- FLOKI completes a five-wave rally, pulling back to 0.618 Fib zone with strong support near $0.000076.
- Resistance stands at $0.000095, with upside targets at $0.000122 and $0.00030 if momentum continues.
- On-chain data shows rising wallet activity and volume surge after Polynomial Trade listing with 20x leverage.
FLOKI has reached a technical milestone after forming a complete five-wave advance on the daily chart. The token has now pulled back into the key Fibonacci 0.618 retracement zone, a level that aligns with prior support and previous trend strength. As of now, FLOKI is trading at $0.00008677, up 6.32% over the past 24 hours, with growing volume and stable market structure.
Technical Setup Aligns for Upside Continuation
According to analysis prepared by Bluntz Capital via X, FLOKI displays a clean five-wave pattern followed by a structured three-wave pullback into a strong retracement level. This correction has landed precisely at the 0.618 Fibonacci zone, validating the wave count and preserving structural integrity.
The price action has shown a bounce from intraday lows of $0.000076 earlier on June 6, which now forms a local bottom. A divergence is forming on the 12-hour timeframe, noted by several analysts as a sign of potential reversal.
TimelessBeing added, “Nice move off the lows yesterday,” pointing to improving momentum. FLOKI currently faces resistance at $0.000095, which aligns with the 10-day simple moving average and precedes targets of $0.000122 and $0.00030.
On-Chain Metrics and Listing Catalysts Support Trend
The listing of FLOKI on Polynomial Trade on June 5, 2025, introduced 20x leverage and real-time pricing via Pyth Network. FLOKI saw a 20% rise in new wallet addresses within 12 hours of the announcement.
Volume also surged across FLOKI/BTC and FLOKI/ETH pairs on KuCoin, with 28% and 15% gains respectively during that period. FLOKI is currently being tracked for continued accumulation, with whale activity stable and leverage levels moderate.
RSI stands at 62 on the 4-hour chart, showing momentum but not yet overbought. Provided price holds current support and volume builds, analysts are watching for a break toward fresh highs.
