Floki explodes 12% on a massive volume, potentially signaling the bullish momentum

Samecoin Floki Rockets 12.1% in a 24 -hour session, exploding from $ 0.0000815 to $ 0.0000915 on a massive volume, while the Coindesk 20 larger market index earned only 1.4%.

The negotiation range reached $ 0.0000,136, which represents a volatility of 16.8%, in accelerated action, in particular towards the UTC window from 1:00 p.m. to 4:00 p.m. on July 8.

Floki has broken several resistance barriers, depending on the model. The volume exploded at 274.1 billion tokens at 4:00 p.m. UTC, five times the average 24 hours a day, 58.4 billion.

A strong volume medium materialized at a level of $ 0.0000851 during the UTC period of 12: 00-13: 00. This launch ramp established for a break up greater than a resistance of $ 0.0000880. This momentum higher than the rise, combined with high trading volumes, points out institutional accumulation and a potential optimistic feeling.

This decision comes in the middle of the Floki news launched officially Valhalla last month, a game based on the blockchain inspired by Nordic mythology. The game economy is built around Floki tokens, which players win by performing tasks in the game and winning battles.

Strengths of technical analysis

  • Rocket prices from $ 0.000082 to 0.0000000092 representing a gain of 12% over a period of 24 hours, according to the technical analysis data of Coindesk Research.
  • Volume points reached 274.1 billion tokens at 4:00 p.m., almost five times the average.
  • Critical resistance exceeds the level of 0.000088 with a high confirmation of volume.
  • Support established at a level of $ 0.000085 for 12: 00-13: 00 Consolidation phase.
  • A new session summit of $ 0,000092 reached during the last hour rally.
  • Sustained purchase pressure maintained above the psychological level of $ 0.000090.

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