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Key Takeaways:
- FLOKI surged 6.6% in 24 hours, outperforming a stagnant market.
- Key resistance is under pressure; breakout could target $0.0001873+.
- Rising open interest reflects cautious bullish sentiment among traders.
FLOKI is showing renewed strength, rising nearly 6.6% in the past 24 hours even as the broader cryptocurrency market remains largely stagnant. The meme coin is currently trading at $0.0001182, with a sharp 47.7% increase in trading volume to $171.5 million, reflecting a surge in investor interest.
Though FLOKI remains down over 8% on the weekly chart, its recent bounce from a key support zone has rekindled bullish sentiment.
Technical Setup Points to Possible Breakout
Crypto analyst Kings Charts highlighted FLOKI’s retest of a major resistance zone between $0.0001250 and $0.0001300, with the price currently holding above previous support between $0.0001100 and $0.0001200. A successful breakout could set FLOKI on a path toward $0.0001873, a previous high, and potentially $0.0002837 if momentum continues.
This technical rebound, paired with rising trading volume, suggests renewed accumulation from buyers — a key indicator of trend continuation. However, analysts caution that a drop below $0.0001100 could flip the outlook bearish once more.
Rising Open Interest Shows Growing Market Confidence
According to CoinGlass, FLOKI’s open interest (OI) rose 11.4% to $47.1 million, while volume climbed to $212 million, up 28%. This reflects growing speculative positioning in FLOKI, though the relatively low OI-weighted value of 0.0043% indicates moderate leverage. Traders are optimistic, but not overly aggressive.
This cautious approach aligns with broader market behavior, where gains are driven more by renewed interest than risky leverage.
Outlook: Cautious Optimism with Bullish Potential
With resistance under pressure and both volume and OI increasing, FLOKI appears poised for further upside — assuming support levels hold and buying pressure remains steady. While the road to higher targets may encounter selling zones, the meme coin is once again in the spotlight, potentially setting up for a bigger run.
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 Reclaims Top 100 as Price Surges — Will It Reach $0.0002 Next?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
