Floki Inu (FLOKI) price has been climbing, but certain signs suggest that this steady uptrend might not be sustained.
Floki Inu price shows signs that suggest a potential correction could be around the corner. Investors can expect FLOKI to lose 20% of its market value and retest $0.000216. A sweep of the $0.216 support level could be a good place to buy the dip for sidelined buyers. Floki Inu price has been climbing, but certain signs suggest that this steady uptrend might not be sustained. Instead, FLOKI could slide lower, allowing buyers to accumulate the meme coin.
Considering the ongoing bearish divergence between the Floki Inu price and momentum indicators, history is likely to repeat. Hence, investors can expect the meme coin to kickstart another correction. There are two key swing lows – $0.000245 and $0.000216. The first target is roughly 12% away, and the second is 22% away from the current price of $0.000278. If the overall market outlook remains bullish, a sweep of the second swing low would be a good buying opportunity.
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