- After a month-long rally, FLOKI’s daily chart turned red.
- A few metrics indicated that the bull rally would resume, while the rest suggested otherwise.
FLOKI broke above a bullish pattern a few days ago, and since then, its value has surged significantly. But these recent gains might just be the beginning of a major bull rally. Let’s have a closer look at what’s going on with the memecoin.
FLOKI’s bullish breakout is paying off
World Of Charts, a popular crypto analyst, posted a tweet highlighting that FLOKI broke out of a bullish pattern a few weeks ago.
To be precise, the memecoin’s price entered the pattern during the beginning of March and had consolidated inside it only to break out on the 13th of May.
The good news was that since the breakout, FLOKI’s price has risen by more than 30%. If the memecoin continues to follow this path, then investors might as well witness an overall 150% price rise in the coming weeks or months.
Though this looked pretty optimistic, things on the ground were a bit different. After a comfortable monthly rally, FLOKI met with a roadblock as its daily chart turned red.
According to CoinMarketCap, the memecoin’s price dropped by more than 2% in the last 24 hours. At the time of writing, the meme coin was trading at $0.000228 with a market capitalization of over $2.18 billion, making it the 54th largest crypto.
Will FLOKI resume its bull rally?
To determine whether this was the end of the meme coin’s bull rally, AMBCrypto analyzed Santiment’s data. We found that the memecoin’s weighted sentiment remained low, meaning that bearish sentiment around it was dominant.
Its network growth also dropped last week, which meant that fewer new addresses were created to transfer the token. Another bearish metric was the funding rate, which increased. Generally, prices tend to move the other way around than the funding rate.

Source: Santiment
Nonetheless, a few of the metrics did hint that FLOKI might resume its bull rally again. For instance, its MVRV ratio had a value of 28.4%, which can be inferred as a bullish signal.
On top of that, AMBCrypto’s look at Coinglass’ data revealed that FLOKI’s long/short ratio increased in the last 24 hours.
The rise in the metric may signal a growing preference for buying and holding FLOKI, indicating that the chances of a bullish price movement were high.

Source: Coinglass
As per the Bollinger Bands, FLOKI’s price was above its 20-day Simple Moving Average (SMA). The MACD also displayed a clear bullish advantage in the market.
Nonetheless, the Chaikin Money Flow (CMF) looked bearish as it registered a downtick.

Source: TradingView
Is your portfolio green? Check out the FLOKI Profit Calculator
If FLOKI manages to resume its bull rally, the memecoin might reach $0.00025 before closing this week. This seemed to be the case, as liquidation would rise at that level, which can result in a short-term price correction.
On the other hand, if the memecoin remains bearish, then its price might drop to the $0.00018 to $0.00017 range by the end of this week.

Source: Hyblock Capital
clomiphene 50mg tablets clomiphene generic cost can you buy generic clomid without insurance cost of cheap clomiphene pills how to get clomid pill can i buy cheap clomid without prescription can you buy clomiphene pills
Greetings! Extremely serviceable recommendation within this article! It’s the crumb changes which choice turn the largest changes. Thanks a lot towards sharing!
More peace pieces like this would make the интернет better.
buy azithromycin 500mg pills – tindamax 300mg ca generic flagyl 400mg
buy semaglutide 14 mg pill – periactin 4 mg uk cyproheptadine without prescription
domperidone pills – buy cyclobenzaprine pill buy cyclobenzaprine 15mg without prescription
oral clavulanate – at bio info buy ampicillin online
esomeprazole over the counter – anexamate.com esomeprazole 40mg cheap
purchase medex generic – anticoagulant order hyzaar online cheap
deltasone 10mg price – https://apreplson.com/ buy prednisone 40mg pills
buy ed pills tablets – erectile dysfunction drug non prescription ed pills
cheap amoxil for sale – combamoxi.com cheap amoxicillin generic
where can i buy fluconazole – this forcan buy online
escitalopram 10mg cheap – https://escitapro.com/ oral lexapro 20mg
order cenforce 50mg pill – cenforce rs buy cenforce 50mg pill
cialis for sale in toront ontario – https://ciltadgn.com/# when will cialis be generic
what are the side effect of cialis – what is the active ingredient in cialis cialis trial
ranitidine 150mg drug – https://aranitidine.com/ ranitidine 300mg drug
viagra 50 mg price walmart – viagra sale cheapest buy viagra kamagra online
This is a question which is in to my heart… Many thanks! Exactly where can I lay one’s hands on the contact details an eye to questions? buy generic amoxil
The vividness in this piece is exceptional. https://ursxdol.com/prednisone-5mg-tablets/
This is the kind of scribble literary works I positively appreciate. https://prohnrg.com/product/rosuvastatin-for-sale/
Thanks towards putting this up. It’s understandably done. https://aranitidine.com/fr/clenbuterol/
I couldn’t resist commenting. Warmly written! https://ondactone.com/simvastatin/