• Floki moved out of a long downward path and now shows signs of another wave ahead  

  • The price now holds firm above the level that once stopped it from growing  

  • If buyers stay active Floki could grow again and reach a new high in a short time

Floki (FLOKI) has surged over 93% after a symmetrical retest and now trades above a crucial resistance level. The asset has exited a months-long falling wedge formation and is now positioned for what analysts describe as a potential breakout wave. According to World of Charts, another 2x move may occur if current resistance levels hold and price momentum continues.

https://twitter.com/WorldOfCharts1/status/1916932700214333517

In a chart posted on April 28, 2025, the price of Floki climbed from approximately $0.00003833 to a peak of $0.00007413. The breakout followed a pattern that technical traders often identify as a bullish reversal—the falling wedge. The movement through the upper boundary signals a completed reversal, supported by a successful retest of a key support band near $0.00006000.

This recent move confirms the scenario predicted by World of Charts in March 2025. The post highlighted that once the wedge cleared, a bullish wave could follow. That forecast now appears to be in motion, as FLOKI consolidates above former resistance and within range for a continued climb.

Falling Wedge Breakout Signals Shift in Trend

The falling wedge is a well-known reversal pattern observed across crypto and stock markets. It generally appears after a downward trend and narrows over time before a breakout. In FLOKI’s case, the wedge lasted from December 2024 until April 2025, ending with a breakout in late April.

During that period, the token experienced lower highs and lower lows, forming the characteristic shape of the wedge. As of the breakout, price escaped both trend lines of the wedge and moved decisively above resistance. The price then pushed through the $0.00006000 barrier and gained over 93% in value.

According to the chart, the next projected move could double the asset’s value from the breakout point. This expectation is based on historical performance of similar technical structures and continued momentum in buying pressure. If the 2x surge materializes, FLOKI could move well above $0.00014000.

Key Resistance Flipped as Support

FLOKI’s previous resistance level now acts as short-term support near the $0.00006000 range. Holding this level is critical to validate the breakout and to confirm a trend continuation. Technical traders often look for retests of broken resistance as signs of strength before new upward moves.

So far, this retest appears successful, with price now stabilizing just above the prior resistance zone. The candlestick pattern in the chart shows increasing buyer interest as volume picked up around this support. With the breakout holding, the chart setup remains aligned with bullish momentum predictions.

The potential 2x wave mentioned in the tweet would place FLOKI in a strong technical position. Traders watching this move will closely monitor whether price action holds above the breakout and whether the asset maintains momentum into May.

Could FLOKI Repeat a Multi-Week Rally?

The chart’s structure suggests FLOKI has already completed a major technical reversal. In previous cycles, similar breakouts led to several weeks of gains. With the breakout level firmly tested, continuation is plausible if volume and sentiment remain strong.

A 93.55% move has already occurred, measured directly from the breakout candle to the projected target. The blue projection box in the chart illustrates the scale of that rally. Technical analysts now look for price action to confirm this potential with continued higher closes.

Can this breakout now drive FLOKI toward a full 2x gain, or will resistance levels slow the rally before the wave is complete?