FLOKI's price, at the time of writing, was finally breaking out, signaling the potential for a significant price hike. After a three-month...
, at the time of writing, was finally breaking out, signaling the potential for a significant price hike. After a three-month accumulation period, it seemed ready for a bullish breakout, one that could propel it towards a new ATH on the chart.
As it rides this wave of optimism, now would be an opportune time for long-term traders to consider adding FLOKI to their portfolios. Especially since it seems poised to follow Dogecoin – A memecoin that has already hit a four-month high.One key area to watch is FLOKI’s liquidation heatmap. For example – The price zone of $0.0001560 has significant liquidations resting just below the press time market price.
On the flip side, there are also high leverage liquidations above the price at $0.0001650. This suggested that traders should be cautious but optimistic about FLOKI’s near-term price movements.Meanwhile, crowd sentiment is buzzing with speculation surrounding Bitcoin’s anticipated breach of $70k, leading many traders to shift their focus to high-risk, high-reward memecoins.
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