$FLOKI is currently in an indecision zone. If we look at the buying zone, we are slightly above the ideal buying range, which is between the 0.78 and 0.61 Fibonacci levels. It might be best to wait a bit for $FLOKI to drop slightly further to hope for a rebound.
Additionally, there is the SSB (Senkou Span B) of the Ichimoku cloud above the current prices, which will complicate breaking above the 0.5 Fibonacci level. There is a double resistance, so at best, prices might range for a while; at worst, they could drop further before potentially rebounding.
In my opinion, it's not yet the time for a rebound, even though the RSI currently shows an interesting setup, recovering from the oversold region. The only positive technical point is this RSI, which seems to want to rise, but given the various resistances and the current price in relation to Fibonacci levels, I would not recommend buying $FLOKI at this moment.
Let's see how the price evolves over the course of the week.
I would love to hear your thoughts and feelings regarding this technical analysis. Please feel free to share your impressions!
#Ichimoku #TechnicalAnalysis #FLOKIâ
#RSI #Fibonacci
