Whale trading volume (from $100K to $1 million) has surged over 1700%, while Open Interest increased by 30.73%.
FLOKI has broken through short squeeze zones and is targeting $0.00011583, but RSI signals overbought risk.
Large transactions on the Floki network [FLOKI] have exploded, with volumes from $100K to $1 million increasing over 1700%. This indicates a robust recovery in whale and mid-tier investor activity.
Additionally, Open Interest has increased by 30.73%, reaching $33.69 million, indicating a sudden rise in leveraged long positions.
At the time of writing, FLOKI is trading at $0.0001045 after a 11.03% increase in the past 24 hours. The convergence of capital flows and strong trading behavior has reinforced the current growth momentum.
Development activity surges — A new focus?
FLOKI's development activity has surged after several months of quiet. At the moment, this index has reached 1.67, the highest in several months.
This suggests the team may be actively building or preparing to deploy new features or upgrades.
History shows that such spikes in development activity often occur before announcements or network integrations, further stimulating market sentiment.
Therefore, this new technical progress could further support FLOKI's current bullish trend.
Source: Santiment
Valuation metrics provide early warnings
The MVRV Z-score of FLOKI is 1.01 at the moment, returning to the profit zone for average investors. This marks a remarkable recovery from negative value in April when long-term investors were mostly at a loss.
An increase in MVRV suggests that recent buyers are starting to profit, which could boost continued confidence.
However, this also carries profit risk if the index rises too high, so monitoring its trend is necessary to assess sustainability.
Source: Santiment
Despite a strong price increase, the NVT ratio has skyrocketed to 617.98, indicating that the network value is far exceeding actual trading volume.
This excessively high ratio often signals overvaluation or speculative exuberance rather than organic growth.
If the value transfer does not keep pace with price increases, this could lead to a correction.
Therefore, even though investors are clearly optimistic, a cooling off or consolidation may be necessary to reset valuation metrics and restore balance.
FLOKI targets higher technical objectives
TinTucBitcoin's analysis of the liquidation heatmap shows FLOKI has surpassed a cluster of short positions concentrated between $0.000095 and $0.000098.
This may have triggered a wave of liquidations, accelerating the bullish move.
With the current price hovering above $0.000104, additional liquidations may occur if growth momentum is maintained.
Price increases based on squeezes are often short-lived unless there is strong demand, so monitoring volume will be crucial in the coming days.
Source: Coinglass
Price, after surpassing the Fib extension of 2.618 ($0.00009144), is currently targeting the extensions of 3.618 and 4.236 at $0.00011009 and $0.00011583, respectively.
RSI is at 73.86, placing FLOKI in the overbought zone at the moment. This signals a strong trend but also requires caution, as prices may correct or pull back slightly before continuing potential.
A breakout above $0.00011009 would reinforce bullish strength and confirm these higher targets.
Source: TradingView
Can FLOKI extend its growth?
The surge in FLOKI is currently supported by accumulation from whales, increased development activity, and significant growth in leveraged positions.
However, the high NVT ratio and overbought RSI highlight potential short-term risks.
If the price maintains upward momentum above $0.00011009 and fundamental indicators like trading volume improve, the uptrend could extend to $0.00011583.
Sustainability will depend on the level of ongoing network participation and whether short-term speculators take profits or increase investments.
Source: https://tintucbitcoin.com/floki-bung-no-xu-huong-ben-vung-hay-chi-la-con-sot/
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