The ongoing selling wave in Memecoins has also hit Floki Inu, the danger is not over in FLOKI, which is testing an important support level.
Starting with Pepe (PEPE), selling pressures have spread to other memecoins as well. Finally, the decline in FLOKI had an impact. FLOKI, which broke the $0.00003444 support down after a long time, seems to have recovered for now. Risks continue for the popular coin, which managed to break above the support level. What about the seller-dominated FLOKI chart?
Floki Inu (FLOKI) Chart Analysis
FLOKI, which gained momentum after the Binance listing, showed an increase of 82.64 percent and instantly rose to $ 0.000058. The ensuing wave of sales ended FLOKI’s momentum and started the decline scenario. FLOKI, which occasionally found support at $0.00003792, fell as low as $0.00003444.
In order for the upwards to start again in FLOKI, the resistances of $0.0000406 – $0.00050 and $0.000058 must be overcome, respectively. In the event that the market loses strength or the sales in FLOKI continue, there may be decreases to $0.000034 and $0.000031.
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