Floki Inu ($FLOKI) has broken above a key technical resistance level, signaling strong bullish momentum and potential for a significant price rally. The breakout comes after the coin bounced from long-term support near $0.00004518, according to TradingView charts. Analysts believe this rebound could lead to a 3X or even higher move, if the current bullish momentum persists. |
The technical chart shows a clear breakout from a falling wedge pattern, often associated with major price reversals. This breakout is similar to previous occasions where $FLOKI experienced parabolic rallies after breaking out of similar patterns. |
The surge in price has been supported by strong indicators like the Stochastic RSI and MACD, which are signaling increasing buying pressure and a potential shift towards bullish momentum. Analysts believe this could be an early signal that Floki Inu is transitioning from a correction into an accumulation phase, or even the beginning of a significant rally. |
The price is currently near $0.000011 and analysts predict a price target of $0.00015 if sell walls are broken.
A key market analysis has also noted that Floki Inu ($FLOKI) is bouncing from the buy wall and preparing to test the sell wall. If this resistance gives way, $FLOKI could surge towards $0.00015.