Despite a recent 5.11% increase against the US Dollar, Floki Inu (FLOKI) continues to trade 20.12% below predictions made on April 12, 2024. The cryptocurrency, which has seen a 490.88% increase since a year ago, is currently trading at $0.000205. Key resistance levels are identified at $0.000200, $0.000204, and $0.000211, with support levels at $0.000189, $0.000183, and $0.000179.

The market sentiment for FLOKI is bearish, with 52% of indicators favoring a negative prediction. Despite this, the Fear & Greed Index reads 75 (Greed), suggesting investors are optimistic about the market. However, this could also indicate an overvaluation of the market.

Technical indicators reveal FLOKI is trading below the 50-day and 200-day Simple Moving Averages (SMA), signaling a bearish market. The Relative Strength Index (RSI 14) for FLOKI is at 46.23, indicating a neutral position.

While FLOKI is expected to reach $0.000256 by April 12, 2024, representing a 30.49% price increase, the cryptocurrency market's unpredictability and volatility should be considered. The bearish sentiment and potential market overvaluation suggest caution for potential investors.

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