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- FLOKI gained 6% after listing on Robinhood, expanding retail access.
- Technical charts signal possible downside if $0.00001055 support is broken.
- On-chain flows indicate selling pressure, with $1.16M moved to exchanges.
Popular memecoin Floki (FLOKI) saw a 6% gain on August 13, marking a notable recovery after a recent pullback. Ranking as the eighth-largest memecoin with a $1.12 billion market capitalization, FLOKI trails only Official Trump (TRUMP) and SPX6900 (SPX) in the meme asset space. The surge coincides with its debut on U.S.-based trading platform Robinhood, granting access to over 25 million users. The Floki team called the listing a “huge step forward” in expanding retail adoption.
$FLOKI is Now Listed on the Robinhood App
— FLOKI (@FLOKI) August 7, 2025
This marks a huge step forward for Floki, unlocking access to 25+ million users on the most influential retail trading platform in the world.
Floki has gone from a meme to a movement, and now it's sitting alongside the most recognizable… https://t.co/iAdne5mgZe pic.twitter.com/5ka7ZHMTWi
Price Action and Technical Signals
Despite the recent gain, FLOKI’s technical charts suggest caution. On August 12, the token dropped 9% to $0.00001069, yet trading volume surged 51%, signaling active market participation. Technical analysis shows FLOKI failing to hold the 50% Fibonacci retracement level, now eyeing the key 61.8% level on the daily chart. A bearish inverted flag and pole pattern is forming, with analysts noting that a daily close below $0.00001055 could trigger another 10% downside, potentially reaching $0.000009746, a key support level. The Supertrend indicator remains red, reinforcing a cautious outlook, while the Relative Strength Index (RSI) sits at 46, indicating neutral momentum.
Also Read: Floki Inu Reclaims Top 100 as Price Surges — Will It Reach $0.0002 Next?
On-Chain Flows Hint at Selling Pressure
On-chain data points to potential investor profit-taking. CoinGlass reported over $1.16 million worth of FLOKI moved into exchanges in the past 24 hours, suggesting heightened selling pressure. Liquidations favor long positions, with $47.46K wiped out compared to $20.63K in shorts, highlighting market vulnerability. Key liquidation clusters at $0.0001051 and $0.0001143 suggest that over-leveraged positions could trigger sharp price swings if breached.
Cautious Optimism for Traders
Floki’s Robinhood debut represents a milestone for retail accessibility, yet technical indicators and on-chain flows underline the volatility inherent in memecoin trading. Investors are advised to monitor critical support and resistance levels closely while weighing the potential for both short-term gains and downside risks.
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 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.
