FLOKI Price Analysis: Bullish Influence Over FLOKI Range Hints At A Breakout Rally To $0.000030!

Struggling to regain bullish momentum over the last few months, the FLOKI coin price is declining. Taking constant support from the $0.000023 level, FLOKI price action forms a descending triangle pattern. 

Currently, the FLOKI price action is forming a bearish candle with an intraday fall of 1.56%. However, the overall price trend close to the support level increases a positive cycle possibility. 

Maintaining a sideways trend, FLOKI coin price action forms a consolidation range at the bottom support of the triangle pattern. Moreover, the price action displays multiple lower price rejection candles representing buyers ready to absorb any spike in supply pressure. 

The daily RSI line maintains positive growth despite the sideways trend in the FLOKI price, giving rise to a bullish divergence. Moreover, the MACD indicator showcases a bullish crossover in action. Therefore, the technical indicators maintain a positive standpoint for the meme coin. 

Considering the FLOKI price action starts a new bull cycle, the unleashed price trend can pump the fourth largest meme coin by 10% to $0.0000249. Optimistically, a triangle breakout can prolong the uptrend to the $0.000030 mark.

On the flip side, a breakdown below $0.000023 will plunge the FLOKI coin price by 23% to test the $0.00001715.