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NewsBTC 2022-10-06 22:45:42

Floki Inu Eyes Break Out At $0.00000800, But The Price Must Do This First

FLOKI price continues to struggle as price ranges in a downtrend channel with a major breakout imminent. FLOKI trades below key resistance as price ranges under 8 and 20-day EMA. The price of FLOKI struggles to flip key resistance into support. Floki Inu (FLOKI), one of the most popular memecoins in crypto, is expected to upset Shiba Inu, which won the hearts of many after a brief surge but may be set to repeat this move. All indicators and patterns indicate that the price of Floki Inu (FLOKI) is overdue for a rally to the $0.000015 region, and even higher if bulls are willing to push this price to a new high despite the current market downtrend. Floki Inu (FLOKI) has received a negative response, with prices trending in a downtrend channel while other altcoins and the crypto market look to bounce from key support areas. (Data from Gate.io) Related Reading: Dogecoin (DOGE) Defies The Bear, Outperforms Bitcoin And Ethereum, Lingering Trend? Floki Inu (FLOKI) Price Analysis On The Weekly Chart. Despite struggling to break above $0.000015 in recent weeks, the price was rejected and has remained range-bound as it prepares to trend higher to the $0.00002 region. FLOKI’s price found weekly support at $0.0000060 after falling by more than 70% in the previous few months due to the current market not allowing FLOKI to trend. There is no doubt that the price of FLOKI will surge when the market recovers from its current bearish sta...

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