### **🚀 Is FLOKI Ready for a 600% Rally? Here's the Analysis!**
#### **📈 Bullish Technical Signals**
- **Breakout from the 'falling wedge' pattern** (usually followed by a rally).
- **Current price**: $0.00008702 (**+4.2%** in 24 hours).
- **Long-term targets**:
- **$0.00015367** (first resistance).
- **$0.00025791** (potential increase of **600%**).
- **Strong support**: $0.00005812 - $0.00006400.
#### **🐋 Whale & Holder Support**
- **87% of FLOKI supply held by whales** → Accumulation during price drops.
- **58% of holders have held for over 1 year** → Long-term commitment.
- **Whale transactions of $18.78 million** (last 7 days) → Accumulation signal.
#### **🔍 Other Supporting Factors**
- **Strong correlation with Bitcoin (0.93)** → If BTC rises, FLOKI might follow.
- **Overbought indicators (RSI 70.86, MFI 94.09)** → Caution for a short correction.
- **Price prediction for May 29, 2025**: $0.000292 (**+230%** from current price).
### **⚠️ Important Notes**
- **High volatility** due to whale dominance.
- **Market sentiment**: Neutral (Fear & Greed Index 56).
