#Floki's price was trading within a descending triangle. After an ascending consolidation, it broke above the resistance.
Within this pattern, $FLOKI was also in a rising wedge and breached it, increasing by 18.30%.
Increased demand at $0.00015 led to a rounding bottom reversal, revealing a neckline at $0.0002680.
Floki meme coin has increased by 77% over the past seven weeks and is heading to challenge the neckline for a breakout rally.
ccording to Coingabbar analysis, Based on trend-based Fibonacci levels from the February bull run, the breakout rally could target $0.0003900 if it holds above the $0.0003000 level.
If bulls fail to sustain above the neckline, a pullback may occur, finding support near the 78.60% Fibonacci level followed by the 61.80% Fibonacci level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00030000-$0.00039000
SUPPORT LEVEL : $0.00021000-$0.00016000
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