Date: Tue, July 15, 2025 | 07:56 AM GMT

The cryptocurrency market has entered historic territory, with Bitcoin (BTC) soaring to a new all-time high of $123,000. Ethereum (ETH) is riding this bullish momentum too, posting a 16% weekly gain. This surge of optimism is lifting major memecoins across the board — and Floki (FLOKI) is among those turning heads.

$FLOKI has rallied by 13% over the past week, extending its impressive 90-day gain to 79%. While these numbers are exciting on their own, technical analysts are closely watching a key development on FLOKI’s daily chart — the formation of a harmonic pattern that could point to even more upside.

Source: Coinmarketcap

Harmonic Pattern Hints at Bullish Continuation

On the daily timeframe, FLOKI is currently tracing out a Bearish Bat harmonic pattern — a well-respected setup in technical analysis that typically predicts strong price action during its final stages. The CD leg of the pattern, which is now underway, is historically associated with bullish momentum as price climbs toward the “D” completion point.

FLOKI Daily Chart/Coinsprobe (Source: Tradingview)

This specific Bat pattern begins at point X near $0.0002070, then declines to point A, rallies to B, and drops again to point C around the $0.00005957 region. Since forming that low, FLOKI has reversed course and is now trading near $0.000095— reclaiming critical ground and showing bullish structure.

What’s Next for FLOKI?

According to the harmonic setup, if the CD leg completes as expected, the Potential Reversal Zone (PRZ) lies between $0.0001886 and $0.0002070. These levels correspond with the 0.886 and 1.0 Fibonacci extensions — common targets in such patterns. A move to this zone would imply a further upside of over 115% from current levels.

That said, staying above the 200-day moving average, currently around $0.000094, will be key to keeping this bullish pattern intact. A failure to hold that level may weaken the setup and invite short-term correction.

Still, the structure is clear, and with broader market sentiment strongly in favor of bulls, FLOKI could be gearing up for its next major breakout.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.