FLOKI Skyrockets on Whale Activity & Volume Spike

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FLOKI is experiencing a powerful resurgence, surging over 14% in a single day and drawing attention with a 571% spike in the trading volume, now exceeding $260 million daily. This spike came on the back of a technical breakout from a falling wedge pattern, with bullish confirmation from whale wallets accumulating over 1.2 billion FLOKI tokens. Open interest also hit yearly highs, signaling strong interest from future traders.

The FLOKI price is making a strong comeback after experiencing a significant pullback in the last few days of June. Since then the price has been printing consecutive higher highs and lows, signifying the rising strength of the bulls. The RSI is rising but is yet to test the upper threshold, which suggests the price could continue rising and eventually reach the local highs at $0.00011387. Once these levels are secured, breaking the neckline of the double-bottom pattern could be imminent. $FLOKI