FLOKI, the meme coin that had been stagnating for weeks, is once again drawing investor attention. A strong rally in May swept through major liquidity built up around the $0.000107 level — and now the market stands at a critical turning point. Will there be a correction, or is another breakout on the horizon?
📈 Volatility Spikes – and So Do Expectations
In the past 24 hours, FLOKI’s trading volume jumped by 107%, showing surging interest in the token.
The price spiked to a local high of $0.000123, only to pull back to around $0.000109, a 10% drop shortly after.
This short-term action reflects increased volatility and suggests a potential dip before the next move up.
🧭 Key Zones Traders Should Monitor
Technical analysis highlights several critical areas:
🔹 $0.000107 – a recent high-liquidity zone now breached
🔹 $0.0001 and the range of $0.000092–$0.000095 – identified liquidity clusters from recent liquidation heatmaps
🔹 $0.0000695 – formerly a bearish block (resistance) in March, now acting as a demand zone
This last area, now a bullish block, could serve as a rebound zone if FLOKI retraces further.
🐂 Bullish Structure Signals Momentum Shift
After trending downward since mid-December 2024, FLOKI is now showing early signs of a trend reversal:
📊 Breakout above a key bullish block
📈 On-Balance Volume (OBV) has broken past February and April highs
💸 Chaikin Money Flow (CMF) sits well above +0.05, indicating strong capital inflows
Together, these indicators show that bulls are regaining control of the market.
🎯 Where Could FLOKI Go Next?
If bullish momentum continues, analysts are watching the 61.8% Fibonacci retracement level at $0.000131 — a major bullish target from November’s rally.
If a correction happens, FLOKI could:
🔻 Pull back toward $0.0001 or even $0.000092–$0.000095
🔁 These zones are likely to trigger buying interest and a potential bounce
That said, much depends on the behavior of Bitcoin, which continues to set the tone for the broader crypto market.
🧠 Summary
FLOKI has enjoyed strong performance recently, and technical signals remain bullish.
However, a rapid surge often brings a short-term correction to shake out weak hands.
🔍 Traders should closely monitor the $0.0001 and $0.000095 areas in the coming days. These zones could be critical for the next major move.
And always keep an eye on Bitcoin, as its trend can influence FLOKI’s trajectory heavily.
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