4 February FLOKI Price Prediction: Floki Literally Crashed to the Ground

4 February FLOKI Price Prediction: Is the Memecoin Facing Further Losses?

FLOKI (FLOKI) has been down 53.48% since its peak of $0.000201 in early January. After retreating from the $0.00028 resistance zone in December, the memecoin was unable to challenge the highs it reached in March. The token dropped below the early August lows in the last few hours due to a sudden crash.

The next support level, which was about 35% below market pricing, was at $0.00005375. The recent months’ strong selling pressure was validated by the A/D indicator. As a result, it was unlikely that the recent losses would be recovered quickly.

On the other hand, the moving averages with periods of 20 and 50 served as dynamic overhead resistances. They displayed the bearish FLOKI market structure. The last lower high was $0.000135—nearly 62% higher than current values.

FLOKI Price Consolidation Likely as Market Panic Triggers Potential Further Losses

There was a significant bearish long-term bias. Due to the absence of purchasing pressure, FLOKI may need to consolidate around its current lows or move further lower before attempting a rebound. Although $0.0001 and $0.000117 are general magnetic zones, they are far from current prices according to the 24-hour liquidation heatmap.

The short liquidations have more liquidity, according to the 24-hour liquidation map. Consequently, there is a greater chance of a short-term upward advance. On the other hand, there is great panic in the market, and further losses are not far off. Thus, it may be advisable for traders to research the market dynamics thoroughly and wait for the waters to calm down.

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