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As the meme coin prognosis confuses investors, the Floki Inu price is at a critical juncture.
As it consolidates within a parallel channel, the price of the Floki Inu perplexes forecasters.
$0.0001167 is a pivotal level for FLOKI, as it determines the company’s future course of action.
If the bulls can maintain sustained support over the important line of defense, they might aim for an 82 percent gain.
The Floki Inu price is at a crossroads, as all eyes are on the meme currency, waiting for it to unveil its long-term plans. Breaking below $0.0001167 might bode difficulties for bulls, but if support is established above this level, FLOKI could aim an 82 percent upside release.
The pricing of the Floki Inu is still up in the air.
On the 12-hour chart, the Floki Inu price has formed a parallel channel, indicating the token’s lack of directional bias. FLOKI is approaching the $0.0001167 bottom border of the current chart pattern, which is a make-or-break point for the token.
If the Floki Inu price can stay above the parallel channel’s negative trend line, the bulls may have a chance to attempt an 82 percent rally to the upper border of the controlling technical pattern at $0.0002205.
