FLOKI Breaks Out of Falling Wedge: Strong Signals Suggesting Local Bottom

The FLOKI cryptocurrency has defied the trend by breaking free from a two-month-long descending wedge, signaling a potential local bottom for the token. This breakout coincides with a bounce off a long-standing trendline and alignment with the 200-day moving average, further reinforcing bullish signals. Whale accumulation of over 27.24 billion tokens adds to this strength, as exchange balances decrease, reducing selling pressure on supply.