- FLOKI targets $0.00035 as a breakout pattern mirrors past rallies.
- Open interest stabilizes at $20.98M, signaling sustained trader confidence.
- Analysts eye a $0.00025–$0.00035 range based on historical support and RSI strength.
According to market analyst Master Kenobi, FLOKI’s price action mirrors historical breakouts that led to major rallies in previous years. In a recent chart, the analyst points out that the memecoin has again managed to rise above a multi-month descending trendline—a trendline that has indicated explosive price action in both 2023 and 2024.
FLOKI History Repeats — A New ATH on the Horizon?
In 2023, FLOKI surged after breaking a similar trendline, reaching a local high of approximately $0.000061 before retracing. A more significant breakout followed in early 2024, pushing the token to an all-time high of $0.0003462 after overcoming another long-term resistance.
Both of these surges occurred after FLOKI bounced off a consistent ascending support line that has been in place since late 2022. Now, in 2025, the token has once again rallied above a similar trendline.
Scanning the repetitive technical setup, Kenobi expects a potential price target of $0.00035, 300% above the current level of approximately $0.000084. In support of this projection, the Relative Strength Index (RSI) also creates a bullish pattern seen during previous rallies.
It is currently close to 62, an area of previous breakout zones. As long as FLOKI maintains above the ascending trendline, the outlook remains bullish, with historical patterns favoring a continued upward trajectory.
FLOKI Reclaims Support: Magnet Level at $0.00025 in Sight
Crypto market analyst Friedrich has added to the bullish sentiment surrounding FLOKI, pointing out a significant technical development. In a recent chart, he pointed out that FLOKI has broken back above a daily timeframe key support resistance level (S/R), which is often seen as a bullish reversal signal.
He also mentioned that the memecoin is ‘making waves silently’ and might be looking to stage one solid but stealth rally. Friedrich’s chart shows FLOKI breaking out of a prolonged accumulation zone between approximately $0.00004000 and $0.00007700.
The token appears to have a higher low structure, typical in bullish market transitions. From this chart’s future path, Friedrich anticipates a possible ‘magnet’ level of $0.00025126, i.e., a target close to a 225% rise from the current price of $0.00007709.
FLOKI Futures Show Signs of Steady Rebuild
FLOKI’s futures market has moved significantly after an alarming increase in speculative activity. At $34.42 million, the token’s open interest peaked on April 26, 2025, recording one of the highest peaks this year. After the rise, the figure subsequently cooled, and on May 8, it stabilized at $20.98 million. Even though this displays a fall, the current situation is pegged high, indicating low trading activity. Further, the fall from late-April highs could be construed as a healthy unwind of leverage and a readjustment.
On the contrary, the stabilization around $20.98 million shows that prices are stabilizing, implying that the players are repositioning rather than wholesale exiting. This shift could reflect a transition from short-term speculation to more conviction-based positioning. Historically, periods of steady open interest following aggressive spikes have often preceded renewed momentum, particularly when aligned with bullish technical patterns.
