Floki Crypto is showing signs of stabilization after a rapid price surge earlier this week. Following a strong bullish impulse, the token has entered a consolidation phase that may define its next major move.
With open interest holding steady and market activity remaining strong, the asset’s short-term trend could hinge on a decisive breakout in the coming sessions.
Price Action Signals Cooling Momentum
The 1-hour chart displays a distinct surge followed by a retracement and stabilization. Around October 20, FLOKI’s price jumped sharply from roughly $0.000065 to a peak near $0.000090, reflecting aggressive short-term buying pressure likely triggered by speculative interest or news momentum.
Source: Open Interest
However, after reaching its peak, the token faced a period of profit-taking as prices trended downward, forming lower highs and lower lows before settling around $0.000073. This price stabilization indicates a market equilibrium where both buyers and sellers are reassessing direction. The formation of this range suggests a pause in volatility as the coin prepares for its next potential leg.
Market Data Reflects Sustained Engagement
According to BraveNewCoin data, FLOKI’s current price stands at $0.00007337, up 0.09% over the past 24 hours. Its market capitalization remains around $708.6 million, supported by a 24-hour trading volume of $63.78 million.
Source: BraveNewCoin
With a circulating supply of approximately 9.65 trillion tokens, the memecoin continues to maintain a steady position at rank 135 in the global crypto market. These figures highlight consistent trading activity and resilient market interest, even as price action consolidates after a sharp rally. The modest intraday gain underscores a neutral stance among market participants, balancing between cautious optimism and short-term uncertainty
Technical Indicators Highlight Bearish Pressure
At the time of writing, FLOKI trades around 0.0000732 USDT on TradingView, showing a broader pattern of volatility. Over recent months, the token has reached highs near 0.0001577 and lows around 0.00001544, reflecting significant price swings. The chart reveals a sharp decline in early October followed by weak recovery attempts and ongoing consolidation, with the current price hovering near the lower end of its range.
Source: TradingView
The Bollinger Bands Power (BBPower) indicator is slightly negative at -0.00000063, signaling weak bearish momentum. This suggests that selling pressure still outweighs buying activity. Additionally, the Chaikin Money Flow (CMF) stands at -0.05, indicating slight capital outflow and a cautious market mood. Negative CMF readings often imply that sellers remain in control, even as the price stabilizes.
Overall, the asset’s daily chart indicates lingering bearish pressure with limited buying interest. While the token is showing signs of stabilization, a meaningful recovery will depend on a shift in momentum—specifically, a positive uptick in BBPower and CMF readings. Until such confirmation emerges, the market may continue to experience sideways or slightly bearish behavior as buyers wait for stronger signals of a bullish reversal.