Analyzing FLOKI’s momentum shift – Could a 20% price rally be next?

• Bull structure break in a one -day frame seemed to be an important development
• Four -hour chart Floki outlined the opportunity to buy

Herd He was on a descending trend in June and released 12.4% of his value in a month. In fact, she had an attempt to assemble in the second week of the month and an attempt to schedule under major support for $ 0.0000745.

Last week, however, this level was regenerated as support, and Floki Bulls now make another $ 0.0001.

This psychological resistance to round number was almost tested as a resistance in June, which meant the highest previous month. This may be another price goal for Floki, but it is still unclear whether there may be sufficient demand from buyers to increase the price.

Bitcoins [BTC] Volatility did not help around its historically highest maximum.

Burning structure for Floki gives a promising start to July

Source: Floki/USDT on TradingView

On June 29, Floki increased around the previous daily maximum to $ 0.0000754, stopping a break to the market structure. This was followed by a higher minimum and higher maximum, maintaining the bull structure intact.

At the time of writing, although moving averages emphasized bear dynamics, the price was over 50 DMA.

At the same time, RSI also fought back over the neutral 50-brand. This gave the investors hope that in July it could be a bull for popular memecoin.

Source: Floki/USDT on TradingView

The bull 1 -day momentum meant that the four -hour chart was worth exploring. Ambcrypto found that the local supply zone for $ 0.00008, which has refused Floki Bulls since mid -June, has been violated since then. Therefore, it would be repeated from an area of ​​0.000078-0,000082 $ 0.000082 of USD merchants with shopping opportunities.

Another local resistance seemed to be $ 0.0000987, just below psychological resistance. Traders can try to book profits when the price of FLOKI is approaching $ 0.0001 and waiting for another price action.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer