FLOKI price poised for a rally following break above 200-EMA


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  • FLOKI
    price
    faces
    resistance
    around
    $0.000150;
    a
    breakout
    above
    it
    signals
    a
    potentially
    bullish
    move
    ahead.

  • IntoTheBlock’s
    In/Out
    of
    the
    Money
    Around
    Price
    shows
    the
    key
    support
    zone
    at
    $0.000144
    and
    $0.0.000148.

  • A
    daily
    close
    below
    0.000129
    would
    invalidate
    the
    bullish
    thesis.

FLOKI
(FLOKI)
price
has
encountered
resistance
near
the
$0.000150
mark
during
the
past
week;
however,
a
breakout
above
this
level
could
indicate
a
bullish
trend. 


FLOKI
price
eyes
for
a
20%
rally

FLOKI
price
has
been
facing
resistance
at
the
weekly
level
of
$0.000150
for
the
last
five
days
and
trades
1%
down
at
0.000147
on
Thursday.

This
weekly
resistance
coincides
with
the
200-day
Exponential
Moving
Average
(EMA)
around
$0.000152,
making
a
key
resistance
zone.

If
FLOKI
closes
above
the
$0.000152
level,
it
could
rally
20%
to
retest
the
July
3
high
at
$0.000186.

Moreover,
a
lower
low
in
the
daily
chart
on
July
5
contrasts
with
a
higher
high
observed
in
the
Relative
Strength
Index
(RSI)
indicator
during
the
corresponding
timeframe.
This
phenomenon,
known
as
a
bullish
divergence,
typically
precedes
a
trend
reversal
or
a
short-term
upward
movement.

FLOKI/USDT daily chart


FLOKI/USDT
daily
chart

Based
on
IntoTheBlock’s 
In/Out
of
the
Money
Around
Price
(IOMAP),
nearly
452
addresses
accumulated
66.92
billion
FLOKI
tokens
at
an
average
price
of
$0.000145.
These
addresses
bought
the
dog-based
meme
token
between
$0.000144
and
$0.0.000148,
which
makes
it
a
key
support
zone. 

Interestingly,
$0.000144
and
$0.0.000148,
the
zone
mentioned
from
a
technical
analysis
perspective,
coincide
with
the
IOMAP
findings,
making
this
zone
a
key
reversal
area
to
watch.

FLOKI IOMAP chart


FLOKI
IOMAP
chart

Despite
technical
analysis
and
on-chain
data
suggesting
a
bullish
move,
if
FLOKI’s
daily

candlestick

closes
below
$0.000129
and
establishes
a
lower
low
on
the
daily
timeframe,
it
may
signal
a
shift
in
market
dynamics
that
favors
bearish
sentiment.
Such
a
change
could
invalidate
the
bullish
outlook,
leading
to
a
15%
crash
in
the
FLOKI’s
price
to
the
April
13
low
of
$0.000109.