After a 72% plunge last year, it suddenly surged by 18% recently—the key reason being that it finally broke through the descending resistance line that has been pressing on it since October. This is the third attempt, and this time it succeeded, with trading volume soaring to $147.7 million.
The technical outlook indeed shows supportive signals. The SAR indicator is now below the price, and the Money Flow Index (MFI) has also crossed above 50, both indicating that there is still room for a rebound. However, the Accumulation/Distribution indicator remains somewhat negative, suggesting that selling pressure has not been fully released, which is a hidden risk.
The next target is very clear—this high at $0.00008930 is within sight. But honestly, how far this rally can go depends on whether the buying momentum can withstand the selling pressure. There is indeed a short-term opportunity, but caution is needed regarding potential sell-offs at resistance zones. For FLOKI to fully turn around, more time and confirmation are required.
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StakeHouseDirector
· 01-07 14:42
Third breakthrough successful? So how did the first two fail? I don't remember.
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consensus_failure
· 01-06 18:46
Successfully broke through the third resistance line? Hopefully, this isn't a false breakout again. Let's see how long it can hold before making any judgments.
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LiquiditySurfer
· 01-06 00:37
The third shock only broke the level; this rhythm is indeed a bit torturous... But the MFI above 50 is definitely a signal, it's just that A/D is still dragging behind, a typical prelude to a false breakout.
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GasFeeTears
· 01-05 07:10
The third breakthrough has finally succeeded. Can it hold this time? It still feels like there's quite a bit of selling pressure.
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GweiWatcher
· 01-05 07:10
The third breakthrough of resistance is really a blessing for bottom-fishers, but I still feel that this selling pressure isn't that easy to shake off...
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BearMarketBro
· 01-05 07:06
It's the third time already, and this time it finally broke through the resistance... but the A/D is still red, indicating selling pressure hasn't been fully released yet.
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digital_archaeologist
· 01-05 07:01
Breaking through the resistance line for the third time and succeeding—how lucky is that... But with such a huge trading volume, it doesn't feel like just hot air.
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MemeTokenGenius
· 01-05 06:56
The third time breaking the resistance was successful. This time is different, the trading volume has exploded. I'm optimistic.
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ser_we_are_ngmi
· 01-05 06:41
Only succeeded after breaking the resistance line for the third time? This dog is really timid... However, an 18% increase does show some potential, just worried that selling pressure later might bring it back to the starting point.
#数字资产动态追踪 FLOKI's rebound is quite interesting.
After a 72% plunge last year, it suddenly surged by 18% recently—the key reason being that it finally broke through the descending resistance line that has been pressing on it since October. This is the third attempt, and this time it succeeded, with trading volume soaring to $147.7 million.
The technical outlook indeed shows supportive signals. The SAR indicator is now below the price, and the Money Flow Index (MFI) has also crossed above 50, both indicating that there is still room for a rebound. However, the Accumulation/Distribution indicator remains somewhat negative, suggesting that selling pressure has not been fully released, which is a hidden risk.
The next target is very clear—this high at $0.00008930 is within sight. But honestly, how far this rally can go depends on whether the buying momentum can withstand the selling pressure. There is indeed a short-term opportunity, but caution is needed regarding potential sell-offs at resistance zones. For FLOKI to fully turn around, more time and confirmation are required.