FLOKI price has gained 10% in the weekly timeframe and 1% in the past 24 hours, currently trading at $0.0001698 at 6:00 AM EST. However, despite the strong performance in the past 7 days, it cannot erase the fact that FLOKI has lost 34% in the past month.
FLOKI price fails to break through major resistance
FLOKI/USD 4-hour chart (Source: GeckoTerminal)
In the past 24 hours, FLOKI price has managed to break out of the medium-term negative channel. Subsequently, it attempted to break out of the $0.0001745 resistance level but was blocked by the technical barrier.
Now, sellers are trying to pull FLOKI back inside the descending channel. If the meme coin falls back into this range, it could risk falling to the immediate support level of $0.0001610. This is a key point to watch as it coincides with the lower border of the Bollinger Band (BBANDS) on the 4-hour chart.
Therefore, a loss of the $0.0001610 support in the next few hours could cause this alternative currency to fall to $0.0001493 in the next few days.
On the other hand, if FLOKI can stay above the negative price channel over the next 8 hours, it might invalidate the bear thesis. In this alternative scenario, the memecoin might try to turn the $0.0001745 resistance into support.
If successful, the memecoin could have enough ground to move up to the next $0.0001916. However, before FLOKI price can potentially climb to this key price point, it first needs to break through the upper boundary of BBANDS, which also coincides with the $0.0001745 resistance level.
FLOKI price loses technical support
Technical indicators on FLOKI’s 4-hour chart show that the price of this meme coin may fall in the next 8 hours. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing signs of a bearish market.
Buyers appear to be losing strength, with the RSI reading declining on the 4-hour chart. More importantly, the RSI line is showing a negative slope. Traders may view this as a sign that sellers are still strengthening their advantage over bulls. If the RSI drops below 50, it could signal a possible major bearish shift in momentum for FLOKI.
Meanwhile, the MACD line has started to converge towards the MACD signal line. Although the direction of both lines is currently bullish, the narrowing gap between them suggests that the positive momentum for FLOKI is waning.
These bearish technical signals, coupled with FLOKI’s price approaching the upper boundary of BBANDS, warn that a correction may be in the offing. If FLOKI’s price declines, the memecoin could fall to the aforementioned $0.0001610 support.
While the FLOKI price is starting to lose some of its bullish strength, the same cannot be said for the WienerAI (WAI) presale, which has seen the project raise $7 million.
A cute and powerful AI companion
WienerAI (WAI) is different from all previous memecoins because it contains advanced AI technology. Through its trading bot that uses predictive computing models, the project aims to be a lovable and intelligent companion for crypto traders.
WienerAI is able to consume large amounts of data and output decisions almost instantly, helping traders and investors make smarter decisions in the highly volatile crypto markets.
In addition to powerful AI technology, the project also provides holders with a seamless exchange solution. Combined with WienerAI's MEV protection, WAI investors will never miss a gold exchange opportunity.
Considering all that WienerAI has to offer, it’s no surprise that ClayBro told his 130,000 YouTube subscribers that WAI could soon be worth 10 times as much.
Nearly $10 million raised at this early stage
WAI has surpassed $6.9 million in fundraising.
A potential catalyst for this investor frenzy could be the 164% annualized yield available to pre-sale buyers. This lucrative opportunity is open to anyone who purchases and locks up WAI tokens during this initial phase.
To get high rewards, investors can buy WAI through an easy-to-use widget embedded on the project website. The token is priced at $0.000724 and can be purchased using ETH, USDT, BNB or bank cards.
Be ready for a new week like Wiener!
Let’s break these trades down with WienerAI, your ultimate AI trading assistant
pic.twitter.com/MqD8yNmHlz
— WienerAI (@WienerDogAI)
June 30, 2024
Act quickly, as the price of this memecoin will increase in a little over two days.
Buy and stake WAI here before its price rises.
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