- FLOKI has recovered between $0.000065–$0.000070, which is good news that indicates improving confidence among buyers and also points to
- The following important resistance point in FLOKI is $0.000110 with experts expecting a retest of the macro highs around $0.00022.
- FLOKI’s role as a flagship memecoin with actual utility and an upcoming ETP launch strengthens its market standing above and beyond normal memecoin patterns.
FLOKI has bounced off a crucial horizontal support range, regaining short-term bullish momentum and drawing market attention once again.
FLOKI Shows Strong Rebound from Historical Support
FLOKI has bounced from a solid demand level in the $0.000065 to $0.000070 region. This region was also the starting point of a significant Q1 2024 breakout earlier on, making it that much more significant. The bounce was accentuated with the formation of a bullish engulfing candle following weeks of consecutive red candles during a prolonged downtrend.
As noted by CryptoTony, this reclaim of support suggests renewed strength. Buyers have pushed price above a minor resistance near $0.000085, a move signaling increased confidence in the asset’s short-term direction. Momentum now appears to favor the bulls, provided this support holds.
Key Resistance Level at $0.000110 in Focus
FLOKI’s next target is the $0.000110 mark—a horizontal resistance previously tested in late 2023 and early 2024. If this level breaks cleanly, analysts expect price action to retest the macro high between $0.00022 and $0.00025, last seen in early 2024.
Market structure remains intact following a breakout from an ascending wedge. The retracement to the breakout zone and the subsequent bounce suggest a typical continuation pattern. As CryptoTony indicated, this setup often signals further upward movement as long as support levels are respected.
A surge in volume would further validate the bullish trend and increase the probability of a breakout above the $0.000110 resistance.
FLOKI Gains Recognition as a Leading Meme Coin
In a separate update, ProTheDoge highlighted FLOKI’s growing reputation in the memecoin space. The token is set to become the only meme asset besides DOGE to have its own exchange-traded product (ETP). It also stands among just three multi-cycle meme tokens, alongside DOGE and SHIB.
FLOKI remains the only meme coin to surpass its 2021 all-time high, reaching new levels on June 5, 2024. It also holds the top spot as the largest meme coin on the BNB Chain and offers real-world utility—rare among its peers.
With a current price of $0.00009045 and a 24-hour trading volume of over $196 million, FLOKI has seen a 9.25% rise in the past day and a 27.95% increase over the last week.
