FLOKI/USDT
Support and Resistance Levels
Support Levels:
0.00013721: The level where the 99-period moving average is located. 0.00020799: The level where the 25-period moving average is located.
0.0002482: The low seen in previous weeks.
Resistance Levels:
0.00026613: Instant price level and the peak seen in recent weeks. 0.00030000: Psychological resistance level and an important round number.👀
Comments and Expectations
Short Term Expectations:
If the price remains above the support at 0.0002482, the uptrend can be expected to continue. If the resistance at 0.00026613 is broken, the price is likely to move towards 0.00030000.
Long Term Expectations:
The price remaining above the 99-period moving average supports the continuation of the long-term uptrend. In this case, the price can be expected to rise to higher levels.
Risks and Things to Consider:
If the price falls below the 0.0002482 and 0.00020799 support levels, it is possible that the selling pressure will increase and the price will enter a downtrend. General market conditions and movements of major cryptocurrencies such as Bitcoin may affect the price of FLOKI.
