Floki Bleeding 32 % this month: 3 anxious indicators star-news.press/wp

• Floki decreased by 14 % in 24 hours and 32 % this month, about the main historical support area.
• The five -week marketing batch aims to revive the interest in Floki Metaverse amid a decrease in the price.

Floki (Floki) recorded one of the largest market losses over the past 24 hours, decreased by 14 %, and showed a 32 % monthly decrease.

At the same time, the sellers kept fixed control of the market. The price movement is close to a long -term support area, but the signs of a bullish reflection remained weak.

There is a lot that happens with Floki, and Ampcrypto offers detailed visions.

Floki approaches cash support: What next?

Nowadays, Floki was traded in a major support area, ranging from 0.00007602 and 0.00007453.

Market analysis revealed that this support level played a decisive role in Floki prices on three different occasions, each time leads to great gains.

Source: TradingView

However, the structure this time is less encouraged. The broader trend is still downward, and condemnation has been eroded through space markets and derivatives.

History rhymes, but it is not always repeated

The open attention, which measures the unstable derivative floki contracts, continued to decrease.

It has decreased by 17 % in the past 24 hours, indicating a significant decrease in total liquidity in the derivative market.

Source: Coinglass

Ambrypto found that the dumpted Floki feelings continue to grow, hinting at a decrease in prices.

Details data indicate the condemnation of the weak market

The pressure pressure appears to be wide. The accumulation/distribution (A/D) Read -6.3 trillion, confirming the dominant exit phase.

Source: TradingView

In addition, the equivalent stop and vice versa (SAR) is in line with this feeling, as the points are higher than the current price. If more points are formed, then this means increasing the sales volume in the market.

Finally, the difference in moving average rapprochement (MACD) confirmed a cross -death style.

This pattern is formed when the Blue MACD line crosses below the orange signal line, indicating a significant decrease in prices.

Source: TradingView

Does development activity support price?

To face the weak direction, Floki team Declare A five -week advertising campaign aimed at strengthening Metaver’s game.

If it succeeds, the voltage can refresh the user’s attention and provide support.

However, without a concrete increase in adoption, the current declining direction may continue – which leads to weak support.