West Hollwood CA 90069
630 506 3900
adam@adamtracy.io

Meme Coin Predictive Analysis for March 16, 2022 – Floki Inu

by | Mar 16, 2022 | Cryptocurrency | 0 comments

The current bearishness of the market has affected most crypto to fall in value including bitcoin the mother of all crypto. The Floki Inu (FLOKI) bears have absorbed all the gains traders made during November last year when Floki Inu reached its all-time high (ATH). The meme coin turned down from the $0.0003 resistance and hit the January low support of $0.000032. However, this 48% devaluation has interested the market participants, suggesting a possible reversal.

During February’s third week, the Floki Inu (FLOKI) price continued to resonate in a narrow range stretching from $0.000043 and $0.000036. On March 5, the sellers breached the range support and slumped 10% to the monthly support of $0.000032. Floki Inu’s most respected support level by technical analysts, which is $0.000027, was broken a few days ago. Floki with all technical indicators turning bears may suffer further downside potential. According to the Bitcoin correction index, if Bitcoin retests last year’s all-time low (ATL) which is $28,800 Floki Inu may move down to $0.00001.

Technical Indicators

The Floki Inu price trading below the crucial EMA(20, 50, 100, and 200) states a bearish trend. Moreover, the coin chart shows the 50-and-200-day EMA approaching a bearish crossover, attracting even more sellers in the market. The MACD indicator lines show a bearish crossover below the neutral zone, projecting a sell signal. The downsloping ADX(17) slope indicates the underlying bearish momentum is increasing.

  • Resistance levels- $0.000036 and $0.000043
  • Support levels-$0.000026 and $0.00002

Technically, Floki Inu at this point is at a discount for the investors who believe in the project. Presently, Floki has lost 92% gained from its time high (ATH). Holding Floki Inu for the long term if the coin survives this bear market can easily turn the holders into millionaires. However, the market can be unpredictable in an environment such as this. 

Summary

If this bear market continues for a long time many coins may vanish including Floki inu. They great “crypto winter” appears to be coming to a slow end, however. Investors should be cautious, but potential upside remains great.


A former professional rugby player, Adam S. Tracy brings over twenty years’ experience as an attorney, consultant and dealmaker with a particular focus on cryptocurrency, digital products, payments and immersive corporate structures. As an accomplished executive and advisor to high risk merchants and stakeholders, Adam has proven himself as a results oriented, decisive leader with proven success advising early market entrants, technology adapters, as well as established participants across a wide range of verticals. Adam Tracy’s attack-first personality allows him to excel in dynamic, demanding environments including complex corporate negotiations, distressed environments and regulatory investigations.

In addition, Adam S. Tracy also has a successful track record co-founding high risk industry ventures, building & leading cross-functional teams, and spearheading diverse corporate transactions. A serial entrepreneur, Adam has successfully started and created exits across a wide swath of markets, including various mobile SaaS ventures, nutraceuticals, peer-to-peer payment systems, and several telemarketing-based ventures. Moreover, as a recognized expert in the payments field, Adam Tracy has been a blockchain and digital currency evangelist and influencer since the early days of Bitcoin.

Utilizing his proprietary “Pre-Event Driven™” strategy for decision making, Adam S. Tracy further leverages his over twenty years’ experience to create cost-effective, value-add solutions for each client. A data-driven acolyte, Adam continually refines his strategies based on field studies and data collection. Moreover, Adam Tracy further augments his range of solutions by actively networking with regulators, liquidity providers, legal and compliance experts, deal-flow brokers, investors and management of leading high risk industry ventures.

Adam S. Tracy earned his Bachelor of Science in Computer Applications and Bachelor of Science in Finance from the University of Notre Dame. He subsequently earned his Masters in Business Administration from the DePaul Kellstadt Graduate School of Business, while concurrently earning his Juris Doctorate from the DePaul College of Law. Adam lives outside Chicago with his with his wife, son, four dogs, and two cats.

On the Web: https://linktr.ee/adamtracy
Twitter: https://twitter.com/TracyFirm
Youtube: http://www.youtube.com/c/AdamSTracy
Linkedin: https://www.linkedin.com/in/adamtracy/
Facebook: https://www.facebook.com/theadamtracy
Reddit: https://www.reddit.com/user/bitattorney
Medium: https://theadamtracy.medium.com/
Instagram: @theadamtracy
Telegram: @adam_tracy
Skype: @adamtracyesq
Email me: adam@adamtracy.io

Share

0 Comments

Submit a Comment

Your email address will not be published.