The critical index of market participation—the 15.51% surge in the volume of trading during the recovery phase—substantiates the bullish sentiment with heightened volume, meaning there is a show of intense buying pressure that moves the price higher. Such improvement in volume accompanies increased investor confidence, indicating that recent price changes are substantiated by considerable trading activity, thus cementing the probability for a possible sustainable uptrend.After the initial spike, FLOKI’s price experienced fluctuations, forming high peaks before consolidating around $0.000173. This is a typical pattern after such volatility, whereby the market consolidates for the next move. FLOKI/USD Technical AnalysisThe chart reveals the falling wedge formation between June 14 and June 24, with the two converging trend lines and the upper line having a steeper angle than the bottom line. The price broke through the upper line of resistance around June 24, suggesting a possible change of the earlier downtrend. This pattern is typically viewed as a bullish reversal signal and, therefore, holds that the price of FLOKI still has the potential to go higher.
sekar nallalu Cryptocurrency,Price Analysis Floki Price Analysis: FLOKI Surges as Bullish Momentum Returns, Eyes New Highs
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