- FLOKI is currently trading at $0.00002231 with a rise of 1.89% in the 24 hours.
- The live market cap is $221768161.
- They faced a massive decline of -20.73% in the last seven days.
FLOKI is a popular cryptocurrency among the people. They was originated by fans and members of the Shiba Inu (SHIB) community, and the name is also inspired by Shiba Inu. FLOKI is a decentralized community-run project. An unknown personality introduced this crypto, but then it was hijacked by the community and relaunched this project. FLOKI has a massive fanbase like Shiba Inu, and it also gets support from the community. The use cases of this crypto coin in NFTs, games, and decentralized finance features.
Trend Analysis
By studying historical price data, FLOKI is in a downtrend currently. The price declined -20.70% in the last seven days, and it can be said that FLOKI is underperforming right now.
FLOKI Price Analysis
EMA: FLOKI Price is trading below the 100-day EMA and 50-day EMA on the daily time frame, which is a negative sign. Investors’ sentiments regarding FLOKI are negative and are on the selling side.
MACD: Moving average convergence divergence gives a negative signal regarding the coin. The MACD line at -0.00000031591 and the movement line at -0.0000024607 are below the zero line, suggesting the MACD is in negative territory and giving bearish signals.
RSI: The current value of RSI is 31.26 points, and the 14 SMA line is below the median line, around 36.02 points which shows bearish sentiment in the market. The 14 Day SMA line is below the median. It indicates a negative trend or bearish sentiment in the market. The price is currently in an oversold zone.
Stochastic RSI: In the stochastic RSI, the %d line is 12.29, and the %k line is 20.26 points. The line indicates that RSI is overbought, while the line shows adverse sentiments regarding the price.
Volume Analysis: FLOKI trading volume of 24 hours is $19.61 million with a circulation of 9.209T.
Technical levels:
Support – The current support level of FLOKI is $0.0000200542.
Resistance –The current resistance level of FLOKI is $0.0000472614.
Conclusion
The price of FLOKI presently shows a pessimistic approach shortly. Major indicators like EMA, RSI, and MACD are showing negative signs in the coin, and investors are also not showing any significant buying interest. It could be happening due to the negative performance of the coin in recent times.
Disclaimer
The current analysis is given for informational purposes only. This information should not be considered financial, Investment, or other advice. Investing in or Trading Crypto assets comes with a risk of financial loss. Please consider your circumstances and risk profile before making any investment decisions.
