Floki Price is taken in a fairly tight situation right now. It is stuck between a strong purchase wall below and a difficult sale wall above which kept the chewing gains. As indicated in a tweet by the best CW analyst on X (formerly Twitter), the token is trapped in this narrow range, with $ 0,00011 acting as a major ceiling for the moment. Merchants look carefully to see in which direction the price is breaking down or dropping.
Looking at the daily graphic, the Floki price moves between a key support area nearly $ 0.000085 and a resistance of just under $ 0,00011. After a regular drop in December in mid-April, the price finally rebounded, but this rebound lost steam to this resistance. It is the same area where sellers have intervened before, so it is not surprising that the rally was blocked there.
This level of $ 0.000085 has been a reliable support since early May. It is the same area where demand appeared in March, and it acts again like a cushion. But if this level gives, the following areas to be monitored are about $ 0.000074 and $ 0.000067. The two have already served as rebound areas, so that buyers can appear there if Floki is soaking further.
Floki Resistance still blocks an upward momentum
The sale wall, as indicated in the CW tweet, extends to $ 0,00011 and remains intact. Floki Price tried to test this area but has not yet been closed above it in high volume. Additional resistance levels appear between $ 0,000,116 and $ 0.00014, based on the action of previous prices in January and February.
These areas coincide with areas where traders can seek to lock profits or enter short positions. Unless the price breaks and is not above $ 0,00011, the ascending momentum could remain limited.
The volume shows a weakening momentum near the Floki resistance
The volume increased during the recovery in mid-April, which suggests that market players supported the rebound. However, the volume has since decreased as Floki Price approached the resistance. This lack of purchasing force at higher levels can reflect hesitation among the bulls. It also alignments with the suggestion of the tweet according to which the sale wall is difficult to overcome.
Until the volume supports a rupture above the resistance, traders can remain cautious. A push with strong commercial activity would be necessary to confirm any continuation of short -term trend.
Read also: 3 reasons why the Kaspa price (KAS) is stable after the crescendo update
Floki price support levels offer short -term stability
The closest support between $ 0.000082 and $ 0.000085 remains critical. Failure to comply with this range could return the price to structural supports of approximately $ 0.000074. Deeper retractions could review the areas closer to $ 0.000067, which represent the previously established accumulation zones.
In the current state of things, Floki Price continues to move laterally, limited between opposite forces. Market players will monitor a decisive break on each side to confirm the next major trend.
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