A pseudonymous cryptocurrency analyst Rekt Capital said that meme cryptocurrency FLOKI FLOKI/USD might experience a price surge. 

What Happened: Rekt Capital on X said, “FLOKI is in the process of retesting its final major resistance as new support (black). Successful retest would send #FLOKI to new highs. Needs to continue to hold here. Retest is in progress.”

According to the provided chart, FLOKI confronts two critical resistance levels at $0.000021 and $0.0000625. 

In technical analysis, resistance levels are price points where selling pressure overcomes buying pressure, making it hard for the asset price to rise beyond this level. When an asset’s price manages to break above a…

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