Floki Price Signals Bullish Reversal Toward $0.00028 Resistance Zone

Floki price behavior has placed the meme coin at a potential inflection point, as short-term technical indicators show signs of fading bearish momentum.

While intraday volatility has remained elevated, price structure appears to be stabilizing near a critical support zone. Key chart signals suggest that buyers may be preparing for a renewed push upward.

At the time of writing, Floki is trading at $0.00010620, reflecting signs of recovery despite broader market consolidation.

Support Zone Holds as Floki Tests 200-Day Moving Average

A macro chart shared by analyst Hasan (@TradebyHasan) outlines a detailed structure for Floki (FLOKI/USDT) on the 3-day timeframe, focusing on support near the $0.00009050–$0.00010779 range.

This zone aligns with both the monthly and daily opens, marking it as a crucial region for sustaining bullish structure. The price recently rejected resistance near $0.00014700, which coincides with the 200-day moving average. This trendline now acts as a pivot for the current pullback, determining whether the price will consolidate or retreat toward lower accumulation levels.

Source: X

Hasan identifies a bullish roadmap contingent on Floki holding above the highlighted support. If the token reclaims the $0.00014700–$0.00015000 region, the next targets stand at $0.00022009 and $0.00028231. These zones correspond with prior congestion levels and Fibonacci projections from previous cycle highs.

The yearly open, positioned at $0.00020799, is also seen as a psychological and technical milestone for confirming a macro reversal. Failure to maintain the current base structure, however, may lead to a retest of the $0.00006522 support level, which marked the Q2 2025 low.

Intraday Weakness Signals Near-Term Hesitation

Floki’s 24-hour trading chart shows the token down by 4.53%, priced at $0.0001056. Price action during this session displayed a stair-step pattern, peaking above $0.000016 before retreating.

Attempts to revisit earlier highs were consistently met with resistance, leading to a sequence of lower highs. This behavior indicates a lack of strong buying conviction and an increase in short-term profit-taking activity among traders.

Source: BraveNewCoin

Despite the retracement, trading volume remained consistent, totaling approximately $160.39 million. Volume spikes observed around 18:00 UTC on August 1 aligned with a temporary price rally, which failed to gain follow-through.

This pattern suggests buyer exhaustion or a lack of sufficient market depth to drive higher levels. Floki’s market capitalization stands at $1.02 billion with a circulating supply of 9.66 trillion tokens, reinforcing the challenge of achieving rapid price acceleration in the absence of increased demand.

Momentum Indicators Show Bearish Pressure Fading

At the time of writing, Floki has gained 2.25% in the past day to trade at approximately $0.00010620. The price has pulled back from its recent local high of $0.00015777, with support now forming at the $0.00010386 level.

Despite recent red candles, this price floor has held, providing a potential platform for accumulation. The token remains well above its multi-month low of $0.00004545 recorded earlier in 2025.

Source: TradingView

Momentum indicators offer insight into the shift in sentiment. The Chaikin Money Flow (CMF) has moved into negative territory at -0.13, reflecting net capital outflows over the recent 20-day period. While accumulation dominated the Q2 rally, the recent decline signals increasing caution.

The Bull and Bear Power (BBP) indicator currently sits at -0.00002125, reinforcing bearish control. A return above zero on this metric, coupled with rising price action, would be needed to confirm a trend reversal. For now, the market remains in a consolidation phase with a neutral-to-bullish technical outlook.