FLOKI Surges 10%—Can It Break Key Resistance Levels?

FLOKI's price surged over 10%, peaking at $0.00007603 before settling slightly lower at $0.00007112. This upward movement is bolstered by a CMF of 0.17, indicating strong capital inflow and reinforcing bullish momentum.

The cryptocurrency market shows signs of recovery, fueling anticipation for the next bull run. Consequently, meme coins like Dogecoin (DOGE), FLOKI, Shiba Inu (SHIB), Official Trump (TRUMP), and PEPE are experiencing renewed interest, with FLOKI leading the charge.

Over the past 24 hours, FLOKI climbed over 10%, from a low of $0.00006872 to a high of $0.00007603, accompanied by a remarkable 98% increase in daily trading volume, reaching approximately $169.66 million. While it has since retraced slightly to $0.00007112 (at press time), the overall trend remains positive.

Weekly performance shows a 15% gain, although FLOKI still trades around 79% below its all-time high. This price action suggests a period of re-accumulation, with a recent break above a long-term resistance level—now acting as support—signaling further potential upside.

Technical Indicators Support a Bullish Outlook

Technical indicators on the 4-hour chart reinforce this positive outlook. The RSI stands at 58.92, indicating bullish momentum without overbought conditions. The MACD also points upwards, trading above the signal line. Furthermore, the Chaikin Money Flow (CMF) at 0.17 reflects significant buying pressure.

(Source: TradingView)

Maintaining a price above $0.000070 could trigger another upward push. Key resistance levels lie at $0.000085 and $0.000097. Conversely, failure to hold above $0.000070 might lead to a decline towards $0.00006159 or even $0.00005693 if selling pressure increases.

Currently, FLOKI exhibits strength, with bullish indicators suggesting further gains. However, a breakout above resistance or a weakening in buying momentum could result in short-term corrections. A sustained move above $0.000085 would signal a significant upward trend, while decreased volume or a bearish MACD crossover might indicate a pullback.

Tags: Crypto Market, Floki, Floki Inu, Meme Coin, memecoin