Crypto
FLOKI Plunges 8%, Faces Rising Wedge Formation
FLOKI is trading near $0.000024-$0.000026 after an 8% drop, putting it on a knife's edge.
The technical picture is ambiguous, with momentum flattening and the Relative Strength Index (RSI) moving toward neutral-to-oversold territory.
A rising wedge formation threatens further breakdowns towards $0.000020, but reclaiming $0.000028 would neutralize this narrative.
Sykes & analysts target $0.000028 as the key 2026 pivot level, with some projecting a 2026 high of $0.0000520 in an optimistic scenario.