Rally

FLOKI

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/floki-price-analysis-bullish-influence-over-floki-range-hints-at-a-breakout-rally-to-0-000030/">FLOKI Price Analysis: Bullish Influence Over FLOKI Range Hints At A Breakout Rally To $0.000030!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Struggling to regain bullish momentum over the last few months, the FLOKI coin price is declining. Taking constant support from the $0.000023 level, FLOKI price action forms a descending triangle pattern.&nbsp; 
Currently, the FLOKI price action is forming a bearish candle with an intraday fall of 1.56%. However, the overall price trend close to the support level increases a positive cycle possibility.&nbsp; 
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Maintaining a sideways trend, FLOKI coin price action forms a consolidation range at the bottom support of the triangle pattern. Moreover, the price action displays multiple lower price rejection candles representing buyers ready to absorb any spike in supply pressure.&nbsp; 
The daily RSI line maintains positive growth despite the sideways trend in the FLOKI price, giving rise to a bullish divergence. Moreover, the MACD indicator showcases a bullish crossover in action. Therefore, the technical indicators maintain a positive standpoint for the meme coin.&nbsp; 
Considering the FLOKI price action starts a new bull cycle, the unleashed price trend can pump the fourth largest meme coin by 10% to $0.0000249. Optimistically, a triangle breakout can prolong the uptrend to the $0.000030 mark. 
On the flip side, a breakdown below $0.000023 will plunge the FLOKI coin price by 23% to test the $0.00001715.

FLOKI Price Analysis: Bullish Influence Over FLOKI Range Hints At A Breakout Rally To $0.000030!

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