Floki, a popular meme coin, has been making waves in the cryptocurrency market with its impressive performance. After breaking out of an upward formation in mid-May, the coin saw a remarkable 80% profit, with 99% of investors in the money. However, recent data suggests a potential reversal in the trend, leaving investors wondering if Floki's winning streak will continue.

According to World Of Charts, a renowned crypto analyst, Floki's outlook suggests a potential continuation of the upward trend. Despite a slight price correction in the last 24 hours, sentiment remains beullish, with social volume on the rise. However, other on-chain data tells a different story, indicating a potential trend reversal. The MVRV ratio remains positive, while the NVT ratio has declined, suggesting a potential price increase in the future.

Floki's daily chart shows a bullish trend, with the MACD indicating a potential continuation of the upward momentum. The Bollinger Bands suggest that the coin's price is significantly above the 20-day Simple Moving Average (SMA). With network growth on the rise, more new addresses are being created to transfer the token, indicating a potential increase in demand.

In conclusion, while Floki's recent performance has been impressive, the potential for a trend reversal cannot be ignored. As the market continues to evolve, it remains to be seen whether Floki's winning streak will continue or if bears will take over. One thing is certain - investors will be keeping a close eye on this meme coin's next move.