FLOKI’s Bullish Signals Amidst Volume Growth and Resistances
Updated
FLOKI has recently charted a series of higher lows on the daily graph, which have been supported by an increase in volume during their formation.
It is currently facing an initial resistance level, which, if surpassed, will lead to a more significant one that must be overcome to enter a free uptrend.
As I mentioned, the succession of higher lows, coupled with strong buying volume, should provide the necessary strength to break through the aforementioned resistances. However, we must remain vigilant because if it doesn’t, it will face the force of the bears.
It is currently facing an initial resistance level, which, if surpassed, will lead to a more significant one that must be overcome to enter a free uptrend.
As I mentioned, the succession of higher lows, coupled with strong buying volume, should provide the necessary strength to break through the aforementioned resistances. However, we must remain vigilant because if it doesn’t, it will face the force of the bears.
Note
Finally, Floki was able to overcome the resistances established in the daily chart and is now trading at 0.0003048, threatening to surpass its all-time high (ATH)Note
Finally, after reaching the strong resistance that comes with surpassing an ATH, it has pulled back. It will need more ‘momentum’ to enter a free rise.
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