Floki Inu (FLOKI) Price Prediction 2022-2025: Can FLOKI Reach $0.001?

FLOKI, at press time, was trading above the resistance zone it encountered in the latter half of June.

FLOKI, one of the popular meme coins, was trading, at the time of writing, above the resistance zone it encountered in the latter half of June. From June. In fact, it has formed a bullish pattern and is expected to rise by 60% in the coming weeks.

Chain metrics delivered good news to the bulls a week ago and soon a 41% price rise from the Fibonacci retracement level was seen. Technical analysis also revealed that the bullish momentum will likely continue, at least in the short term.

Prediction of Latest Upward Move

Source: FLOKI/USDT on TradingView

The meme coin tested the 78.6% retracement level for the second time in four months. These Fibonacci retracement levels were drawn based on the March FLOKI high, but are still very relevant.

With the $0.000176 level reversing into support, the bulls will target the next $0.000222 level as resistance. The daily RSI showed that momentum turned bullish after moving above the neutral 50 level. However, the Price Accumulation/Distribution indicator did not rebound as quickly.

It halted the previous downtrend, but its upward move was slow – a sign of weak buying pressure. While this did not indicate a divergence, it could serve as a warning sign for market buyers.

Network-wide accumulation has resumed

Source: Santiment

The average lifespan of the coin rose further after a sharp decline in early June. This can be interpreted as a sign of accumulation. The 30-day realized market cap index has climbed into positive territory, which could lead to selling pressure from short-term profit taking activity.

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Finally, social volume has dropped significantly from late May highs. A sustained uptrend could see more engagement and stimulate demand in the coming weeks.🎜

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