FLOKI Price Crashes From The Highs: A Rebound Or Downfall Ahead?
FLOKI Price Crashes From The Highs: A Rebound Or Downfall Ahead?
FLOKI price crashed from fresh highs and eroded nearly 50% of its value in the last three weeks.
The price DAA divergence indicator has improved indicating waning interest of the sellers at the bottom.
FLOKI price seemed to be stabilizing near the 200 day Exponential moving average after a crash from the fresh highs. The investors lost nearly 50% in the last three weeks due a sudden price crash.
At the time of writing, FLOKI was exchanging hands close to $0.00016 recording a 1.73% drop a day. Moreover there has been a notable development in the price DAA divergence indicator which may add hope to the long term Investors.
Let's dive deeper and try to analyze the outcomes and forecast how sooner or later the FLOKI price may head for a recovery.
FLOKI Crypto: Price DAA Divergence Indicator Starts To Improve?
After a sharp crash in the recent sessions, FLOKI price is attempting to stabilize near the key exponential moving average adding some relief to the long term investors. However, a notable development has been observed in the price DAA divergence which may also rejoice the long term investors of FLOKI.
As per the data obtained by a financial and on-chain website app.santiment.net, a bearish divergence between the price and daily active address had started ceasing. It suggests that the bears might be losing interest, attracting a possibility of recovery if the bulls dominate.
Price DAA divergence is an on-chain indicator which tracks the correlation between the price and daily active addresses. A positive divergence is often regarded as a trend continuation and vice versa.
Can FLOKI Make A Strong Comeback?
FLOKI crypto has crashed eroding the gains obtained in the last three months. The recent price crash has weakened the short term trend. However, the long term trend still points to a positive side as the price still hovers above the previous swing low and 200 day Exponential moving average.
Currently, the FLOKI Crypto seems to be stabilizing above the recent demand zone of $0.000153 and 200 day EMA probably gathering strength to rise again. Now, if FLOKI breaks the consolidation on the lower side, it may indicate a bearish reversal.
On the other side, if a break on the higher side may indicate a bullish continuation in the crypto. However, it requires ample consolidation before a breakout. The RSI and SMA line have also surged from an oversold zone adding more to an improving sentiment.
What’s Next For FLOKI: Breakout Or Breakdown?
FLOKI crypto has been showing signs of stabilization near the 200-day Exponential Moving Average after a significant drop. The long term investors have incurred a 50% loss in three weeks, but recent data suggests waning bears interest, hinting at potential recovery if bullish momentum takes over.
Despite a short-term downtrend, the long-term outlook remains positive as the price hovers above the previous swing low and 200-day EMA. FLOKI was hovering in a range bound zone showing consolidation. A break above could signal a bullish trend, while a breakdown could suggest a bearish reversal. Improved RSI and SMA lines indicate a positive shift in the market sentiment
FLOKI price crashed from fresh highs and eroded nearly 50% of its value in the last three weeks.
The price DAA divergence indicator has improved indicating waning interest of the sellers at the bottom.
FLOKI price seemed to be stabilizing near the 200 day Exponential moving average after a crash from the fresh highs. The investors lost nearly 50% in the last three weeks due a sudden price crash.
At the time of writing, FLOKI was exchanging hands close to $0.00016 recording a 1.73% drop a day. Moreover there has been a notable development in the price DAA divergence indicator which may add hope to the long term Investors.
Let's dive deeper and try to analyze the outcomes and forecast how sooner or later the FLOKI price may head for a recovery.
FLOKI Crypto: Price DAA Divergence Indicator Starts To Improve?
After a sharp crash in the recent sessions, FLOKI price is attempting to stabilize near the key exponential moving average adding some relief to the long term investors. However, a notable development has been observed in the price DAA divergence which may also rejoice the long term investors of FLOKI.
As per the data obtained by a financial and on-chain website app.santiment.net, a bearish divergence between the price and daily active address had started ceasing. It suggests that the bears might be losing interest, attracting a possibility of recovery if the bulls dominate.
Price DAA divergence is an on-chain indicator which tracks the correlation between the price and daily active addresses. A positive divergence is often regarded as a trend continuation and vice versa.
Can FLOKI Make A Strong Comeback?
FLOKI crypto has crashed eroding the gains obtained in the last three months. The recent price crash has weakened the short term trend. However, the long term trend still points to a positive side as the price still hovers above the previous swing low and 200 day Exponential moving average.
Currently, the FLOKI Crypto seems to be stabilizing above the recent demand zone of $0.000153 and 200 day EMA probably gathering strength to rise again. Now, if FLOKI breaks the consolidation on the lower side, it may indicate a bearish reversal.
On the other side, if a break on the higher side may indicate a bullish continuation in the crypto. However, it requires ample consolidation before a breakout. The RSI and SMA line have also surged from an oversold zone adding more to an improving sentiment.
What’s Next For FLOKI: Breakout Or Breakdown?
FLOKI crypto has been showing signs of stabilization near the 200-day Exponential Moving Average after a significant drop. The long term investors have incurred a 50% loss in three weeks, but recent data suggests waning bears interest, hinting at potential recovery if bullish momentum takes over.
Despite a short-term downtrend, the long-term outlook remains positive as the price hovers above the previous swing low and 200-day EMA. FLOKI was hovering in a range bound zone showing consolidation. A break above could signal a bullish trend, while a breakdown could suggest a bearish reversal. Improved RSI and SMA lines indicate a positive shift in the market sentiment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.