- FLOKI trades in an upward channel with analysts projecting a potential 14X price increase.
- Technical charts show a broad base and Fibonacci recovery after forming a bottom at 23.60%.
- Strong liquidity and high trading volumes signal active market interest near current price levels.
Floki Inu is showing strong liquidity and steady market engagement, trading within a defined upward channel. The cryptocurrency is being closely monitored for a potential 14X move from its current price level.
Technical Setup and 14X Projection
The FLOKI USD chart displays movement within Fibonacci retracement levels and parallel trend channels. Price reached the 100% retracement level before declining and later formed a bottom near the 23.60% level. After this bottom, the price began moving upward, breaking several resistance levels.
According to analysis prepared by Crypto Elites, the current structure aligns with a potential climb toward the projected 14X target. The chart shows a broad curved base that has served as a consolidation zone before the current recovery trend.
Marcus Corvinus observed, “FLOKI is coiling inside a tight descending channel after finishing its last big move. This is the calm before the next storm.” He added that a clean breakout above the range could drive the next upward movement.
Market Data and Price Activity
FLOKI’s market capitalization is about $1.05 billion, with a fully diluted valuation close to $1.087 billion. The circulating supply is approximately 9.66 trillion tokens, nearing the maximum of 10 trillion. The 24-hour trading volume exceeds $340 million, reflecting active buying and selling across markets.
Intraday data shows price movements between $0.0001034 and $0.0001182, indicating moderate volatility. Price and volume activity in recent sessions show sharp dips followed by strong recoveries, accompanied by high trading volumes.
These movements reflect sustained market participation and support for the asset at lower price levels. Analysts continue to track FLOKI for a potential breakout that could confirm the projected 14X upward movement from the established market bottom.
