precisely on August 5th it displayed a liquidity grab
The Floki token, in its first quarter, peaked at $0.0003011. It declined and formed support at the $0.0001113 demand zone by mid-April 2024. FLOKI blasted off from the same demand zone again and built a new all-time high (ATH) of $0.00034873 by June 5th, 2024.
However, the profit takers began sell-offs, which led the FLOKI price to dip back to the previous demand zone by August. By this time, the zone proved its resilience and sturdiness with effective multiple bounces.
By the start week of August, precisely on August 5th it displayed a liquidity grab candle and rose higher. However, it failed to manifest the kind of gains, it displayed previously on the daily chart.
By the end of the month, the price failed to clear a barricade of $0.0001585 and fell in correlation to a larger market.
At press time, the price happens to be back at the same spot it previously had records. Based on the highest probability, investors could get an opportunity over certain bullish price developments at this zone this month.
Therefore, if the price keeps on surging, the next resistance levels are at $0.0001585 and $0.0002201. However, failing to do so would lead to a price decrease that could take FLOKI beneath the demand zone.
However, the profit takers began sell-offs, which led the FLOKI price to dip back to the previous demand zone by August. By this time, the zone proved its resilience and sturdiness with effective multiple bounces.
By the start week of August, precisely on August 5th it displayed a liquidity grab candle and rose higher. However, it failed to manifest the kind of gains, it displayed previously on the daily chart.
By the end of the month, the price failed to clear a barricade of $0.0001585 and fell in correlation to a larger market.
At press time, the price happens to be back at the same spot it previously had records. Based on the highest probability, investors could get an opportunity over certain bullish price developments at this zone this month.
Therefore, if the price keeps on surging, the next resistance levels are at $0.0001585 and $0.0002201. However, failing to do so would lead to a price decrease that could take FLOKI beneath the demand zone.
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