{"id":650191,"date":"2024-10-28T06:00:25","date_gmt":"2024-10-28T06:00:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=650191"},"modified":"2024-10-28T07:41:18","modified_gmt":"2024-10-28T07:41:18","slug":"floki-inu-warning-analyst-says-prepare-for-the-crash-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/floki-inu-warning-analyst-says-prepare-for-the-crash-details\/","title":{"rendered":"Floki Inu Warning: Analyst Says &#8216;Prepare For The Crash&#8217; &#8211; Details"},"content":{"rendered":"<p>Floki Inu (FLOKI) is having a hard time because of bearish patterns in the market, which is making buyers nervous. Some predictions say the price could go up by 220%, <a href=\"https:\/\/coincodex.com\/crypto\/floki-inu\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">hitting $0.00044<\/a> by November 26, 2024. However, new research shows that the short-term technical signs point in a different direction.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/microstrategy-stock-hits-all-time-high-as-bitcoin-blazes-past-67000\/\" target=\"_blank\" rel=\"noopener \">MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000<\/a><\/div>\n<p>Crypto analyst Alan Santana has pointed out that the token&#8217;s current sideways movement may signal further declines. Since reaching a high in March 2024, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/floki\" target=\"_blank\" rel=\"noopener nofollow\">FLOKI<\/a> has been trapped in a bearish trend, unable to regain its previous momentum. After a brief rally in June, the price has stagnated, reflecting a shift in market sentiment.<\/p>\n<p>According to Santana, traders should &#8220;prepare for the crash&#8221;, given the current negative market dynamics in play, based on his examination of the memecoin&#8217;s price movement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Altcoins<\/a> | <a href=\"https:\/\/twitter.com\/hashtag\/FLOKI?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#FLOKI<\/a> \u2734\ufe0f Floki Inu Major Drop Now Imminent: Prepare For The Crash!<\/p>\n<p>I remember we traded Floki Inu successfully on the bullish side, it was a nice ride, do you remember? Market conditions have changed.<\/p>\n<p>Notice the huge green candles in February 2024, these are about\u2026 <a href=\"https:\/\/t.co\/5OrScWHNeb\" rel=\"nofollow\">pic.twitter.com\/5OrScWHNeb<\/a><\/p>\n<p>\u2014 Alan Santana (@lamatrades1111) <a href=\"https:\/\/twitter.com\/lamatrades1111\/status\/55198712?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 27, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-650193\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?resize=1024%2C587\" alt=\"\" width=\"1024\" height=\"587\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=1529 1529w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f3d9ff.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2><strong>Analyzing The Current Dynamics<\/strong><\/h2>\n<p>The current technical indicators show a disturbing trend for Floki Inu. It seems the token is experiencing a long consolidation phase, which can be termed as a &#8220;distribution phase,&#8221; and the sellers are in charge.<\/p>\n<p>The heavy trading volumes during its earlier bullish moves, particularly in February and March, have shifted to heavy selling in recent weeks. As of now, FLOKI trades at $0.0001315, down 1.20% over the past day, and many are watching key support levels closely.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/AyyIY6gy\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">FLOKI is currently trading at $0.00013. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Two really important support zones have developed. Should the bearish trend persist, analysts estimate FLOKI would retest the initial support level at $0.00009557.<\/p>\n<p>Should that break, the token may drop to a possible lowest value of $0.00004200. For those clinging to their tokens, this situation begs questions about whether it is time to change their stance.<\/p>\n<figure id=\"attachment_650202\" aria-describedby=\"caption-attachment-650202\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-650202 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?resize=1024%2C283\" alt=\"\" width=\"1024\" height=\"283\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=1217 1217w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_027f04.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-650202\" class=\"wp-caption-text\">FLOKI price down in the last week. Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/floki-inu\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<h2><strong>Fibonacci Levels Suggest Weakness<\/strong><\/h2>\n<p>Another technical indicator that is negative in its sentiment is the Fibonacci retracing levels. Most importantly, for FLOKI to dominate the market, it has been consistently rejected at the 0.618 and 0.786 levels.<\/p>\n<p>The persistent rejection of the price here indicates that the positive feeling is being crushed. Price action shows that FLOKI will go below its current trading range, which piles on more pressure on the holders as well.<\/p>\n<figure id=\"attachment_650194\" aria-describedby=\"caption-attachment-650194\" style=\"width: 1012px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-650194 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?resize=1012%2C311\" alt=\"\" width=\"1012\" height=\"311\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?w=1012 1012w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_3a622a.