FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny

Source Newsbtc

FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKI’s support will be crucial in determining its next move and whether it can withstand the current downtrend.

This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom.

Is FLOKI’s $0.000110 Support In Danger?

On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines.

FLOKI

Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price.

On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown.

FLOKI

A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market.

Testing Times Ahead For FLOKI

FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas.

Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels.

FLOKI
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
TSMC Q3 Earnings Preview: Record Revenue Is a Lock, but an Upgraded Outlook Could Be the Real CatalystGlobal semiconductor foundry leader Taiwan Semiconductor Manufacturing Company (TSMC, TSM) will report its Q3 2025 earnings on Thursday, October 16, before U.S. markets open.
Author  TradingKey
8 hours ago
Global semiconductor foundry leader Taiwan Semiconductor Manufacturing Company (TSMC, TSM) will report its Q3 2025 earnings on Thursday, October 16, before U.S. markets open.
placeholder
Intel Downgraded by BofA and HSBC: Is a 50% Monthly Surge Overly Optimistic?HSBC has lowered Intel's rating from "Hold" to "Reduce," and Bank of America has adjusted its rating from "Neutral" to "Underperform".
Author  TradingKey
8 hours ago
HSBC has lowered Intel's rating from "Hold" to "Reduce," and Bank of America has adjusted its rating from "Neutral" to "Underperform".
placeholder
Powell Speech Preview: Will Fed Chair confirm two more rate cuts?With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
Author  FXStreet
9 hours ago
With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
placeholder
Aave Price Forecast: AAVE slips below $260 as on-chain metrics turn bearishAave (AAVE) price trade below $260 at the time of writing on Tuesday as the token faces weakness around its key resistance zone.
Author  FXStreet
10 hours ago
Aave (AAVE) price trade below $260 at the time of writing on Tuesday as the token faces weakness around its key resistance zone.
placeholder
WTI Oil drops to the $58.00 area as global trade fears resurfaceThe US benchmark West Texas Intermediate Oil has lost nearly $1 per barrel on Tuesday, retreating to levels near $58.00.
Author  FXStreet
10 hours ago
The US benchmark West Texas Intermediate Oil has lost nearly $1 per barrel on Tuesday, retreating to levels near $58.00.
goTop
quote