FlokiCoin has shown notable strength with a 10% move to the upside, now reclaiming a major high-timeframe range low. This price action hints at a confirmed bullish deviation, suggesting further upside potential if key levels are cleared.
Key Highlights:
Bullish deviation confirmed above the reclaimed range low
Value Area Low (VAL) is the next resistance that must break
Point of Control (POC) and 0.618 Fib are aligned for next upside target
FlokiCoin’s recent 10% surge has flipped a critical level — the range low on the higher timeframe — back into support. This kind of reclaim, especially after a deviation or “failed auction” beneath a key level, often signals a bullish reversal. When price dips below a level only to reclaim it with strength, the setup typically draws price back toward the other side of the range where liquidity is resting — in this case, the range high.
Currently, the next immediate challenge is the Value Area Low, a key resistance that must break cleanly. A successful breach of this area would open the path to the Point of Control, which interestingly aligns with the 0.618 Fibonacci retracement — offering a double confluence zone for a possible stall or further breakout.
Price may consolidate between these levels in the short term, forming a tighter range. However, from a structural perspective, the momentum is leaning bullish, and the objective remains the range high resistance, which has yet to be tested.