FLOKIUSDT Analysis | the people's cryptocurrency
The **0.382 Fibonacci retracement level** appears to be **broken**, suggesting potential further downside. The next key support levels to monitor are:
1. The **0.5 Fibonacci retracement level** (~$0.1711).
2. The **200-day MA** (red line), positioned as a critical dynamic support (~$0.1550).
**Oscillator Analysis:**
- **RSI**: At ~46, showing weakening momentum but not oversold, leaving room for further downside.
- **MACD**: Bearish crossover, with the histogram turning negative, confirming downward momentum.
- **OBV**: Slight decline, indicating reduced buying pressure and possible distribution.
If the **0.5 Fib level** fails to hold, the **200-day MA** is the next key area where buyers might step in. Monitor these levels closely for potential reactions. Stay cautious!
1. The **0.5 Fibonacci retracement level** (~$0.1711).
2. The **200-day MA** (red line), positioned as a critical dynamic support (~$0.1550).
**Oscillator Analysis:**
- **RSI**: At ~46, showing weakening momentum but not oversold, leaving room for further downside.
- **MACD**: Bearish crossover, with the histogram turning negative, confirming downward momentum.
- **OBV**: Slight decline, indicating reduced buying pressure and possible distribution.
If the **0.5 Fib level** fails to hold, the **200-day MA** is the next key area where buyers might step in. Monitor these levels closely for potential reactions. Stay cautious!
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