FLOKI

FLOKI is facing a challenging market environment as the broader cryptocurrency landscape struggles. In an X post on Friday, Jelle observed that FLOKI seems to be forming a higher low at a crucial support level. Despite the recent challenges in the cryptocurrency market, FLOKI is also facing significant struggles.Potential Rally or DeclineJelle believes the summer’s choppy market might be ending, suggesting that FLOKI could prepare for a new rally in the second half of the cycle. However, the token’s performance has shown signs of weakness, as bulls failed to regain the $0.000176 level. Despite efforts, FLOKI has not yet retested the key resistance zone near $0.00016, signaling potential difficulties ahead.Bearish Market IndicatorsMarket indicators reveal growing bearish sentiment. The Chaikin Money Flow (CMF) dropped below -0.05, signaling a significant outflow of capital from the market. Meanwhile, the Relative Strength Index (RSI) on the 4-hour chart remains firmly in bearish territory, increasing the likelihood of further losses for FLOKI in the near term. As of press time, FLOKI has been trading at <a href="https://coinmarketcap.com/currencies/floki-inu/" rel="noopener noreferrer nofollow">$0.0001203</a>, showing a decline of 1.775% over the past day.<a href="https://cryptotale.org/floki-faces-bearish-sentiment-amid-market-struggles/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

FLOKI Faces Bearish Sentiment Amid Market Struggles

CryptoTale

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