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 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 lower range has been a crucial support and market...

Benjamin Njiri.