FLOKI has been maintaining a base formation for a long time. Currently, there is a hype surrounding cat-themed coins in the market, but FLOKI hasn’t experienced such a movement yet. If a hype forms around FLOKI in the near future and the price breaks the resistance at the 0.00019 level, we could witness a significant rise.
At the moment, the key level to watch for FLOKI is the 0.00019 resistance on the upside. This level is critical for a potential upward move, and if it is broken, the price could rise to the next resistance at 0.00030. On the downside, the support level to monitor is 0.00011. This level is important in preventing further declines, but if it is breached, the price could correct down to 0.000040.
Looking at the FLOKI liquidation map, we can see that liquidation buildup is evenly distributed on both sides. However, there is a heavier accumulation of positions on the lower side. The direction of future liquidation moves will depend on whether the base structure breaks up or down.
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