Floki Inu Price Prediction: Will FLOKI Coin Give Upward Rally?

• As per Floki Inu Price Prediction (CRYPTO: FLOKI), the coin price decreased by 1.89% over the last 24 hours.
• The price of the FLOKI coin is trading at $102.31 and the 52-week price bound range is $46.66 – $114.50.

As per Floki Inu Price Prediction, the coin price showed a decline of 1.97% in Open Interest in the last 24 hours. The 24-hour long versus short ratio is 0.8744. The total number of short positions added in the last 24 hours is $100.28 against longs of $68.31K. In the past 24 hours, the total liquidations coin was at $3.61K.
This month the coin underperformed as it was down by 19.91%. Also, FLOKI’s price was down by 30.33% in the last three months which highlighted underperformance over a span of three months. Moreover, the Floki Inu coin price year-to-date return is positive with an increase of 210.05% and the 1-year performance is positive with a 166.32% rise.

Floki Inu Technical Analysis in 1-D TimeFrame

The Floki Inu price prediction indicates the amount of FLOKI coin price traded in a day is $4.34 million. As observed, the trading activity is poor for the FLOKI coin which seems like an indication of previous profit booking in a bull run. Therefore, the price may see a fall soon.

As per the price action in the long term, it seems the price is taking support on the trendline and also taking support from the various support zone as observed over the daily time frame chart.  After every fall, the coin took support and tried to recover from the trendline. However, it is also observed that the coin took rejection from the EMA’s and fell 18% now the price is trying to sustain. We can anticipate more downward moves soon.

At the time of publishing, the price is trading below the 50, 100-day EMAs which are rejecting the trend. The stock is in an indecisive state as the price is below all EMAs and above the support zone, consolidating. But as examined, the coin’s volume lacks bull’s interest and resistance is high as the price is below major EMA’s.  If the coin succeeds in accumulating more buyers, only then it might surge and lead the price above hurdles.

The MACD indicator summarizes the downward momentum of the FLOKI price. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at 0.0000000235 and signal line at -0.0000004045 suggest that the MACD is in negative territory and is giving bearish signals.

The current value of RSI is 46.73 points. The 14 SMA line is currently above the median line at 50.43 points. As the price is going toward oversold territory, the market is witnessing bearish sentiment. 

Extraction

The Floki Inu price prediction highlights the sentiments and perspectives of investors and traders regarding the coin price being bearish in the 1D timeframe. The FLOKI coin price reflects a pessimistic view at the time of publishing. The technical parameters of the FLOKI price suggest the continuation of the uptrend over the daily time frame chart. Major legitimate indicators MACD, RSI, and EMA, flaunt negative signals about the FLOKI coin.

Technical Levels:

• The nearest support level is $0.0000190669.
• The nearest resistance level is $0.0000420553

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.