In the 4-hour time frame chart, the Floki coin price shows the formation of a rounding bottom pattern. This is a well-known bullish reversal pattern that could intensify the underlying buying momentum and initiate a sustained directional uptrend. Amid the recent growth in the crypto market, the sideways trend in FLOKI price formed a new higher low, indicating an early sign of trend reversal. Here’s how interested traders may grab an entry opportunity in this coin for a massive price rally
Key Points:
The formation of a rounding bottom pattern gives an early sign of a new recovery cycle
The recent breakout from $0.000041 resistance set the Floki price for a 61% rise
The intraday trading volume in the Floki coin is $318 Million, indicating a 73% gain.
Source- Tradingview
On May 5th, the Floki coin price witnessed a massive inflow and recorded a 50% intraday gain. This strong growth is likely to be associated with the Floki coin listing announcement on the world’s largest crypto e
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