Floki is back under the spotlight after an amazing overvoltage of 40% day. But below the surface, the chain data and the graphic models suggest that the Floki prices rally can still have more fuel.
Here is a ventilation of what is happening and why a passage to $ 0,000164 seems quite possible.
Dormant coins remain silent as the rally is built
Before taking off the rallies, it is important to check if older tokens are moved; A common sign of big sales holders. In the case of Floki, they were not.
The metric consumed by age, which follows the extent of the older parts, remained largely silent. In early July, Floki age consumed around 62 billions of Billion, pointing out a potential redistribution. But at the time of writing the present
This indicates that porter holders do not move their tokens despite the rally, reducing the sale pressure and giving the trend room to develop. An increase in the age consumed would have reported old tokens reintegrating the market, often before corrections. The absence of this point points out the confidence and the maintenance behavior, not the sale of panic.
Floki sees a rare ema bruise crossover
The action of Floki prices began to resume on July 10, when the 20 -day EMA (exponential mobile average) crossed the EMA of 50 days. Two days later, the 20 days also dropped above the EMA of 100 days and, on July 16, the 50-day EMA exceeded 100 days, confirming a rare Haussier Crossover Ema Rare.
This alignment shows a growing short -term force with longer trends and is often observed at the start of prolonged bullish movements.
In simple terms, when shorter EMAs exceed the longest, this reflects an upward momentum. The triple crossing amplifies this signal by showing strength through short, medium and long -term views; A classic configuration that traders could interpret as a long entrance area.
Could the Floki price increase by 25% from here?
Floki Price is now negotiated at $ 0,000132. Based on the Fibonacci extension based on trends, taken from $ 0.000059 (lower impulse), reaching a local summit of $ 0,000,104 and backing up to $ 0.000091, Floki seems ready for growth.
Post the retrace at $ 0.000091, Floki has already recovered several levels of key fibonacci, including 0.618 (one of the strongest), and recently encountered resistance around the price level of $ 0,000136.
If this resistance is broken (which has already been attempted), the Floki price could target the extension of 1.618, which is at $ 0.000164, potentially triggering a 25% rally from the current levels. This area is a typical target of continuation in strong upward waves.
However, there is also a clear level of invalidation. If the price of the Floki drops below the level of FIB from 0.236 to 0.000102 $, it would break the upward structure. This level marked the start of this impulsive rally, and losing it could point out that the momentum is fading.
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