Bitcoin

FLOKI

Reversal

The post <a href="https://coinpedia.org/price-analysis/will-this-reversal-pump-floki-price-50-this-week/" rel="noopener noreferrer nofollow">Will This Reversal Pump FLOKI Price 50% This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the broader crypto market remains divided into two different spectrums, the meme coins are mostly bullish. One of the top-performing tokens, FLOKI, is on the verge of a bullish price trend.&nbsp;
After days of consolidation and the Bitcoin dangling at $62K levels, will the meme coin jump to a new high this week? Let’s find out if the <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" rel="noopener noreferrer nofollow">FLOKI price prediction </a>of reaching $0.0010 starts this week.&nbsp;
<h2 class="wp-block-heading" id="h-floki-price-performance">FLOKI Price Performance</h2>
Dropping under the 50D EMA, the downfall in the FLOKI price trend takes a lateral shift near the 200D EMA. Starting an accumulation phase above the dynamic support, the meme coin remains dominant above the $0.00015 mark.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfM9RV2vYAmr2-cbw7Fd4a9fswtYHFW1I1axlzOuQx9RBVNe8-QnHoWV2HKLZAYd3RBsqd9mBoXT5U4V-zhDoH9IH3XfVc6eIPkFtiCHGOX_FDVTUzg14C4vJQUQAYO525aMf31Fd0msD6ssBjRj8FY0337?key=G8vmqqgsBQBviALwRzJFWw" alt="">
</figure>
<a href="https://www.tradingview.com/x/U6ULAss8/" rel="noopener noreferrer nofollow">TradingView</a>
Further, the increasing chances of a bullish reversal from the 200D EMA teases a double-bottom pattern in the FLOKI price trend. After 14 days of consolidation, the bullish reversal can result in a breakout move above the 50D EMA.&nbsp;
Currently, the FLOKI price trades at $0.000177 with an intraday gain of 4.62%, leading to a bullish candle. Hence, this increases the chances of the accumulation phase breakout, teasing a fresh bull run.&nbsp;
Technical Indicator:
MACD: The MACD and signal lines merging below the zero line tease a bullish crossover. With bullish histograms resurfacing, the momentum indicator bolsters the bull run in the FLOKI price.&nbsp;
EMA: A death cross looms in the daily chart with the declining 50D EMA.&nbsp;
<h2 class="wp-block-heading" id="h-will-floki-make-a-50-leap">Will FLOKI Make A 50% Leap?</h2>
The bullish reversal, starting with the accumulation range breakout, can result in a jump to the $0.00026 mark this week. Further, the reversal will kickstart the double-bottom pattern formation and can result in a price jump to the $0.00035 mark.&nbsp;&nbsp;
As per the trend-based Fibonacci levels, if the uptrend in the meme coin sustains, then a jump to the $0.0005650 mark or the 1.618 Fibonacci level is possible.&nbsp;However, a bullish failure can result in a downfall under $0.00015.

Will This Reversal Pump FLOKI Price 50% This Week?

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