FLOKI Prepares for Major Surge Through Cup & Handle Pattern

FLOKI's cup-and-handle formation suggests a potential breakout, targeting an upside of $0.0002. Market analysts have pointed out strong accumulation, narrowing Bollinger Bands, and a decrease in exchange outflows as factors supporting a bullish breakout. Despite a slight daily dip and a weekly loss of 5%, FLOKI's pattern indicates a continued uptrend. The asset is currently trading above a key support level, suggesting that buying activity is still strong. If a breakout is confirmed, FLOKI's price could reach $0.0002.

On the other hand, if support fails, the price could fall to the lower handle boundary near $0.000095. FLOKI's recent listing on Robinhood expands its reach to an additional 25 million users, while on-chain data suggests less immediate selling pressure as more tokens are being withdrawn from exchanges.