Altcoins are experiencing tough times, and most cryptocurrencies are turning red again. Bitcoin faced failure after testing $70,000 for the sixth time. The Bitcoin price quickly dropped below $64,000, erasing gains from Trump’s statements. So, what are the current predictions for FLOKI Inu?
FLOKI Coin
Meme coins have suffered significant losses, and FLOKI Coin is no exception. Sellers creating lower lows on the daily chart triggered substantial losses. The Global In/Out of the Money (GIOM) indicator shows that investors are seriously worn out. Investors who bought over 656 billion FLOKI worth $122 million between $0.000150 and $0.000193 have almost erased all their gains.
If the decline continues, $0.000148 could be seen, increasing the losses further. Investors facing significant losses in any altcoin while BTC is this weak will strengthen the selling trend.
Investors patiently waiting for a new ATH with motivation helped BTC price increases to prompt quick responses from FLOKI Coin. However, this would not continue forever. Weighted sentiment turns negative as declines continue, and the bearish trend among investors strengthens.
FLOKI Coin Price Prediction
For the reasons mentioned in the first section, the popular meme coin FLOKI is likely to experience deeper lows. The nearest possible drop target is $0.000148. With the loss of key support, bears will target $0.000132. We have seen this support line tested many times in the past.
Severely worn-out altcoins undermine short-term hopes, and FLOKI Coin faces the possibility of retreating to this support again. The altcoin, which fell by 23% in just the last 10 days, erased two-thirds of its gains. With the second support level reached, it will almost completely erase the gains from the last rally.
For those expecting a rise, a bounce from $0.000148 is possible if BTC is supportive. Above this, the resistances at $0.000167 and $0.000185 will be targeted. Especially since a significant portion of investors in loss will become profitable, there will be potential to test $0.00021 in this scenario.
