Flock
According to Coindesk Research’s technical analysis model, it has traded in the range of 0.00005422 over the last 24 hours, falling 1.87% since swinging to a minimum of $0.00008913, from $0.00009435 to $0.00008913.
The volatile session of the token was marked at a sharp 4% meeting in the US morning hours, and made positive profits as resistance formed near the $0.00009400 level. Before it steadily declined in US afternoons, trading volumes surged to 95.85 billion tokens at rally height.
Floki’s price action coincided with a significant milestone announced earlier in the project today. The team has revealed that Floki is listed on Webull Pay, a popular US retail crypto trading platform run by Webull, which boasts over 24 million users. According to the team, the list is pushing forward the stated goal of significantly improving liquidity, expanding access to millions of potential new owners, and becoming the most recognized and widely used cryptocurrency in Floki.
Despite the weakness during the day and late decline, Floki was above the low session. While sellers have continued to be dominant at a higher level due to unsuccessful recovery attempts around $0.00009016, the ability of tokens above $0.00008900 may suggest fundamental support near the region as the market digests the meaning of the web list.
Technical Analysis Highlights
- Floki showed a sharp shift in direction around the main psychological level from $0.00008900 to $0.00009400.
- Early session profits were quickly unlocked as volumes dried up after 9:00 UTC Rally.
- Sales pressure was dominated by over $0.00009350 after being repeatedly rejected.
- The final selloff defeated temporary daytime support for $0.00009000.
- The amounts during the pullback phase remained elevated and showed distribution.
- Despite the near shortcomings, the price avoided a deep breakdown of less than $0.00008900.
Disclaimer: Part of this article is generated with the support of AI tools and reviewed by the editorial team to ensure accuracy and compliance Our standards. For more information, please refer Coindesk’s complete AI policy.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.