Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• FLOKI reversed losses made since mid-August. 
• Bearish sentiment prevailed despite bullish BTC. 

Second-tier meme coins outperformed their legacy counterparts during the recent market recovery. In particular, Floki [FLOKI] and Pepe [PEPE] posted double-digit gains of 37% and 12% respectively over the past week.  

Is your portfolio green? Check out the FLOKI Profit Calculator 

On the contrary, Shiba Inu [SHIB] and Dogecoin [DOGE] posted single-digit weekly gains of 2% and 4% over the same period. 

A recent report established that FLOKI’s popularity and daily activity outpaced major meme coins and could partly explain the impressive price performance. However, the rally faced headwinds.

FLOKI faced an overhead hurdle of $0.00003 on the weekly chart

The move above $0.000025 tipped FLOKI to reverse losses made since mid-August. Notably, the $0.000025 level was an invalidated bearish order block (OB) on the 12-hour chart. At press time, the level had been retested as

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Author: Benjamin Njiri

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