Let's take a more detailed analysis of the pair's price chart and technical indicators:
- Price Chart: It seems that the FLOKI/USDT parity has experienced serious declines recently. The price decreased from 0.00032297 to 0.00024673. It is noteworthy that after this decrease, it started to follow a horizontal course.
- Moving Averages: Short, medium and long-term moving averages (MA7, MA25, MA99) are moving below the price. This situation presents a negative outlook in the short term.
- RSI: The indicator is at 28 levels. This shows that there is excessive selling pressure in the parity.
- MACD: If the signal line is below the histogram line, it can be considered a negative signal.
Considering technical analysis indicators and price movements, it can be said that there is a risk of further decline in the FLOKI/USDT parity in the short term. However, it should not be ignored that the parity has the potential to recover in the long term. When making an investment decision, personal risk profile, investment process and market dynamics should be carefully evaluated.
IT IS NOT INVESTMENT ADVICE.