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- Floki Inu surged 20% after Elon Musk’s cryptic X post.
- Technical indicators signal potential upside toward $0.00037.
- Trading volume spiked 802%, reflecting high community interest.
Floki Inu (FLOKI) jumped 20% on Oct. 20, hitting a 10-day high of $0.00009 following a cryptic post by Elon Musk. The billionaire, known for championing Dogecoin (DOGE), shared a video featuring Floki the Shiba Inu as the CEO of X (formerly Twitter). This triggered immediate market excitement, sending Floki’s market cap past $830 million—its highest since Oct. 10.
Musk’s post included a link to a new AI-powered app that lets users create similar videos, sparking community engagement and renewed interest in the memecoin. While Floki price later eased to around $0.000083, traders remain bullish on further upside.
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
Technical Indicators Point to Potential Gains
Floki’s 3-day chart shows a falling wedge pattern, often signaling strong upside potential. The MACD lines sit just below zero, but a tightening histogram suggests buyers are regaining control. Analysts note that a bullish crossover could propel Floki to higher levels, with immediate resistance near $0.00011 and an extended target around $0.00037 if the wedge breakout holds.
Trading volume spiked to $540 million, an 802% increase in 24 hours, reflecting growing speculative activity. Mixed Bull-Bear Power readings indicate sentiment is cautiously optimistic rather than overwhelmingly bullish. A decisive weekly close above $0.00015 would confirm the next leg of the rally, while a drop below $0.00006 could invalidate bullish forecasts.
Also Read: Evernorth’s $1B XRP Bet: SBI, Ripple, and Kraken Back World’s Largest XRP Treasury
Community Buzz and Market Sentiment
Floki’s community remains active, with users predicting repeat rallies. Pseudonymous investor “Bonk Guy” speculated on a potential triple-digit surge, echoing excitement across social media. Historically, Musk’s mentions of Floki, including a joke about replacing him as Twitter CEO in 2023, have sparked massive short-term price spikes.
Floki Inu Eyes Next Milestones
Floki Inu’s price surge demonstrates the continued influence of high-profile endorsements in the memecoin sector. With technical indicators showing bullish signs and community enthusiasm running high, FLOKI remains a coin to watch—though traders are advised to monitor key support and resistance levels closely.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
