In the past two days, Floki (FLOKI) has made waves, attracting attention from traders and investors due to its strong performance.
Data from CoinMarketCap shows that FLOKI has risen more than 45% in the past 48 hours, including an increase of about 35% in the last 24 hours, making it one of the best-performing memecoins in the market.
FLOKI breaks through a significant barrier after months of stagnation
Notably, FLOKI has finally surpassed the long-term resistance level, which had caused three separate price drops since the beginning of 2025.
This time, the upward momentum appears to be more sustainable, driven by a decisive breakout, growing interest in the blockchain game Valhalla, and strong momentum on Ethereum and ETH-based memecoins.
Optimistic on-chain indicators and current price momentum
With recent developments, the sentiment of traders and investors has turned optimistic. They seem to be betting strongly on the upward trend, with significant capital flowing into memecoin.
According to blockchain analytics firm CoinGlass, FLOKI's Open Interest (OI) has soared by 117% to $85.56 million, marking the highest level in the past 12 months.
Key liquidation levels are $0.000121 on the downside and $0.0001414 on the upside.
At these levels, traders are using excessive leverage, with Long positions valued at $1.55 million and Short positions valued at $781,000. This data indicates that traders are leaning towards a bullish trend.
According to IntoTheBlock, whale transactions ranging from $100,000 to $1 million have surged by 2,633.33%. This significant increase raises an important question: Is now the right time to buy – or has the opportunity passed?
Currently, FLOKI remains stable around $0.0001330, up about 35% in the past 24 hours.
During this period, both investor and trader participation surged, leading to a trading volume increase of 450%, reaching $823.65 million.
FLOKI's price movements and key levels to watch
Technical analysis shows that FLOKI is in an upward trend and has recently broken through a strong resistance level of $0.000115.
After the breakout, this memecoin seems to be consolidating horizontally.
FLOKI could increase another 20%, targeting $0.000162 and even $0.000205 if the upward trend continues.
However, with the RSI currently around 77, this asset is in the overbought zone. This suggests the possibility of a price correction in the short term before the next rally.
