Brief Analysis——FLOKI

Previously, we conducted a brief analysis of PEPE and FLOKI, suggesting a high probability of fluctuations. Today, PEPE has become the focus of the market once again and is approaching ATL. We remake the analysis of PEP and FLOKI, hoping to provide you some inspiration.

Today, the PEPE team and early buyers have transferred a significant amount of PEPE to exchanges. These actions have caused the price to approach its half-year-lows. As a legendary meme token, its founder has not followed the announced route map to develop the PEPE community and increase its utility. This has disappointed many meme holders, leading to a decline on the majority of meme tokens today.

Similarly, for the new meme token FLOKI, the situation is even more challenging. After our previous brief analysis, the trend for FLOKI has been a pattern of decline, fluctuating, and then another decline. Last week, three consecutive long red candles broke through the year-lows. During the subsequent rebound, there was hardly any sign of bullish power.

Conclusion: Mostly falling. After a few days of fluctuation, we can observe an increase in bearish strength. FLOKI maintains bearish on a large scale. This leads us to the conclusion that the downward movement is still ongoing. We set the resistance level at 0.0000205 and the support level at 0.0000160.

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.