FLOKI Trading Insights: Volume Spike and Bullish Channel Suggest $0.000200 Rally

FLOKI is maintaining its upward trend as buyer presence in the marketplace has not gone unnoticed. Over the past 24 hours, the token has surged by approximately 10.21%, with the past week showing an increase of 8.94%, which is very encouraging.

Currently, FLOKI is trading close to $0.00004357, reflecting a stable trend in a volatile trading session. The trading volume over the last day has escalated to $66.57 million, with an increment of 130.31%, while its market capitalization is approximately $415.51 million, reflecting a modest increase of 10.11% in the current trading session.

Source: CoinMarketCap

Also Read: FLOKI Price Forecast 2025: Could Hit $0.000346 Soon

Key Support Zone Guides Price Structure

The FLOKI chart clearly depicts a series of descending channels, representing a strong bearish pattern followed by a strong recovery trend. Again, the price action has penetrated to the bottom of the existing channel, which is close to the long-term support level between $0.000039 and $0.000045, from where a strong bullish reaction occurred previously.

This support area serves as a historical demand area and is the most important defending area for the buyers. Once FLOKI manages to stay above the area, the price will attempt a breakout above the descending channel. The first resistance areas are close to the $0.000078-$0.000090 levels, and then $0.000110-$0.000124.

Source: @JohncyCrypto

However, a successful breakout above the channel may inspire a strong bullish rally to the upper resistance zone of $0.000150-$0.000200. But if it fails to retain the support zone, it may again stay within the boundaries of the bearish channel. The reduced volume indicates accumulation. Yet, it slightly prefers a bullish reversal.

Indicators Signal Stabilization But Await Confirmation

RSI rests close to level 42, which is below level 50, suggesting poor momentum. Recently, it started moving from an oversold area around level 30, which indicates that selling momentum has slowed. Such actions may denote the stoppage of decreased movement, but it’s not an indication of positive momentum.

Source: TradingView

The MACD remains slightly below zero, although the signal line and MACD are moving closer to convergence. Red histogram bars are decreasing, which indicates that bear momentum is decreasing. Current market trends suggest consolidation after a prolonged bear market, which may be forming a base. This makes it challenging to predict the trend at this point. A bullish crossover and adequate volume are needed to reinforce the trend.

Also Read: FLOKI 2025 Price Prediction: Potential Rally to $0.000346