Memecoins are consolidating after a recent breakout and now again look good for a new rally. Floki Inu is the leading candidate for a buy in this sector.
Support at $0.00013 held up and price has broken back above 200-day MA, retaining it’s long-term Uptrend.
Now it broke above $0.00019 to signal continuation of uptrend, with +40% upside potential to $0.00027 next. Stop Loss at $0.000165.
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Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it’s advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
Weekly Price Analysis
Price Change (7 days): +0.05%
Weekly Low: $0.0001801
Weekly High: $0.0001902
Trend: Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.00013, then $0.0001. Nearest Resistance Zone is $0.00019, then $0.00027.
Technical Indicators
Moving Averages
SMA 50: $0.000215 (Sell)
SMA 100: $0.000208 (Buy)
SMA 200: $0.000123 (Buy)【8†source】
Exponential Moving Averages (EMAs)
EMA 50: $0.000211 (Buy)
EMA 100: $0.00018 (Buy)
EMA 200: $0.000136 (Buy)
News Roundup
Scam Warnings: Floki Inu warns against scam tokens on Solana and Base platforms
Philanthropic Efforts: Plans to build a new school in India following successful projects in Nigeria, Laos, Guatemala, and Ghana
Institutional Investment: DWF Labs invests another $12 million in Floki tokens, anticipating the launch of the Valhalla metaverse game and a decentralized domain service
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