- FLOKI trades above $0.000088 with potential for an 18X rally, driven by bullish momentum.
- On-chain data shows 54% of holders in profit and strong accumulation by non-whale investors.
- Trading volume and open interest are rising, signaling increased market confidence and activity.
The cryptocurrency FLOKI has shown strong technical movement in recent weeks, leading analysts to forecast a major rally. According to experts, the memecoin is technically well-positioned for a possible 18X surge, with rising momentum supported by both trading activity and on-chain metrics. At the time of writing, FLOKI was trading at $0.00009247.
Strong Price Action and Technical Indicators Support Growth
FLOKI could rally up to 18X from its current price levels, according to analysis prepared by Crypto Elites. The token has remained in a long-term uptrend since 2023 and has recently bounced off a key support level. Market analysts noted that the token is trading within an ascending channel, a technical pattern that suggests continued upward momentum.
The digital asset recently rose above the price of 0.000088 and retained support, and the price is rising steadily. The daily Relative Strength Index (RSI) is currently at 60.62, which shows the token still has room to grow before entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) line has crossed above the signal line, a sign of growing bullish momentum.
According to an observation by SolbergInvest, the green trendline on FLOKI’s chart shows that the token is maintaining a strong bullish structure. In the case that price stays above the relevant points, the next resistance level will be at around $0.0001. A breach of this may result in another rally which may be in the direction of the $0.00026-$0.00034 mark.
On-Chain Metrics Show Confidence Among Long-Term Holders
FLOKI’s on-chain data also supports this upward trend. According to IntoTheBlock, 54% of FLOKI holders are in profit, while 87% of tokens are held by users not categorized as whales.
This reduces risks of sudden market shifts due to large holders. Exchange data from Coinglass also revealed $250,000 in outflows over the last 48 hours, suggesting accumulation by investors.
In addition, the open interest increased to 6.77 million as compared to less than 3 million previously which means traders have taken a greater degree of leverage in anticipation of more price gains. On a daily note the trading has also increased touching a figure of 264.42 million which indicates continued interest by the investors.
