Tag: price consolidation

FLOKI Signals Strength for 2026 Rally as Rising Trend Remains Intact

The post FLOKI Signals Strength for 2026 Rally as Rising Trend Remains Intact appeared com. FLOKI is showing strong long-term bullish potential despite short-term weakness. Analysts highlight a steadily rising trend since 2022, with consistently higher lows and sustained accumulation. The 10-day and long-term charts indicate a key supply zone near $0. 00030$0. 00050 that could trigger a major breakout. Meanwhile, the asset trades around $0. 00008298 after a 2. 75% daily dip, as buyers look to defend critical support levels. Long-Term Rising Trend Supports Accumulation Analyst ENL reports that the token continues to respect a long-term ascending support line established in 2022. The 10-day chart indicates that each decline since then has formed a consolidation wedge before the next move upward. This recurring structure shows buyers repeatedly defending higher lows, laying a steady technical base. As long as the price holds above the rising trendline, this steady upward path suggests the token could maintain momentum into the next market cycle. Market participants are closely watching for a decisive close above the upper consolidation boundary to confirm the start of a new upward leg. Key Supply Zone Near 2021 Highs The cryptocurrency remains below a major supply zone around 0. 000300. 00050 USD, an area that acted as strong resistance during 2021. This region represents the next critical level where bulls must demonstrate strength for a breakout. Historical activity shows that reaching this area typically attracts heavy selling, making it an important target. According to the analyst, a successful breakout and close above this band would provide technical validation for an extended rally. The chart outlines a gradual approach to this zone with multiple advances and minor pullbacks, reinforcing the potential for an eventual challenge of the 2021 peak. Additional Perspective from Crypto Peer Analyst Crypto Peer shares a similar long-term view as analyst EN. His chart.