- $FLOKI has broken out from a falling wedge pattern, signaling strong bullish momentum and a potential 3X return.
- FLOKI bounced from a key support zone, with the Stochastic RSI and MACD indicating continued upward momentum.
- Analysts predict a price target of $0.00015 if FLOKI can break through its current resistance levels.
$FLOKI (Floki Inu) is showing early signs of what could become a massive move as price action breaks from a key technical formation.
$FLOKI Breakout Resembles Previous Parabolic Rallies
JAVONMARKS shared on X that $FLOKI may be gearing up for a near 3X move—or potentially much more. According to the tweet, the chart is flashing a bullish breakout from a falling wedge, a structure known for marking reversals. Price action is behaving almost identically to previous breakout points, with prior wedge exits leading into vertical rallies.
In both previous wedge breakouts, prices consolidated while volume declined. Once volume surged again, FLOKI entered parabolic climbs. JAVONMARKS notes that the same setup is now repeating: price has broken above the wedge and volume inflows are returning. This renewed strength could signal the start of another major leg up.
The charts in the tweet suggest that if this breakout plays out like the previous two, $FLOKI could revisit its former high of $0.000035. With the current price near $0.000011, this projects a potential 3X return. If hype around meme coins escalates as it did in earlier cycles, the move could extend well beyond that level.
FLOKI Bounces Off Long-Term Support with Technical Indicators Supporting Rebound
FLOKI recently bounced sharply from a historically strong support level at $0.00004518. This zone has acted as a price floor since early 2023. The bounce was confirmed by a large green candle, suggesting buyers are stepping in with confidence.
The Stochastic RSI is reading above 90, signaling strong momentum. While that level may warn of short-term cooling, in major breakouts, overbought conditions can last for weeks. The MACD has crossed over below the zero line, with a growing green histogram. This is typically seen as confirmation of a bullish trend reversal and momentum continuation.
The current structure suggests FLOKI may be transitioning from a correction into a new accumulation phase, or even the early stage of a rally. A weekly close above $0.00001000 would likely confirm a shift toward sustained bullish control.
$FLOKI Could Target $0.00015 if Sell Wall Breaks
Another market analyst CW also posted that $FLOKI is now bouncing from the buy wall and preparing to test the sell wall. If that resistance gives way, the price could move toward $0.00015.
With FLOKI trading at $0.00009723 and showing a 10.60% 24-hour gain as of writing, the technical case continues to strengthen. The 7-day performance shows a 14.05% increase, supported by a trading volume of over $362 million. With both volume and price moving in sync, analysts are closely watching whether the Viking ship is about to sail into a new rally phase.
