📉 FLOKI continues its bearish trend, breaking below a key support at $0.00011, now turned resistance. The current price at $0.00009535 risks further declines. The recent breakdown from its parallel channel signals potential downside toward $0.00005.
📊 FLOKI’s MVRV ratio sits at 1.24, indicating most holders remain profitable. However, 58% of holders currently in profit may trigger selling pressure if panic selling starts, pushing prices lower.
📌 Crucial support levels to monitor are $0.00007294 and $0.00005041 (0.382 Fib). A drop below $0.00005 could deepen losses to $0.00003192. On the upside, reclaiming $0.00011 resistance could lead to a recovery toward $0.00017.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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