- FLOKI gains 6.9% as most top altcoins drop 4–6% in the red market.
- Analysts forecast a FLOKI breakout rally to $0.00018 after a wedge breakout.
- FLOKI may rally 5x from support, targeting its previous ATH of $0.00028.
While most crypto markets bled red today, FLOKI stood out as a rare green beacon, surging 6.9% as nearly every major altcoin dipped. According to the latest data from Crypto Bubbles, FLOKI was one of the only assets in the green zone, reinforcing growing momentum behind the meme coin just days after a confirmed breakout from its descending broadening wedge.
This divergence from the broader market has caught the attention of traders and analysts, with many pointing to FLOKI’s resilience as a signal of underlying strength. Even as large-cap tokens like XRP, LINK, and DOGE posted losses between 4% and 6%, the cryptocurrency not only held steady but gained, suggesting a wave of accumulation is underway.
With sentiment in the meme sector heating up again and the token showing independence from market-wide dips, traders are watching closely for what could be the next explosive leg.
FLOKI Bull Flag Confirmed, $0.00018 in Sight
As per analysis by ZAYK Charts, FLOKI has officially broken its long-standing descending broadening wedge pattern, finally breaking months of price compression. This breakout, which is already confirmed on the daily chart, follows several failed attempts to break out of the wedge from late November 2024.
During this time, the token oscillated within this pattern following a brief rally from a local low near $0.00011. Until this latest move, each breakout attempt, upward or downward, was rejected.
“$FLOKI Descending Broadening Wedge Breakout is Done as Expected. Expecting Bullish Wave”
In a post on X, ZAYK Charts pointed out the breakout, explaining that the move is in line with expectations and is the beginning of what could be a bullish wave. Per the analyst, the breakout target is estimated at around $0.00018, a 105% increase from current levels.
Analyst Calls 5X FLOKI Rally After Support Bounce
Another crypto analyst, Solberg Invest, says that FLOKI has just bounced off a key macro support level, which points to a bullish move in the long-term structure. In an update on X, Solberg points out that the token outlines a bullish path, with price action seemingly depicting a recurring pattern from past rallies.
As seen in the macro chart, FLOKI is just bouncing off a clean ascending support trendline that has held since 2022 and moving toward the upper resistance area around its previous all-time high. As a result, Solberg’s forecast indicates a 5x jump from the bottom, to bring FLOKI’s price back to $0.00028, the range it previously traded in.
“$FLOKI Macro Update: Just bottomed at my key support zone—looking bullish! Targeting the old ATH which could mean a 5X rally from the bottom”
The current price of $0.00008761 supports this thesis, as it is still undervalued in the defined trend and has the potential for significant appreciation. Two previous breakouts from similar levels were also seen on the chart, which were followed by relatively sharp but appropriate upward movements. This recurring setup adds weight to the possibility of another breakout forming soon.
