- The volume of whale transactions ($ 100,000 to $ 1 million) increased by more than 1,700%, while open interest increased by 30.73%.
- Floki broke short compressed areas and targeted 0.00011583, but RSI reported exaggerated risks.
Large transactions on Floki (Floki) The network exploded, with a volume of $ 100,000 to $ 1 million up more than 1,700%. This indicates a strong resurgence of the activity of whale investors and of intermediate level.
In addition, open interests increased by 30.73%, reaching $ 33.69 million, showing a sharp increase in long leverages.
At the time of writing the editorial staff, Floki was negotiated at $ 0,000,1045 after earning 11.03% in the past 24 hours. This convergence of capital entrances and aggressive commercial behavior underpinned the current bullish dynamics.
The development activity of peaks – a renewed orientation?
Floki’s development activity has increased sharply after months of dormancy. At the time of the press, the metric of the development activity reached 1.67, marking the highest level in months.
This suggests that the team could actively build or prepare to deploy new features or upgrades.
Historically, such peaks in development activity precede the announcements or integrations of the network, more feeling of market feelings.
Consequently, this renewed technical progress can provide additional narrative support for the current Floki price rally.
Source: Santiment
Flash evaluation measures The signs of early alert
The Floki MVRV Z-Score was 1.01 at the time of the press, bringing in the profitable territory for average holders. This marked a significant recovery from a values lower than zero in April, when long -term holders were largely underwater.
A growing MVRV indicates that recent buyers are starting to see gains, which can fuel confidence continues.
However, this also leads to a risk of realization if the metric climbs too much, so monitoring its trend remains essential for the evaluation of sustainability.
Source: Santiment
Despite the Haussier rally, the NVT ratio climbed to 617.98, which suggests that the value of the network far exceeds the actual volume of transactions.
Such a high ratio often indicates an overvaluation or a speculative foam rather than the growth of organic public services.
If the transfer of value cannot make up for the price increase, this could cause corrections.
Consequently, although investors are clearly optimistic, recharge time or consolidation may be necessary to reset assessment measures and restore balance.
Floki higher technical target eyes
Ambcryptto’s gaze on the thermal liquidation card revealed that Floki broke above a group of short positions concentrated between $ 0.000095 and $ 0.000098.
This violation probably sparked a liquidation cascade, accelerating the movement upwards.
The current price oscillating above 0.000104, additional liquidations can occur if the bullish momentum argued.
These rallies focused on pressure are often short -lived unless supported by high demand, so observation of the monitoring volume will be crucial in the coming days.
Source: Coringlass
The price, having exceeded the FIB extension of 2.618 (0.00009144 $), has now targeted extensions of 3.618 and 4,236 to 0.00011009 $ and $ 0,000,11583, respectively.
The RSI was 73.86, which placed Floki on an exaggerated territory at the time of the press. This reported a strong dynamic but also calls for caution, because the price can consolidate or be slightly before a potential continuation.
A net break greater than 0.00011009 would reinforce the bullish force and validated these higher targets.
Source: tradingView
Can Floki extend his rally?
Floki’s overvoltage is currently supported by the accumulation of whales, the increase in development activity and a significant increase in lever -effect positioning.
However, the high NVT report and the exaggerated RSI highlight the potential short -term risks.
If the price maintains a momentum greater than 0.00011009 and fundamental measures as the volume of transactions improves, the rally could extend towards the bar of $ 0.0001,583.
Sustainability will depend on the continuous commitment of networks and the question of whether short -term speculators make profits or double.
