Shiba

Pepe

Bitcoin

Dogecoin

Shiba Inu

<p style="text-align: justify">The rising momentum of <a href="https://en.coin-turk.com/bitcoin-historical-data-and-models-is-40000-ahead/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), the leading cryptocurrency, has also affected some popular altcoins. Floki (FLOKI) and Pepe (PEPE) showed significant performance last week, with double-digit gains of 37% and 12% respectively. Additionally, <a href="https://en.coin-turk.com/shiba-inu-shib-team-relaunches-shibarium-l2-network-in-private-mode-after-technical-issues/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) and Dogecoin (<a href="https://en.coin-turk.com/bitcoin-struggles-as-ada-and-doge-draw-interest-what-levels-should-investors-prepare-for/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) achieved single-digit weekly gains of 2% and 4% respectively during the same period.</p>
<h2 id="floki-s-critical-report">FLOKI’s Critical Report</h2>
<p style="text-align: justify">A recent report revealed that Floki’s popularity and daily activity surpassed other meme tokens, partially explaining its impressive price performance. However, the token faced headwinds. The movement above $0.000025 caused a reversal of the losses Floki had experienced since mid-August.</p>
<p style="text-align: justify">In particular, the $0.000025 level represented an invalidated bearish order block (OB) on the 12-hour chart. At the time of writing, this level had been retested as support and was a critical level for an upward trend.</p>
<p style="text-align: justify">However, the price action encountered resistance at the $0.00003 level, which was a weekly bearish OB formed on May 22, 2023. The higher timeframe barrier could be relevant for further upward expectations unless Bitcoin (BTC) drops to $37,000.</p>
<p style="text-align: justify">Contrary to the assumption, if Floki falls below the $0.000025 support, sellers may gain market advantage. The next support to the south was at $0.00001988. Additionally, the demand and buying pressure in Floki’s spot market favored the bulls, as indicated by the rising OBV and RSI.</p>
<p><img decoding="async" class="aligncenter wp-image-269941 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/floki.png" alt="" width="1950" height="1109"></p>
<h2 id="negative-news-from-santiment">Negative News from Santiment</h2>
<p style="text-align: justify">However, the lack of significant capital inflows due to the CMF’s near-zero decline was a concerning trend. The negative Open Interest (OI) weighted funding rate could imply that the bearish trend is affecting the Floki market, causing investors to reconsider the token.</p>
<p style="text-align: justify">The decline in Santiment’s weighted sentiment metric confirmed a decrease in positive sentiment. Additionally, network growth exhibited a sharp decline, indicating a decline in Floki’s appeal. Despite some bearish readings, Floki has been in a steady accumulation phase since September, as shown by the rising 90-day average cryptocurrency age. Therefore, if BTC remains bullish, buyers may consider $0.000025 as a significant level.</p> Continue Reading: <a href="https://en.coin-turk.com/flokis-critical-report-and-negative-news-from-santiment/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/flokis-critical-report-and-negative-news-from-santiment/</a>

FLOKI’s Critical Report and Negative News from Santiment

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