Floki: Memecoin Could Rise by 15% If This Happens
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Rising Open Interest
Amid the ongoing price recovery, interest from traders and long-term holders appears to be rising, according to data from on-chain analytics firm Coinglass. The analysis indicated a significant rise in FLOKI’s open interest (OI) of approximately 14% over the last day.
Floki’s technical analysis and key levels
The technical analysis by AskFX indicates that FLOKI formed a Morning Star candlestick pattern at the crucial support level of $0.00016, as well as at the 200 Exponential Moving Average (EMA) on the daily chart.
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