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FLOKI - Crypto Currency
Floki (FLOKI) is a meme-based cryptocurrency that started as a fan-driven project inspired by Elon Musk’s Shiba Inu dog, which is also named Floki. It belongs to the same category as other meme coins like Dogecoin and Shiba Inu, but it has since tried to expand beyond just being a meme.
FLOKI - Crypto Currency One Day Technical Analysis
Based on the 1-day chart you provided, the coin appears to be showing early signs of a bullish reversal. After hitting a low around 0.00000325, the price formed a base and started gradually climbing. Recently, it has broken above the 25-day moving average (yellow) and is approaching the 99-day moving average (purple), which could act as resistance.
The large green volume bar on the most recent candle suggests strong buying interest, possibly from new investors or a breakout setup. The price has also closed near the day’s high, which is a bullish signal. However, it’s still under the long-term MA(99), so for a stronger trend reversal, it needs to close above that level with good volume.
In simple terms: the coin was falling for a long time but now seems to be recovering. Buyers are stepping in, and if the momentum continues, the price could go higher — but it’s important to watch if it can break and stay above that purple line (the 99-day average) for confirmation.
FLOKI - Crypto Currency One Month Technical Analysis
Looking at the 1-month chart, the coin has been in a long-term downtrend since hitting a peak around 0.0008426. It continued to make lower highs and lower lows, showing clear selling pressure. However, in the most recent candle, there is a strong green candle forming after touching a bottom at 0.0000325. This could be an early sign of a potential trend reversal or at least a short-term bounce.
The price has closed higher with nearly 30% gain this month, showing growing buyer interest. Volume has also picked up compared to the previous months, which supports the move. The yellow line (7-month moving average) is still above the current price, which means the trend is not confirmed as bullish yet — but this could be the start of recovery if momentum continues.
In simple words: the coin has fallen a lot over the past year, but now it looks like it might be starting to rise again. Buyers are coming back slowly. If the price keeps going up and breaks above the yellow average line with good volume, the uptrend could become stronger.
Should we buy it Now?
Yes, but only with a small amount and if you understand the risks.
Here’s a simple and honest breakdown to help you decide:
Reasons to Consider Buying (Bullish Signs):
Bounce from Bottom: The price recently bounced from its lowest point (0.0000325), showing early signs of recovery.
Strong Volume: Increased volume on both daily and monthly charts suggests renewed interest from buyers.
Momentum Building: On the 1-day chart, it’s climbing above short-term moving averages, showing short-term strength.
Reasons to Be Cautious (Risks):
Still in Long-Term Downtrend: On the monthly chart, the price is still far below key levels and has not broken the long-term moving average.
Resistance Ahead: There’s likely resistance near 0.000008–0.000013 (seen in previous peaks), where sellers might return.
Volatility: These types of coins (especially meme or micro-cap coins) are highly volatile — prices can drop fast too.
My Suggestion (Not Financial Advice):
If you believe in the project long-term, you could start with a small amount now, and buy more only if it confirms a breakout above 0.000008 or 0.000013 with volume.
If you’re looking for a quick trade, wait for a clear breakout above the resistance or a retest of support with a strong bounce.
Always set a stop-loss (e.g., just below 0.0000055) to limit losses in case it turns down again.
