FLOKI's Lower Bollinger Band Compression Raises Questions
FLOKI is stuck against its lower Bollinger Band, with a Stochastic %B reading of 0.28 indicating it's barely a quarter of the way up its volatility envelope.
This setup alone isn't a buy signal, but paired with a Stochastic %K at 25 and %D at 20 in oversold territory, a picture forms: this market is stretched, coiled, and carrying genuine mean-reversion potential.
The RSI at 40.63 is the dissenting voice in that read, as it hasn't crossed into oversold territory, implying buyers haven't panicked yet.
A capitulation flush could clear the air and set up clean reversals, but a slow bleed on indifference doesn't.