FLOKI remained in a month-long ascending channel on the daily time frame, which could limit its ability to break higher.current market movement reflected its struggle with a major resistance level, resulting in a 3.53% drop over the last 24 hours and a slight 0.08% dip for the week.A shift in this bearish outlook could reverse FLOKI’s fortunes—but will it happen? AMBCrypto analyzes FLOKI’s next move.
If this zone holds, FLOKI’s next move could be a climb back toward the resistance at 0.00016339—the level that triggered its recent sharp drop. On the other hand, if the demand zone fails, FLOKI could fall further to 0.00013826. A break below this level would confirm continued trading within its month-long ascending channel.Recent trading activity suggests that traders are positioning for FLOKI to drop, potentially to the mid-range of the demand zone.