FLOKI/USDT on the daily chart is forming a well-defined ascending channel, respecting both upper resistance and lower support trendlines.
The RSI recently entered the overbought zone near resistance, suggesting short-term exhaustion. If price corrects, we could see a move toward the lower trendline, offering a potential long opportunity for another leg higher — keeping the bullish structure intact.
The RSI recently entered the overbought zone near resistance, suggesting short-term exhaustion. If price corrects, we could see a move toward the lower trendline, offering a potential long opportunity for another leg higher — keeping the bullish structure intact.
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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.