• Traders are over-leveraged near $0.000158 on the lower side and $0.000186 on the upper side.
• Floki (FLOKI) could soar by 15% to reach the $0.00021 mark.

Floki [FLOKI]  is set to reverse its downward trend following the formation of a bullish price pattern. FLOKI, along with Cardano [ADA], Ripple[XRP], and Shiba Inu (SHIB), has shown a similar price recovery as of the 24th of December 24 2024.

Rising Open Interest

Amid the ongoing price recovery, interest from traders and long-term holders appears to be rising, as reported by the on-chain analytics firm Coinglass. Data revealed that FLOKI’s Open Interest (OI) has soared by 14% in the past 24 hours.

Currently, major liquidation levels are near $0.000158 on the lower side and $0.000186 on the upper side. Traders are over-leveraged at these points, according to Coinglas