FLOKI breaks the Falling Wedge pattern, targeting $0.00027 with a 100% upside from current levels.
Trading volume jumps 75% as FLOKI holds key support above $0.00011, backed by rising futures interest.
Valhalla game launch and Webull listing boost FLOKI’s utility and drive increased user participation.
FLOKI (Floki Inu) has surged after breaking out of a Falling Wedge pattern, a setup often linked with trend reversals. The token has gained momentum, supported by volume and technical strength. At the time of writing, Floki was trading at $0.0001325, with a 31.40% increase in the last 24 hours.
Technical Breakout Fuels Price Momentum
According to analysis prepared by Javon Marks, FLOKI recently exited a Falling Wedge structure and may now target the $0.00027 area. This would mark a potential 100% rise from the breakout zone. Price is currently forming higher lows, which often supports continued bullish action.
https://twitter.com/JavonTM1/status/1945614650202005592
ZAYKCharts also confirmed that FLOKI broke above a long-term descending trendline and retested it successfully. This technical confirmation strengthens the current trend. Price is holding above the previous resistance, now acting as support near the $0.00011 area. As long as it remains above this zone, analysts expect continued upside.
The rally has been supported by a 75% increase in daily trading volume. This suggests growing buyer interest and active participation, both in spot and derivatives markets. FLOKI futures open interest has also risen above $80 million, indicating more activity from speculative traders.
Ecosystem Developments and Listings Support Growth
The launch of FLOKI’s Valhalla game on the opBNB chain has increased user activity. Over 125,000 NFTs were minted, and more than 1,000 players joined the game. On-chain activity also surpassed one million transactions, signaling growing utility for the token.
According to data shared after the July 9 Webull listing, FLOKI's trading volume jumped 55%, reaching $187 million. The listing provided access to 24 million users, encouraging retail interest.
Meanwhile, community speculation around a potential Robinhood listing continues to attract attention. The combination of technical patterns, ecosystem developments, and listing exposure is reinforcing market optimism.
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