Recent analysis suggests that Floki (FLOKI) may experience another significant surge, potentially reaching a 100% increase from its recent gains. This follows a strong breakout after exiting a long-term downward trend and surpassing key resistance levels.
Floki’s price surged over 93% following a symmetrical retest pattern and now trades above crucial support levels. Analysts attribute this rise to expanding decentralized finance (DeFi) applications and increasing institutional interest in the cryptocurrency market. If buyer activity remains high, Floki could climb further and potentially reach new highs soon.
Technical analysis indicates a potential for another 2x movement if current resistance levels hold and price momentum continues. This prediction stems from the asset’s past performance and the presence of bullish reversal patterns within its chart.
The price of Floki saw a notable surge in April 2025, moving from approximately $0.00003833 to a peak of $0.00007413. This breakout followed the completion of a falling wedge formation and now marks a shift from the downward trend that plagued the asset for months. The price climbed above key support levels near $0.00006000 and confirmed this bullish movement with a successful retest of the key resistance.
The chart’s structure strongly suggests a complete reversal and potential continuation of an upward move, although further validation is needed to confirm this trajectory.
Technical traders closely watch for retests of broken support levels as indicators of strength before new rallies. The current situation shows signs of robust momentum with Floki stabilizing above the previous resistance zone.
Will Floki repeat its multi-week rally? Continued buyer interest and a positive price action will play a crucial role in determining this outcome. If the 2x surge materializes, Floki could potentially surpass $0.00014000