Floki shows a breakout rally from a falling channel, gaining momentum. A new support trendline forms, reinforcing the higher low formation. An ascending triangle pattern is emerging, with the glass ceiling at the 38.20% Fibonacci level of $0.0001654. Floki is currently trading at $0.0001529, with an intraday gain of 7.43%. The bullish engulfing candle began from the 23.60% Fibonacci level of $0.0001415. Floki has surpassed the 200-day EMA, indicating growing bullish strength. A golden crossover between the 50-day and 200-day EMAs is likely, signaling further bullish momentum. MACD and signal lines remain in positive alignment, supporting the uptrend. The ascending triangle breakout could push Floki toward the top of the falling channel pattern at $0.0003204. Floki has an upside potential of more than 100%, indicating a possible 2x rally. The current price action suggests Floki is positioned for a strong continuation of the bull run. A breakout from the triangle pattern could trigger the next leg of the rally toward $0.0003204.
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