$FLOKI

🚨FLOKI COIN Long-Term Chart Analysis🚨

At present, FLOKI Price is undergoing price action within a large symmetrical triangle that has been taking shape since its explosive run-up in early 2024.

This triangle represents long-term price compression between a slow-rising horizontal support trendline and a descending resistance trendline. The price was recently rejected around the upper boundary near $0.00014079 and is now in the process of retracing towards the middle of the triangle.

The continued price compression indicates a coiling of volatility, which is usually then followed by a major breakout event.

To the upside, a breakout to the upside through the descending resistance trendline (~$0.000145–$0.000150) would then send FLOKI higher towards previous highs around ~$0.00025–$0.00030.

Conversely, moving down below the ascending support trendline (currently near $0.000071–$0.000080) would flip the structure into a bear market and invalidate the triangle.

Given its strong community, token utility (e.g., Valhalla, FlokiFi) and its historical price performance after consolidation, FLOKI remains a high conviction watch headed into Q3–Q4. Patience is key as the price continues to tighten within the apex.

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