Technical patterns show that retracements are being absorbed efficiently, giving bulls a stronger foothold. With momentum gradually building, traders are watching closely for signals of a breakout. If resistance at $0.0001577 falls, the token could be poised for its next major rally.
In a recent X post, chart observations highlighted how FLOKI is respecting the trendline support with precision. Last week’s Fair Value Gap (FVG) fill was confirmed by a doji candle, while the Order Block (OB) zone has also held firm, providing additional confluence for bulls. This setup reflects disciplined price behavior, where buyers have consistently defended lower levels and forced reversals.
Source: X
The next resistance sits at $0.0001577, a level seen as critical for unlocking upward momentum. A clear breakout above this zone could pave the way for a strong rally, with historical structures suggesting the possibility of sustained gains if momentum builds.
Market participants note that repeated rebounds from support zones indicate accumulation patterns. These formations often act as precursors to explosive moves once overhead resistance levels are tested and broken, suggesting that the asset could be approaching a decisive turning point in its trend.
Additionally, BraveNewCoin data shows the coin trading at $0.0001019, down 2.72% in the past 24 hours. Its market capitalization stands at $982 million, supported by a daily trading volume of $79.7 million. Despite the dip, the token remains structurally sound above its base levels, signaling that liquidity remains robust in the market.
Source: BraveNewCoin
FLOKI’s consistent volume performance highlights continued buyer participation, an important factor during volatile trading cycles. The resilience above the $0.00010 zone suggests a consolidation phase, often seen before impulsive upside moves, provided volume expands in favor of demand.
At press time, the coin was trading at $0.0000948 after a 6.52% intraday decline. The TradingView chart shows FLOKI moving within a wide range, with the Chaikin Money Flow (CMF) at 0.03, reflecting positive capital inflows despite the price correction. This indicates that underlying buying pressure remains intact.
Source: TradingView
The MACD indicator is showing early bullish momentum as the MACD line has edged slightly above the signal line, with the histogram reading 0.00000132. Although tentative, this crossover suggests that a recovery phase could develop if demand continues to outweigh selling pressure. Combined with the supportive CMF and historical trendline defense, the crypto’s technicals favor gradual accumulation before a potential breakout.
The asset is consolidating near support zones with strong confluence from multiple indicators. Positive volume flow, stable liquidity, and a potential breakout above $0.0001577 suggest that the coin could be preparing for a bullish phase in the coming sessions.
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