Floki's $0.000030 Line Makes or Breaks Its Momentum
Floki (FLOKI) has been on a wild ride in recent days. After posting a 30%+ weekly gain following Bitcoin's short squeeze above $77,000, FLOKI pulled back by -3.6% to ~$0.0000262.
The intraday picture is flashing red, with the RSI at 66.52 not yet in overbought territory and momentum flattening as buyers hesitate near the upper Bollinger Band.
Historically, a %B above 0.90 that doesn't immediately convert into a breakout and hold becomes a rejection wick catalyst, indicating meaningful downside from current levels if FLOKI fails to punch through.