- The price of the FLOKI is trading at the price of $0.00002164. The coin’s price decreased by 0.80% in 24 hours.
- The FLOKI price is observing an increase of 1.91% in the last 7 days.
- The market capitalization of FLOKI Finance Network at $216481631.
Trend Evaluation
By evaluating the price data of FLOKI, it can be said that it is in a downtrend currently. The price inclined by 1.91% in the last seven days and we can say that FLOKI is underperforming right now. From its peak price of $0.00033651, it fell by 93.53% in a year and demolished the investors’ wealth. The current market sentiments are not good. There is no big volume. Buyers are also not available in the current market scenario.
FLOKI Technical Analysis
EMA
The price of FLOKI has slipped below 50 and 200 EMA and it suggests that the price is in a bearish trend. A death cross has been indicated recently which is also a negative sign.
RSI
The RSI line has been moving in the oversold zone. The RSI line is around 35.72. The 14 SMA has a value of 31.74 points. This indicates that the FLOKI market is in the oversold zone.
MACD
Right now, MACD is giving bearish views. The MACD line is below the signal line and both the MACD line and the signal line are beneath the zero line hinting at the bearish sentiments related to the price.
Trendline Analysis
The price has respected its major trendline and currently, it is going downward striking back by resistance of EMA’s. So, the price of FLOKI can continue to fall up to the next support, and currently, it following its trendline properly if it breaks the next support, it can go down more.
Volume Analysis
The FLOKI trading volume of 24 hours is at $7284734 with a 1.30% decrease in volume in the last 24 hours. There is no substantial boost in the volume of the coin and it is because of a lack of buyers in the market.
Technical Levels
- Support – The current support level of the FLOKI is $0.0000200542.
- Resistance –The current resistance level of the FLOKI is $0.0000472614.
Conclusion
FLOKI is facing a tough time in the market. According to the present data and analysis, we can say that it is in the bear’s control. The price action suggests that the price may fall more in the upcoming days and this is because the price broke its major trendline support level. FLOKI price shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD are giving negative signals about the FLOKI coin. The fear is growing among investors because of the poor performance of the coin.
Disclaimer
The following analysis is provided for informational purposes only and should not be considered as financial, Investment, or other advice. Investing and Trading in Crypto coins involves the risk of capital loss.
