In-depth analysis

1. Technical weakness (bearish impact)

Overview: FLOKI has broken below its 7-day simple moving average ($0.0000477) and its 30-day simple moving average ($0.0000484), thereby eroding short-term support. The RSI (39.91) shows no signs of a rebound after an oversold situation, while the bearish crossover of the MACD (-0.000002219) confirms the bearish momentum.

What this means: traders are liquidating their positions as the price struggles to stay above $0.0000434. The Fibonacci retracement zone ($0.0000451–$0.0000476) now acts as resistance, requiring a rise of 4 to 9% to be broken through.

To watch: A close above $0.0000451 (pivot point) could stabilize losses, while a failure risks testing the level of $0.0000419 (2025 low).

2. Evolving sentiment around Memecoin (mixed impact)

Overview: While the memecoin sector rebounded by 40% last week (CryptoNewsLand), FLOKI has underperformed compared to competitors like BONK and SHIB. Its 30-day pullback (-22%) is greater than the average of the category.

What this means: investors are turning to newer and more volatile projects, thus relegating the utility discourse of FLOKI (Valhalla Gaming, ETP listing) to the background due to a more general risk aversion.

3. Generalized risk aversion in the market (bearish impact)

Overview: Cryptocurrency markets have dropped by 2.32% in a climate of fear (index: 24) and increased Bitcoin dominance, now reaching 58.47%. Altcoins like FLOKI are experiencing a liquidity loss, with capital shifting towards safer assets.

In short: FLOKI's high beta (its volatility relative to BTC) amplifies losses during market pullbacks. The token's correlation with BTC over 90 days is 0.82, according to CoinMarketCap data.

Conclusion

The pullback of FLOKI is explained by technical failures, meme-related sector rotation, and macroeconomic risk aversion. Although its long-term utility (ETP, gaming) has potential, a short-term recovery depends on returning above $0.0000451 and reigniting meme momentum.

Key point to monitor: Can FLOKI maintain support at $0.0000419 if BTC dominance continues to grow?$FLOKI