FLOKI's Short-Squeeze Rally Faces Crucial Test Above $0.0000302
FLOKI's price surge after the short-squeeze rally from four days ago has begun to cool down, hovering near $0.00002863 with a relative strength index (RSI) of 59.81 and Bollinger %B at 0.82, just below upper-band resistance.
Four days ago, FLOKI's price exploded after a $262 million short-liquidation cascade sent Bitcoin above $87,000, dragging FLOKI up 11.6% in 24 hours to $0.00002998 on explosive volume.
However, with Bitcoin now consolidating near $83,730, $84,000, FLOKI faces a crucial test: can it hold its ground above $0.0000302 and build a sustainable platform, or will the momentum from the short-squeeze event prove to be borrowed time?