Few of the indicators hinted at a trend reversal on the chartsbears have been dominating the market since last week as the memecoin shed a significant chunk of its market capitalization. In fact, the most recent price decline has pushed FLOKI down to a critical level. If the memecoin manages to test the support, then investors might witness a comeback on the charts.revealed that bears pushed the memecoin’s price down by a whopping 28% in the last seven days.
Additionally, after a spike on 12 June, FLOKI’s social volume also dropped – A sign of its falling popularity.Chimp of the North, a popular crypto analyst, recently shared aAs per the tweet, the latest price dip pushed the memecoin’s price down to the critical support zone of $0.00020. This is a critical zone, and if bulls step up their game, then FLOKI might recover from its loss. A bull rally might as well allow the memecoin to reach $0.00035 in the coming days or weeks.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »