Floki Crypto News: Bulls Eye Breakout Toward $0.00012

Floki price is stirring fresh excitement as a breakout from a key wedge pattern puts the token back in the spotlight.

Whales and retail buyers are quietly stacking near support, hinting at growing confidence in the move. Resistance is still proving stubborn, but rising volume and volatility suggest pressure is building. If buyers keep control, the asset could be setting up for its next big leg higher in the weeks ahead.

Wedge Breakout Sets the Tone

On the 6H chart shared by ZAYK Charts, FLOKI has broken out of a falling wedge pattern that had kept price pinned since late July. The breakout took place near $0.000095–$0.000097, a zone where sellers previously capped upside moves. Now that this ceiling has been breached, the setup points to a bullish continuation.

Source: X

The analyst projects the next potential target around $0.000120–$0.000125, which represents nearly a 24% upside from the breakout area. Support is established along the lower wedge line near $0.000085–$0.000088, making it the key zone for bulls to defend in case of pullbacks. Holding above this range keeps the bullish thesis intact.

For traders, the breakout suggests buyers are gradually taking control. If the token sustains higher lows, the setup could mark the beginning of a larger reversal phase.

Key Support Zones Attract Buyers

According to BraveNewCoin, FLOKI is trading at $0.00009677, up 5.40% in the past 24 hours, with daily trading volume topping $101 million. Market cap has climbed to $934 million, ranking the asset at 125 among cryptocurrencies.

Source: BraveNewCoin

The short-term chart shows repeated attempts to push above $0.000098–$0.000100, confirming this zone as immediate resistance. A decisive break above $0.000100 could open room for a rally toward $0.000105–$0.000110, where past resistance and volume peaks align.

With 9.66 trillion tokens in circulation, even modest price shifts move the market cap significantly. Renewed activity suggests accumulation is taking place, but sustained momentum will be needed to overcome resistance and drive the asset toward the $0.00012 breakout target.

Support and Resistance Zones in Focus

On TradingView, FLOKI trades at $0.00009926, consolidating just above the basis line at $0.00009583 and nearing the upper Bollinger Band at $0.00010747. This positioning signals increasing volatility and the potential for an upside push.

Source: TradingView

Resistance remains firm at $0.000107–$0.000110, a zone that previously rejected bullish attempts. Clearing this level could trigger momentum toward $0.000120–$0.000125, reinforcing the wedge breakout thesis. On the downside, the lower Bollinger Band at $0.00008419 is critical support, aligning with wedge support zones.

The Chaikin Money Flow (CMF) currently sits neutral at 0.00, showing balanced flows. A move above 0.05 would indicate stronger accumulation and likely validate a push beyond $0.000107. For now, the token price action suggests coiling energy, with traders waiting for a breakout to confirm the next big move.