📊 $FLOCK
.io (FLOCK) Technical Analysis
Current Price: $0.062622
1. Trend Analysis
Macro (Daily Chart): The token is in a clear downtrend after reaching highs above $0.080 in late January.
Micro (Recent Action): After hitting a local low of $0.049894, the price has initiated a consolidation phase and a mild recovery, forming a base around the current price level.
2. Key Indicators
Moving Averages (MA):
MA(7) (Yellow line): Price is currently trading slightly below this line, indicating short-term bearish pressure.
MA(25) (Pink line): Acts as significant dynamic resistance overhead.
MA(99) (Purple line): Significantly above current price, confirming the long-term bearish trend.
Volume: The trading volume has decreased significantly compared to the high-volume sell-off earlier in February. This suggests diminishing selling pressure but also a lack of strong buying conviction to initiate a major reversal yet.
3. Support and Resistance Levels
Immediate Resistance: $0.065 - $0.067 (MA(25) area). A breakout above this is necessary to confirm a trend reversal.
Immediate Support: $0.055 - $0.058.
Critical Support: $0.049 (Local Low). If this level fails, further downside is likely.
4. Outlook
The chart shows a potential accumulation phase after a steep decline. The immediate focus is whether the price can break above the MA(25) resistance with increased volume.
Bullish Scenario: Breakout and daily close above $0.067 to target $0.080.
Bearish Scenario: Failure to hold $0.058 may result in a retest of the $0.049 low.
Note: Low liquidity and small market cap ($18M) suggest high volatility. Always DYOR
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