Could FLOKI Be The Next Dogecoin? Analyst Says 'Successful Retest' Of 2 Levels Would Send It To New Highs
Portfolio Pulse from Mehab Qureshi
Cryptocurrency analyst Rekt Capital suggests FLOKI could reach new highs if it successfully retests two critical resistance levels at $0.000021 and $0.0000625, transforming them into support levels. This analysis comes amid FLOKI's recent token burns, reducing its circulating supply, and a spike in social dominance. Another analyst, Inmortal, also expressed optimism for FLOKI's potential rise, comparing it to the recent surge in PEPE. Currently, FLOKI is trading up 6.46% at $0.0002771.
March 13, 2024 | 11:00 am
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POSITIVE IMPACT
FLOKI's potential to reach new highs is supported by its successful retest of critical resistance levels, recent token burns reducing supply, and increased social dominance. Analyst optimism further bolsters its outlook.
The positive outlook for FLOKI is based on technical analysis by Rekt Capital, indicating a strong potential for price increase if it maintains above critical resistance levels. Token burns and social dominance further support this bullish sentiment. The recent price action and analyst optimism contribute to the positive short-term impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100