Crypto analyst InvestingHaven pointed out a potential strategic entry position for FLOKI memecoin, forecasting a price drop to $0.0001234 between October 25 and November 9.

Current Prices and Projections

Currently, FLOKI trades at $0.0001388, a 6.94% dip over the last day. Over the past few weeks, the price has ranged from $0.00012 to $0.00015, showing signs of consolidation after volatility.

Buy Zone and Resistance Levels

Key support and resistance levels have been noted on the chart. The current resistance is marked around $0.00015 to $0.0001550, indicating strong seller activity. The support level is at $0.0001300, while the projected buy zone of $0.0001234 aligns with InvestingHaven’s forecast.

Expected Market Activity

From October 25 to November 9, FLOKI is expected to dip to the projected buy zone. Selling pressure during this period is anticipated to drive the price down, offering an opportunity for buyers looking for subsequent recovery.

Monitoring FLOKI’s interaction with the $0.0001234 support level will be crucial. Holding at this level may signal a potential rebound.