FLOKI crypto’s new accumulation trend: Will it trigger an uptrend?
- FLOKI crypto pumped nearly 12% on the 14th of October.
- A slight retrace after the pump triggered an accumulation spree.
After the post-Monday rally, Floki [FLOKI] saw a renewed accumulation spree that could signal a potential rally in the near term.
On the 14th of October, FLOKI jumped about 12% but faced sharp retracement after hitting a key roadblock.
But with ongoing memecoin dominance and apparent investor appetite for FLOKI, should you join the trend?
FLOKI’s chart position
Source: FLOKI/USDT, TradingView
On high timeframe chart, FLOKI’s market structure was bullish after Monday’s higher high. But the upswing faced a roadblock at the mid-range of the ascending channel (yellow).
Since August, the channel’s…
