- The structure of the Floki market on everyday life and the 4 -hour cards were lower.
- Other losses have been planned because the momentum and the volume also favored sellers.
Floki (Floki) dropped by 31.6% below the stockings from November. All even The sector has experienced large losses.
During the last month, the sector fell by 41.5%. Floki’s losses have not yet been interrupted, and the price has dropped below the level of Fibonacci retracement of 78.6% based on the rally from March 2024.
Currently, the Swing Low of February 3 was the short -term goal due to the widespread trend. How far can the coin be weaker?
Floki Channel could offer merchants opportunities
Source: Floki / USDT on tradingView
OBB has been downwards since November. However, he climbed higher in February, but the downward trend was still at stake because she had not made a new higher summit in 2025.
This corresponded to the action of prices, which has maintained a lower structure since December.
The RSI on the daily graphic has also been a lowering since mid-December. An upward divergence was not yet at stake, and Floki was likely to go downwards at February at $ 0.0000713 once again.
Source: Floki / USDT on tradingView
The 4 -hour table has shown that a downward structure was in play again. After a few days to defend the level of $ 0.000086 as a support, it was poured below during the last week of February.
This was followed by a retest of $ 0.000086, the old local support, as a resistance.
Subsequently, a descending channel was formed. A set of lower ups and lower stockings has formed, and the intermediate level also served as a support in last week.
The H4 graph has shown that the OBR has been in a regular decreased trend, showing a persistent sales volume. The RSI was also below the neutral 50 and the bears were dominant.
Traders could use the downhill channel to sell Floki. As indicated on higher delay cards, the following support levels were $ 0.0000713 and $ 0.0000,000,375.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
(Tagstotranslate) Ambcrypto
