Floki, the meme-inspired cryptocurrency, is experiencing significant price turbulence. Over the past 24 hours, FLOKI has fallen by 10.70%, currently trading at $0.00009266. The weekly trend is similarly bearish, showing an 18.34% decline. Despite the downward momentum, trading volume remains robust at $141.74 million, suggesting investor interest has not completely vanished. Market participants are closely watching for signs of a potential short-term reversal amid this volatility.
Technical Setup Hints at Possible Reversal
A technical analysis of the FLOKI/USDT daily chart reveals the formation of a rounded bottom pattern above a key ascending trendline—an indicator often associated with bullish reversals. The current price action shows tight consolidation, typically a precursor to a significant move. Notably, the support line has remained intact, and recent candlesticks feature long wicks and smaller bodies, reflecting buying interest at lower price levels.
📈 #FLOKI/USDT DAILY OUTLOOK$FLOKI is forming a rounded bottom above the ascending trendline — bullish setup loading!
— Rose Premium Signals 🌹 (@VipRoseTr) May 29, 2025
Buy pressure is compressing — breakout could be imminent! 🐶🔥
🎯 Target 1: 0.00015303
🎯 Target 2: 0.00017484
Still early — breakout traders should stay… pic.twitter.com/KbgCfcvzAD
Volume analysis further strengthens the bullish case. Increased trading activity during consolidation phases often points to strategic accumulation. If this momentum continues, the token could challenge key resistance levels marked at $0.00015303 and $0.00017484—zones where previous upward moves were rejected.
Also Read: Floki Inu [FLOKI] Jumps 20%: Analysts Predict Further Bullish Rally
Traders Watching Resistance and Support Closely
Floki’s current setup presents a familiar scenario for price action traders. The alignment of rising support with rounded consolidation patterns typically signals the potential for an upward breakout, especially when supported by increasing volume. However, market volatility demands caution. A premature entry could result in false breakouts and rapid losses.
The next few trading sessions will be pivotal. A breakout above the current resistance range could propel FLOKI toward its previous highs, while a breakdown below the ascending trendline would likely invalidate the bullish outlook and increase downward pressure. For now, traders and investors remain cautiously optimistic, monitoring whether FLOKI can turn technical signals into tangible gains.
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
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