The correction phase in the FLOKI token dropped harder than what was expected by their investors. With this pullback, the price plunged to the weak but valid support of 0.786 FIB level. As for now, the price has shown an impressive recovery from this level and currently retest the $0.000213 resistance. Great news for the FLOKI fans is that today at 4:40 PM UTC, FLOKI will have a massive display on the Burj Khalifa;
Key technical points:
The FLOKI price bounced from the 0.786 FIB level
The FLOKI daily RSI line jumps above the neutral zone
The intraday trading volume in the FLOKI token is $46.4 Million, indicating a 4.5% loss.
Source- FLOKI/USD chart by Tradingview
The FLOKI token investors had a roller coaster ride in these last two months, where the November month almost engulfed all the gains the token made in October. This extended correction phase plunged the token price to 0.786 Fibonacci level, where the token finally obtained a decent buying pressure to initiate a recovery
We współpracy z: https://coingape.com/floki-price-analysis-floki-token-shows-a-v-shaped-recovery-of-80-has-the-retracement-phase-ended/
