Floki’s Price Fall and Investor Pessimism
As Floki’s price dipped along with the rest of the cryptocurrency market, investors faced significant losses. The memecoin’s failure to regain key support levels has put a substantial portion of its circulating supply at risk.
Floki Investors’ Sentiment
The decline in FLOKI price has created daily lows, impacting investors adversely. Data from the Global Inflows/Outflows (GIOM) indicator indicates mounting losses for those who bought over 656 billion FLOKI between $0.000150 and $0.000193, amounting to over $122 million. With the current price at $0.000156, this investment has become nearly unprofitable. Further price drops could push the altcoin to the next support level at $0.000148, potentially resulting in supply loss.
Despite investors’ desires for a turnaround, sentiment analysis shows heavy pessimism among Floki holders. The weighted sentiment indicator reflects this negative outlook, suggesting ongoing bearish trend since early July.
Floki Price Prediction: Aiming for a Rebound
Projections indicate that FLOKI price might undergo more bearish sessions, potentially dropping to $0.000148. A breach of this support level could drive the memecoin down to $0.000132, erasing recent gains.
However, if Floki manages to bounce back from $0.000148 and surpass resistance at $0.000167 and $0.000185, it could recover its losses by 23%. Breaking above $0.000210 would invalidate the bearish scenario, putting the 65.6 billion FLOKI supply back in profit territory.
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