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-650194\" class=\"wp-caption-text\">Floki Inu price seen soaring in the coming weeks. Source: <a href=\"https:\/\/coincodex.com\/crypto\/floki-inu\/price-prediction\/\" rel=\"nofollow\">CoinCodex<\/a><\/figcaption><\/figure>\n<h3><strong>Caution For Investors<\/strong><\/h3>\n<p>In view of these contradictory messages, investors should still be extremely cautious. Since the immediate future seems hard, many predictions indicate there&#8217;s going to be an uptrend, and investors can hit a price that might reach $0.00044 at the end of November. However, many traders remain skeptical given the current sentiment.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/whales-hit-all-time-high-bitcoin-holdings-at-670000-what-does-this-mean-for-btc\/\" target=\"_blank\" rel=\"noopener \">Whales Hit All-Time High Bitcoin Holdings At 670,000 \u2013 What Does This Mean For BTC?<\/a><\/div>\n<p>The <a href=\"https:\/\/coincodex.com\/crypto\/floki-inu\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">Fear &amp; Greed Index<\/a> reads at 69, marking a greed level in the market. It is basically what leads to downturns. For the last month, FLOKI had its green days at 43%, volatility rate at 7.48%. Prior to making any decisions, it could be prudent for individuals wishing to enter the market to wait for more distinct indications of positive mood. When it comes to cryptocurrency, timing can be crucial.<\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Floki Inu (FLOKI) is having a hard time because of bearish patterns in the market, which is making buyers nervous. Some predictions say the price could go up by 220%, hitting $0.00044 by November 26, 2024. However, new research shows that the short-term technical signs point in a different direction. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Crypto analyst Alan Santana has pointed out that the token&#8217;s current sideways movement may signal further declines. Since reaching a high in March 2024, FLOKI has been trapped in a bearish trend, unable to regain its previous momentum. After a brief rally in June, the price has stagnated, reflecting a shift in market sentiment. According to Santana, traders should &#8220;prepare for the crash&#8221;, given the current negative market dynamics in play, based on his examination of the memecoin&#8217;s price movement. #Altcoins | #FLOKI \u2734\ufe0f Floki Inu Major Drop Now Imminent: Prepare For The Crash! I remember we traded Floki Inu successfully on the bullish side, it was a nice ride, do you remember? Market conditions have changed. Notice the huge green candles in February 2024, these are about\u2026 pic.twitter.com\/5OrScWHNeb \u2014 Alan Santana (@lamatrades1111) October 27, 2024 Analyzing The Current Dynamics The current technical indicators show a disturbing trend for Floki Inu. It seems the token is experiencing a long consolidation phase, which can be termed as a &#8220;distribution phase,&#8221; and the sellers are in charge. The heavy trading volumes during its earlier bullish moves, particularly in February and March, have shifted to heavy selling in recent weeks. As of now, FLOKI trades at $0.0001315, down 1.20% over the past day, and many are watching key support levels closely. Two really important support zones have developed. Should the bearish trend persist, analysts estimate FLOKI would retest the initial support level at $0.00009557. Should that break, the token may drop to a possible lowest value of $0.00004200. For those clinging to their tokens, this situation begs questions about whether it is time to change their stance. Fibonacci Levels Suggest Weakness Another technical indicator that is negative in its sentiment is the Fibonacci retracing levels. Most importantly, for FLOKI to dominate the market, it has been consistently rejected at the 0.618 and 0.786 levels. The persistent rejection of the price here indicates that the positive feeling is being crushed. Price action shows that FLOKI will go below its current trading range, which piles on more pressure on the holders as well. Caution For Investors In view of these contradictory messages, investors should still be extremely cautious. Since the immediate future seems hard, many predictions indicate there&#8217;s going to be an uptrend, and investors can hit a price that might reach $0.00044 at the end of November. However, many traders remain skeptical given the current sentiment. Related Reading: Whales Hit All-Time High Bitcoin Holdings At 670,000 \u2013 What Does This Mean For BTC? The Fear &amp; Greed Index reads at 69, marking a greed level in the market. It is basically what leads to downturns. For the last month, FLOKI had its green days at 43%, volatility rate at 7.48%. Prior to making any decisions, it could be prudent for individuals wishing to enter the market to wait for more distinct indications of positive mood. When it comes to cryptocurrency, timing can be crucial. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":650196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,85497,84818,88164],"class_list":["post-650191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-floki","tag-floki-inu","tag-memecoins"],"acf":[],"yoast_head":"\n<title>Floki Inu Warning: Analyst Says &#039;Prepare For The Crash&#039; - Details<\/title>\n<meta name=\"description\" content=\"Floki Inu (FLOKI) is having a hard time because of bearish patterns in the market, which is making buyers nervous. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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