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Floki Inu price forecast: has FLOKI hit bottom?
- FLOKI is trading near a key support at $0.00007000 amid an extended bearish trend.
- The Valhalla mainnet launch, scheduled for June 30, may trigger bullish momentum.
- A break above $0.00007500 could signal a strong price reversal.
- FLOKI's price erosion has led traders to speculate about a potential reversal due to technical signals and upcoming developments.
- Despite recent declines, there are signs of potential accumulation around the $0.00007000 support level.
- Technical analysis indicates a short-term bearish phase for FLOKI, with signs of increased selling pressure and limited bullish strength.
- The Valhalla mainnet launch and utility developments in the FLOKI ecosystem offer hope for the coin's future.
- FLOKI's market cap is around $735 million, with speculation about a potential run towards $1 to $2 billion with renewed buying interest.
- Bullish divergences on trading charts suggest FLOKI could reach a pivot point, especially if it breaks through near-term resistance at $0.00007500.
- Traders are advised to monitor support at $0.00007000 and resistance at $0.00007500 for potential price movements.
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