time of writing, FLOKI was trading at $0.00001573 with an intraday loss of 2.24%, signaling bearishness. Moreover, the trading 24-hour volume is 23.44 Million and the last 10 days’ average trading volume is $32.921 Million.

Technical Analysis of FLOKI Crypto Price in 1-D Timeframe

Source: FLOKI.1D.USD by TradingView

At the time of publishing, FLOKI crypto (USD: FLOKI ) was trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price trend.

However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the FLOKI price is expected to move downwards giving bearish views over the daily time frame chart.

The current value of RSI is 35.33 points. The 14 SMA is above the median line at 41.96 points which indicates that the FLOKI crypto is bearish.

The MACD line at -0.00000062 and the signal line at -0.00000051 are below the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the FLOKI crypto price.

Summary

Technical oscillators indicate a bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the FLOKI crypto price. FLOKI price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.

Technical Levels

• Support Levels: $0.00001315 and $0.00000882.
• Resistance Levels: $0.00002055 and $0.00002488.

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 own research before making any financial decisions

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