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Thursday, July 27, 2023

Brief Analysis ——FLOKI

Brief Analysis ——FLOKI


At the end of April, BTC entered in a correction. The party for the meme coins has started. Various meme coins have risen. And now that the bulls in the market is decaying again, is there still a chance for meme coins?
Today we have chosen three meme coins for brief analysis. They are PEPE, FLOKI and DOGE, among which DOGE has experiences through many times.

FLOKI is more bearish than PEPE. The rebound that started in late June only covered the one-day loss on Jun.10. And in the yellow area, the characteristics of bulls decay also appeared. Last week, the price approached the support level as indicated by the green dotted line, the bulls did not strengthen as before, on the contrary, the bears strengthened. Not only did the long red candle on Monday took price below the dotted green line, but also near yearly lows. Even so, the bulls did not strengthen.
Conclusion: Mostly falling. FLOKI is bearish on both large scales and small scales, so we come to this conclusion. We set resistance level at 0.0000266 and support level at 0.0000205.

If you have any ideas, welcome to communicate with us:)

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.

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