Floki faces key resistance despite growing market interest – here’s why

Despite a 150% surge in large transactions and a growth in Open Interest to 15.51 million USD, FLOKI faces resistance. Network growth’s decline raises concerns about price sustainability amidst growing interest.

Smaller transactions rose by 60%, while larger ones saw an increase of 150%. However, there’s no significant activity in transactions over 1 million USD, indicating larger investors are waiting.

FLOKI is consolidating in a falling wedge pattern, currently priced at 0.00009357 USD with a slight decline of 0.80%. Traders are monitoring potential breakouts amidst liquidations signaling caution.