FLOKI Nears Upper TrendLine as Bullish Momentum Signals $0.00023 Rally

3 mins mins

Key Insights:

FLOKI tests key trendline as volume rises, signaling growing interest among traders watching for a breakout.
Analysts compare FLOKI’s chart to 2024 rally, fueling expectations of a possible $0.00023 target.
Market eyes bullish move, but traders remain cautious until FLOKI breaks and holds above descending channel resistance.

820e104b 86bf 4f4f 9aae 4b514e133243 — *FLOKI Nears Upper TrendLine as Bullish Momentum Signals $0.00023 Rally*

FLOKI is approaching the upper boundary of a descending channel on the 3-day chart. Analysts say this level could lead to a breakout if strong buying continues. FLOKI is currently priced at $0.000051, showing a 1.77% increase in the last 24 hours. The 24-hour trading volume stands at $40.9 million, according to market data. The increase in volume and trader interest around the asset may continue if resistance levels are broken.

Price Approaches Resistance with Momentum Increasing

The price of FLOKI is nearing a technical level that many traders consider important. Butterfly noted that the token is trading near the upper trendline of its descending channel on the 3D timeframe, which some see as a key technical level. Technical traders are watching this area as a potential breakout point.

If the price closes above this level, it could attract further interest from buyers. A sustained move above the trendline may lead to a larger price rally. If the price breaks above resistance, FLOKI could absolutely rocket toward new highs.

If the asset breaks above the descending trendline, some technical traders have suggested a possible rally toward the $0.00023 level. This target is based on the token’s previous price behavior and projected move ranges. The market remains sensitive to global trends and wider crypto movement, which can affect short-term direction.

FLOKI Mirrors 2024 Rally Eyeing $0.00023 Breakout

However, some analysts are comparing the current setup to the rally seen in 2024. Back then, a similar chart pattern led to a large rise in altcoins. This has raised expectations among certain traders for a possible repeat in the 2025–2026 cycle.

The recent upward pressure suggests growing confidence among buyers. Still, traders remain cautious. According to el_crypto_prof, “If the price breaks above resistance, FLOKI could absolutely rocket,” but also pointed out that it must hold above the channel first. A failure to do so could mean a continuation of the downtrend.

*FLOKI Current Setup to Past Altcoin Cycles | Source: X*

Some investors are still cautious. “The chart shows bullish signs, but we need to see a clear break before expecting a big move,” one user shared. This reflects a wait-and-see approach among parts of the community.

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