FLOKI Breaks Key Resistance, Rallies 25% in 24 Hours Amid Meme Coin Revival

Sean Williams
Floki Inu (FLOKI)

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Key Takeaways:

  • FLOKI rallied 25% in 24 hours, with trading volume surging 400% to $824 million.
  • Its Valhalla game surpassed 1 million transactions and minted 125,000 NFTs, showcasing real utility.
  • Technical breakout and analyst support signal potential for another 100% upside, with meme coin market strength continuing.

While most of the crypto market saw modest green on July 17, FLOKI emerged as the standout performer, jumping 25% in 24 hours and notching a trading volume spike of over 400% to $824 million, according to CoinMarketCap. The meme coin’s rapid price breakout underscores its growing investor appeal and recent ecosystem milestones.

Valhalla Game Fuels FLOKI’s Utility Narrative

FLOKI’s play-to-earn game, Valhalla, has seen remarkable adoption since launching on the opBNB mainnet on July 1. Within just two weeks, the game surpassed 1 million transactions and led to the minting of over 125,000 NFTs.

Pedro Vidal, FLOKI’s community relations officer, highlighted these developments in a recent interview, calling the project a case of “consistent innovation and real utility.” This growing user engagement is helping FLOKI shed its purely “meme” identity.

Technical Breakout Signals Bullish Momentum

On the technical side, FLOKI recently broke above two long-standing resistance levels: the $0.000110 horizontal barrier and a key diagonal trendline dating back to February. The weekly chart confirms a clear bullish breakout that was failed in May but reclaimed in mid-July.

Currently trading near $0.00013, FLOKI has climbed over 70% in the past month, adding more than $510 million to its market cap. Despite this rally, the token still trades 62% below its all-time high of $0.0003462, set in June 2024 — leaving significant room for potential upside.

Crypto analyst Javon Marks noted that FLOKI’s breakout from a Falling Wedge pattern could set the stage for another +100% rally, targeting the $0.00027 price zone.

Meme Coin Market Grows $18B in July

The broader meme coin market has seen renewed energy, with its total valuation rising from $55 billion to $73 billion since the beginning of July — a 29% increase. Leading names like Dogecoin (DOGE) and Shiba Inu (SHIB) posted notable gains, but FLOKI stole the spotlight.

With a 45% gain over the last 7 days, FLOKI outperformed other meme favorites such as Pepe (PEPE) and Fartcoin (FARTCOIN). It now holds a market cap of $1.24 billion, ranking as the ninth-largest meme coin.

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.

Also Read: Floki Inu (FLOKI) Breaks Out With 30% Surge — Bullish Rally Toward $0.0001158 in Sight

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