Whalestats reports that FLOKI has been ranked among the top 10 most purchased tokens by BSC whales in the last 24 hours. The WhaleStats data shows FLOKI being positioned above $SHIB and alongside other popular tokens such as $ADA, $XRP, $DOGE, $LTC, and $GMT. This shows a strong interest in the rapidly growing Floki Ecosystem.
FLOKI/USD retraces towards $0.00003636 following a minor pullback
Floki Cryptocurrency has seen a minor pullback in the last 24 hours, with the FLOKI/USD pair retracing towards $0.00003636. The coin’s rate of decline has been relatively low compared to other tokens on the list, and it remains one of the top 10 tokens purchased by BSC whales, according to WhaleStats data.
The technical indicators are signaling a bearish short-term trend, with the FLOKI/USD pair expected to remain range-bound in the near future.FLOKI is down by over 6% in the last 24 hours, with the overall cryptocurrency market giving away the recent gains seen earlier this month.
The momentum oscillators are currently bearish, suggesting that the FLOKI/USD pair could test levels close to $0.00003100 in the near term. At this point, it remains uncertain if there will be a strong rebound as the coin continues to remain range bound.
Bulls may look for an opportunity to enter the market at the Fibonacci retracement levels of $0.00003550 and $0.00003300, with the latter expected to provide strong support if tested. On the other hand, bears may look for an opportunity to short the pair if it breaks below $0.00003150 in search of further bearish momentum.
The Awesome Oscillator is signaling a bearish trend, indicating that the FLOKI/USD pair could decline further, while the Relative Strength Index (RSI) is currently hovering close to the oversold region, suggesting a possible bullish reversal in the near future.
The weekly RSI is bearish, however, indicating that the pair will remain range-bound in the upcoming days. The MACD is also bearish, indicating that the pair could decline further in the next few hours.
Overall, the FLOKI/USD pair is expected to remain range-bound in the short term as traders watch out for a bullish reversal near the Fibonacci retracement levels of $0.00003550 and $0.00003300. Bulls may use these levels to build a long position in search of further gains, while bears may look for an opportunity to short the pair if it breaks below $0.00003150.
