he previous demand zone by August. This zon
In the first quarter, Floki token peaked at $0.0003012 before declining to form support at the $0.0001113 demand zone by mid-April 2024. From this zone, FLOKI surged to a new all-time high (ATH) of $0.00034873 by June 5th, 2024.
However, profit-taking led to sell-offs, causing FLOKI to dip back to the previous demand zone by August. This zone demonstrated its resilience with multiple effective bounces.
On August 5th, FLOKI showed a liquidity grab candle and rose higher, but it failed to replicate the significant gains seen previously on the daily chart. By the end of August, the price couldn't surpass the $0.0001585 barrier and fell back to the demand zone.
In the last month of Q3, a bullish presence has been observed, with a dimmer momentum than before. However, clearing the 20-day EMA is a bullish sign. Being at a crucial demand zone, FLOKI could potentially see major gains ahead, similar to previous records. Investors might find opportunities for bullish price developments in the next quarter, Q4.
If the price continues to rise, the next resistance levels are at $0.0001585 and $0.0002201. Conversely, failing to do so could lead to a price drop below the demand zone.
However, profit-taking led to sell-offs, causing FLOKI to dip back to the previous demand zone by August. This zone demonstrated its resilience with multiple effective bounces.
On August 5th, FLOKI showed a liquidity grab candle and rose higher, but it failed to replicate the significant gains seen previously on the daily chart. By the end of August, the price couldn't surpass the $0.0001585 barrier and fell back to the demand zone.
In the last month of Q3, a bullish presence has been observed, with a dimmer momentum than before. However, clearing the 20-day EMA is a bullish sign. Being at a crucial demand zone, FLOKI could potentially see major gains ahead, similar to previous records. Investors might find opportunities for bullish price developments in the next quarter, Q4.
If the price continues to rise, the next resistance levels are at $0.0001585 and $0.0002201. Conversely, failing to do so could lead to a price drop below the demand zone.
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