The post FLOKI Price Analysis: Bearish Signals Mount as RSI Drops to 35.65 appeared on BitcoinEthereumNews.com.

Caroline Bishop
Sep 28, 2025 08:14

FLOKI trades with 2.12% daily decline amid weak momentum indicators. Technical analysis reveals oversold conditions with potential support test ahead.

Quick Take • FLOKI currently trading down 2.12% in the last 24 hours with $4.79 million volume • FLOKI RSI at 35.65 indicates approaching oversold territory • No major news catalysts driving current price action What’s Driving Floki Price Today? FLOKI price action today appears primarily driven by technical factors rather than fundamental news, as no significant developments have emerged in the past week. The 2.12% decline reflects broader market sentiment and profit-taking activity among traders. The absence of major announcements or partnership updates has left FLOKI vulnerable to technical selling pressure. This lack of positive catalysts, combined with weakening momentum indicators, has contributed to the current bearish price movement in the FLOKI/USDT trading pair. FLOKI Technical Analysis: Bearish Signals Emerge Floki technical analysis reveals several concerning indicators for short-term price action. FLOKI’s RSI reading of 35.65 suggests the token is approaching oversold conditions, though it hasn’t yet reached the traditional oversold threshold of 30. This RSI level indicates selling pressure has been significant but may be nearing exhaustion. The FLOKI MACD histogram showing negative values confirms bearish momentum continues to dominate the daily timeframe. Floki’s Stochastic indicators present an even more oversold picture, with the %K at 8.81 and %D at 12.08, both well below the 20 threshold that typically signals oversold conditions. FLOKI’s position relative to its Bollinger Bands provides additional insight, with the %B reading of 0.1083 indicating the token is trading near the lower band. This positioning often suggests either strong selling pressure or potential support formation, depending on how price reacts at these levels. Floki Price Levels: Key Support and Resistance…

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Filed under: News - @ September 28, 2025 8:26 am