Floki (FLOKI) is exhibiting signs of strength following a period of consolidation above key support zones.
Price action suggests that a breakout may be underway, with analysts identifying a target near $0.00020688. The structure forming on daily and intraday charts aligns with typical breakout behavior, fueling speculation of a 50% price rally if volume confirms upside continuation.
Analyst Chart Signals Base Formation With $0.00020688 Target
According to a chart shared by analyst @prudensfx, Floki is consolidating just above short-term demand levels, with its current price positioned at $0.00013581. The price action is forming a cluster of higher lows, signaling reduced selling pressure and increased accumulation interest.
Immediate support has held at $0.00012921, while deeper historical demand levels are positioned at $0.00012370 and $0.00010891. These levels have previously triggered strong reactions and may serve as fallback zones in the event of a pullback.
Source: X
The bullish case builds on the tightening consolidation just below the recent local high at $0.00014816. The analyst has identified a mid-term upside target of $0.00020688, which corresponds with the projected measured move from the most recent leg up. Reclaiming $0.00014816 with a decisive close could open a path toward this target.
Price structure and relative positioning of daily candles suggest market participants are preparing for a potential continuation.
A breakout above the local high would mark the resumption of a broader uptrend, potentially setting the stage for Floki to reach a new all-time high within the next six months. The range between $0.00018000 and $0.00020688 is likely to become the next key battleground zone for bulls and sellers alike. However, if the price loses $0.00012370, momentum may shift toward a deeper correction.
BraveNewCoin Data Reflects Consolidation Within Active 24-Hour Range
The 24-hour price action for FLOKI shows active volatility and intraday rebalancing, with the token currently trading at $0.0001345, marking a modest 0.99% gain. Price initially rose to a session high of $0.0001401 before retracing, forming a temporary top as intraday traders secured profits. The pullback was met with consistent support above $0.000131, where multiple higher lows formed across the chart.
Source: BraveNewCoin
Trading volume for the day reached $792.85 million, indicating strong market interest throughout the session. Buyers showed resilience during minor retracements, reinforcing the idea of an accumulation phase near the top end of the day’s range. This behavior points toward sustained demand, with support levels at $0.000126–$0.000123 acting as fallback zones in case of bearish pressure.
With a market capitalization of $1.29 billion and a circulating supply of 9.66 trillion tokens, FLOKI is ranked 98th among cryptocurrencies. The current trading range sets the stage for either a breakout above $0.0001401 toward $0.00015–$0.00017, or a test of lower demand levels if short-term momentum fades.
Bollinger Band Metrics Signal Breakout Momentum at the Time of Writing
At the time of writing, the FLOKI/USDT daily chart on TradingView displays a continuation of bullish momentum, with the price trading at $0.00013573, up 0.85%. Price action has extended above the upper Bollinger Band at $0.00013744, indicating elevated volatility and upside pressure. The Bollinger Basis (middle band) sits far lower at $0.00009613, reinforcing the strength of the recent rally.
Source: TradingView
The BBPower (Bollinger Band Power) indicator stands at 0.00005307, suggesting expanding band width and aggressive upward momentum. Green histogram bars have steadily grown since early July, reflecting continued entry by buyers during retracements. This pattern typically signals a sustained uptrend rather than short-term speculative moves.
Resistance now sits at the recent high of $0.00014816, with continuation toward the $0.00017–$0.00020 range likely if the token holds above $0.00013744 on daily closes. Key support remains at $0.00012971, with secondary support at the Bollinger Band. As long as these levels remain intact and BBPower stays positive, FLOKI’s bullish structure is expected to persist.
Source: https://bravenewcoin.com/insights/floki-price-prediction-eyes-0-00021-with-50-rally-in-sight-after-breakout