FLOKI Surge, What Are the Driving Forces Behind It?
Breakthrough of Key Resistance Line
Recently, FLOKI has completely broken through the resistance level of $0.00011 and the descending trend line formed since 2024, creating a technical breakthrough and initiating a new upward trend.
Significant Inflow of Major Funds
The futures open interest has surged to a yearly high, indicating substantial capital participation;
Large wallets are significantly accumulating: data shows that whale addresses continue to buy, enhancing confidence.
Support from Ecosystem and Project Benefits
Following the active performance of BONK and other meme coins, FLOKI quickly became the first asset to rise over 30%;
Community Social Activity is Booming, remember last week when FOMO sentiment surged, Santiment's social metrics reached a peak.
Technical Formations Confirm Upward Trend
Daily RSI and MACD momentum indicators are bullish, and no clear overbought pullback signals have emerged;
The symmetrical triangle and descending wedge on the chart have also successfully broken out, further increasing the confidence in the upward trend.
Beginner's Perspective: Why Is FLOKI's Surge Worth Watching?
Breakdown - Rebound - Breakout: This is a classic breakout structure, indicating that the upward trend is confirmed;
Large Funds Entering: Futures and whales are buying, not just retail traders;
Community is Hot: Social networks are buzzing, and user activity is high, easily triggering FOMO relay;
Technical Analysis Is Bullish: Indicators and formations point to further upward space.
What’s Next? Where Are the Good Entry Points?
If it can maintain above $0.00011 and stabilize the support, the next target looks towards $0.00013-$0.00014;
After a 30% rise, RSI is already high, and short-term pullbacks may occur;
If it can stabilize above the $0.00011 support area after a pullback, it still has the potential for further TA gains.
In Summary:
This round of FLOKI's surge is a synergy of technical breakthroughs + major fund involvement + community enthusiasm, typical of meme coin trends.
If you're interested, you can try a small position after confirming the pullback, but be sure to set a stop-loss and manage your position carefully.
$FLOKI
