Memecoin FLOKI is facing renewed selling pressure, with its price testing a critical support level. Analyst Crypto Pulse stated a decisive break below $0.000027 could trigger a deeper decline toward $0.000015. Technical indicators from TradingView show the asset below key moving averages, with an RSI of 35.89 and a bearish MACD crossover signaling sustained downward momentum.
The cryptocurrency FLOKI is experiencing increased bearish pressure, breaking a period of sideways consolidation. The daily chart shows a clear downtrend with successively lower lows formation.
A key support level near $0.000027 is now being tested for durability. According to analyst Crypto Pulse, “a decisive daily close below this level could trigger a sharper drop, potentially sending the token toward $0.000015.” This has led some traders to watch for short-selling opportunities.
Data from TradingView indicates the price is positioned below major moving averages. The asset has also broken below the Ichimoku cloud, signaling heightened downward pressure.
The Relative Strength Index is currently at 35.89, moving closer to oversold territory. The Moving Average Convergence Divergence (MACD) indicator confirms a bearish crossover with its histogram expanding downward.
This combination of factors points to accelerating negative momentum. Market participants are closely monitoring whether buying volume will emerge to defend current support levels.
