FLOKI Price Hits Major Support Zone as Analysts Urge Accumulation

Floki Inu trades near its key $0.00006 accumulation zone, where analysts highlight strong historical support.

Both view this range as a strategic long-term entry level, with prior rebounds from this area triggering multi-hundred-percent rallies, suggesting potential upside once market momentum stabilizes.

Altcoin Revisits Historical Accumulation Range

The asset has reached a critical support level, drawing renewed interest from analysts and traders. According to analyst Chimp of the North, the grey zone on the weekly chart represents a prime accumulation range. He noted that buying within this area and holding long-term could provide one of the strongest asymmetric opportunities in the ongoing market cycle.

FLOKIUSDT Chart | Source:x

The analyst pointed out that the token has returned to its historical accumulation base — a region that previously marked cycle bottoms. The token’s price, currently near $0.00006, aligns with the same support range that triggered major rallies in 2023 and early 2024.

These past rebounds, some exceeding 400%, suggest the area’s importance as a long-term structural base. Chimp of the North’s message, “Buy in grey and never look back,” reflected confidence in the support zone as a key area for strategic accumulation among long-term holders.

Analyst Sees Consolidation as Market Retests Demand Zone

Another analyst, Crypto Anbu, observed that the asset is consolidating near a strong multi-month support level that has consistently acted as both a floor and a ceiling for price action since early 2024. The analyst referred to the recent market correction as the result of what he termed the “ugly Trump tariff candle,” noting that despite the volatility, the chart’s structure remains clean and well-defined.

FLOKIUSDT Chart | Source:x

Crypto Anbu identified the price area around $0.000072 as a strong demand zone, one that previously led to bullish reversals in both May and July. This level continues to attract buyer interest as traders look to re-enter after the latest pullback.

From a technical standpoint, its current setup represents a straightforward support-resistance play, where buyers appear to be defending a historically reactive base. If the level holds, price movement toward the $0.000080–$0.000090 zone could follow, mirroring earlier accumulation patterns observed in past months.

Technical Outlook Suggests Structural Stability

The weekly chart shows that the market structure remains intact despite the recent drawdown. Price action continues to respect the same horizontal support zone that defined prior recovery phases. Repeated rebounds from this area have historically led to upward momentum once selling pressure eased. This ongoing defense indicates that buyers remain active, keeping the broader technical outlook stable for now.

While the market has been volatile, the longer-term pattern suggests compression within a base zone rather than a breakdown. The lower boundary of the accumulation range remains a key reference point for traders assessing potential reversal conditions. Sustained consolidation above this level could establish a new higher low structure, increasing the probability of trend continuation in future sessions.

Performance Reflects Short-Term Pressure

Over the past 24 hours, the price declined 9.16%, trading around $0.00006433. The token’s early-session strength faded after reaching intraday highs of $0.00006501, followed by profit-taking that triggered a sharper selloff through mid-day trading. The pullback pushed prices back toward the key short-term support near $0.000060, a level where buyers may look to stabilize momentum.

FLOKIUSD 24-Hr Chart | Source: BraveNewCoin

Trading volume stood at $122.87 million, reflecting active participation despite the correction. However, the lack of sustained recovery alongside high volume indicates persistent selling pressure. The market capitalization decreased to $620.46 million, showing that short-term sentiment remains cautious.

Minor recovery attempts throughout October 17 failed to close above $0.000065, leaving the near-term bias tilted toward consolidation. Holding the $0.000060 support zone could provide a foundation for a potential rebound if buyers regain strength.