- FLOKI forms a rounded bottom above trendline; $0.00011200 breakout could trigger bullish move.
- Technicals show growing momentum with support from 200-day MA and positive BBP reading.
- Valhalla launch and U.S. campaign boost sentiment; volume at 15% of market cap signals strength.
Floki (FLOKI) is currently trading at $0.00009267 and appears to be forming a rounded bottom above a key ascending trendline. This pattern often indicates the early stages of a bullish reversal, especially when accompanied by compressing buy pressure. With multiple catalysts ahead, traders are watching closely for a breakout.
Bullish Technical Structure Nears Key Breakout Point
According to analysis prepared by Crypto Tony on X, FLOKI’s structure on the daily chart shows a rounded bottom forming above its ascending trendline. This setup reflects continued support from buyers and a strong technical base. The current price action is compressing near resistance, which often signals an imminent move.
The $0.00011200 level is viewed as a breakout trigger. A confirmed move above this price could open the door to the next targets. Short-term resistance remains at $0.0001142, while mid-range targets include $0.00015303 and $0.00017484. Volume metrics have also shown improvement during consolidation, which may support breakout strength if sustained.
On the weekly chart, FLOKI is trading near the upper Bollinger Band with a positive Bollinger Band Power (BBP) reading of 0.00002263. This is a technical indicator that suggests building momentum. The 200-day moving average and the 0.618 Fibonacci retracement level also intersect with the current support zone, offering additional strength to the bullish case.
Market Developments and Community Momentum
According to an observation by Unipcs on X, June could be a critical month for FLOKI. The token is expected to launch its Valhalla game, which has been described as the most important release in its four-year history. Additionally, a new U.S. marketing campaign is expected to reach more than 219 million people, coinciding with rising crypto attention.
Trading volume remains strong, with over $150 million recorded daily. This is roughly 15% of its $1 billion market cap, indicating healthy liquidity. The rounded bottom pattern combined with bullish sentiment and event-driven catalysts has positioned FLOKI for potential gains. Traders are closely monitoring the $0.00011200 breakout zone.
