Key Takeaways
- FLOKI’s price surges as bulls dominate the price following recent news of the Robinhood listing.
- FLOKI breaks out of its downtrend price action after six months of price consolidation.
- If buying pressure continues, the price could rally toward $0.00020.
FLOKI, the dog-themed memecoin, is showing strong bullish signs of a potential breakout to the upside following recent events in its ecosystem and the news of U.S. trading platform Robinhood making the memecoin available for trading.
The availability of FLOKI memecoin on the U.S. platform makes it available for trading for U.S. citizens and for investors looking to gain exposure to the memecoin space.
In response to these events, the price has broken out from its downtrend to the upside, retesting key points and potentially continuing to the upside in the coming weeks.
If the price of FLOKI maintains current price action, we could see more upside price gains, as it has gained bullish dominance in the last few days, breaking its range price movement that has prevented a strong rally.
Whale and Retail Activities Increases
The current market sentiment for FLOKI has flipped bullish following a recent price action breaking out from a textbook bullish pattern to the upside.
Indicators and activities in the FLOKI ecosystem have increased, indicating a renewed market sentiment as bulls could look to push the price to potential highs around $0.000155 in the coming weeks.
A breakout above these key resistance levels could spark a more upside rally for the price towards new all-time highs, as the price has failed to demonstrate upside price gains since falling by over 70% in the last six months.
However, the technical price chart for FLOKI has gained the interest of crypto experts who are predicting a strong price gain following an increase in price volume.
Technical Analysis as FLOKI Flash Buy
Following a strong market reaction from its weekly low around $0.000048, the price of FLOKI rebounded towards $0.00012, breaking its downtrend with a higher timeframe confirmation as price eyes a potential $0.0002 weekly high.
If the memecoin price breaks its resistance of $0.000155, we could see bulls rallying behind the memecoin price towards potential new highs following a strong bullish market sentiment for the price.
In summary, FLOKI is bullish as retailers and investors look for more buying opportunities towards a potential new all-time high.
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