FLOKI’s next move hinges on THIS bearish pattern – Here’s what to watch

Key Points

1. FLOKI gained 6% on August 13, ranking as the eighth-largest memecoin with a $1.12 billion market cap.

2. The Robinhood listing was seen as a 'huge step forward,' increasing accessibility for traders.

3. FLOKI dropped 9% on August 12, failing to sustain the 50% Fibonacci level and heading toward the 61.8% level.

4. Over $1.16 million worth of FLOKI moved into exchanges in 24 hours, signaling potential downside momentum.

5. Liquidations totaled $68.09K, with long positions ($47.46K) outweighing shorts ($20.63K).