FLOKI bulls have succeeded in driving the price past a local resistance zone, bringing in a bullish market structure in the process.
FLOKI’s Open Interest has seen a surge of 8% in the last four hours, and 18% in the last 24 hours. The fifth-largest memecoin has been grabbing attention in the bear market with its price performance and bullish price action pattern.
FLOKI price could be set to rise by 20% to hit the $0.00019 level in the coming days.
Furthermore, FLOKI was trading above the 200 Exponential Moving Average on a daily time frame, showing that it was in an uptrend. According to on-chain analytics firm Coinglass, FLOKI’s Open Interest
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