- FLOKI is trading above its 50- and 200-day MAs, signaling a strong bullish technical setup.
- Whale accumulation and rising futures open interest point to growing market confidence.
- Analysts project a fifth Elliott Wave forming, with potential targets up to $0.000354 by mid-2025.
FLOKI has gained strong momentum in recent weeks as bullish signals continue to surface across the charts. The asset recently broke above critical technical zones and is currently trading above its 50-day and 200-day moving averages. With whale accumulation and rising volume, traders are closely watching for a potential 18x rally.
Bullish Market Structure and Key Levels
According to an observation by market analyst iammycatmia via X, FLOKI has flipped its high time frame trend to bullish. The analyst noted that the asset is consolidating above the key support levels of $0.0000970 and $0.0000900. As long as prices remain above these levels, a potential fifth Elliott Wave may form.
The RSI currently sits around 66.50, which indicates upward strength but shows room for a cooling phase before further gains. If the RSI corrects closer to 50 while holding price above support, another rally may follow. As per the analysis from Bluntz_Capital, the next impulse wave could push the price toward $0.0002, with a possible long-term target of $0.000354.
The chart also suggests a possible golden cross pattern forming, where the 50-day average moves above the 200-day line. This is commonly viewed by traders as a strong confirmation of an upward trend.
Whale Activity, Futures Data, and Price Forecast
Based on data from Coinglass, FLOKI’s futures open interest has increased to its highest level since December 2024. This trend often aligns with bullish sentiment, as more traders open long positions. Increased market activity has also driven trading volume higher, pointing to rising investor confidence.
According to analysis prepared by Crypto Jobs on X, whale wallets have been actively accumulating FLOKI over recent weeks. This is considered a key indicator of smart money entering the market.
Technical indicators, such as the break above $0.00009504 and price consolidation near $0.00010874, suggest strength. FLOKI is currently trading at $0.00011. If the momentum continues, analysts are watching targets like $0.00025 and $0.000354 into mid-2025.
