FLOKI has recently gained attention with a remarkable over 40% increase in a single day. On-chain data and chart patterns indicate that this rally may have further potential. Notably, the Age Consumed metric, which tracks the movement of older tokens, has remained stable, suggesting that large holders are not selling. This lack of movement among dormant holders reduces sell pressure, allowing the upward trend to continue. FLOKI's price began to rise around July 10, marked by a significant Triple EMA Bullish Crossover, indicating strong short-term momentum. Currently trading at $0.000132, FLOKI has reclaimed key Fibonacci levels after a retracement. If it breaks through the resistance at $0.000136, it could aim for the 1.618 extension at $0.000164, potentially resulting in a 25% increase. However, a drop below the 0.236 Fib level at $0.000102 would signal a weakening bullish structure. This analysis is for informational purposes and not financial advice. Read more AI-generated news on: https://app.chaingpt.org/news