FLOKI Leads Meme Coin Rally With 13% Surge—More Upside?

• FLOKI gains 13%, leading the meme coin sector while DOGE and SHIB struggle.
• Bullish indicators support further gains if FLOKI holds key support.
• Profit-taking at resistance could trigger a pullback before another breakout.

FLOKI, the meme coin inspired by Dogecoin, posted a 13% price jump in the past 24 hours, making it the top performer among major meme coins. This rally outpaced Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), all of which had shown mixed movement in the same period.

FLOKI Breaks Out With Strong Momentum

Market data shows FLOKI climbed from $0.0001266 to $0.000145 before settling near $0.0001326, confirming a breakout from a prolonged downtrend. The surge came with higher trading volume, signaling strong bullish interest.

Technical indicators point to continued upside. The Bollinger Bands are widening, suggesting higher volatility, while the MACD histogram remains positive, reinforcing buying pressure. The MACD line crossed above the signal line, signaling steady demand.

The RSI at 55.85 indicates room for further gains, staying below overbought levels. Meanwhile, the 20 EMA moved above the 50 EMA, confirming a short-term uptrend, though FLOKI still trades below the 200 EMA, a key long-term resistance level.

FLOKI’s latest rally traces back to whale accumulation, new exchange listings, and strategic partnerships in blockchain gaming and sports sponsorships. These developments have strengthened its position in the meme coin market.

Related: FLOKI Price Prediction: Can Bulls Defend Key Support After a 10% Drop?

DOGE, SHIB, and PEPE Struggle to Keep Up

While FLOKI rallied, other meme coins failed to match its momentum:

• Dogecoin (DOGE) stayed range-bound between $0.327 and $0.333, with the 200 EMA at $0.350 acting as resistance. The RSI at 47.89 signaled neutral sentiment, while the MACD remained flat, showing weak demand. 
• Shiba Inu (SHIB) bounced from $0.00001885 to $0.00001922, but struggled against the 50 EMA at $0.00001999. The RSI at 49.20 reflected indecision, while the MACD weakened, suggesting slowing buying pressure. 
• Pepe (PEPE) rose from $0.00001154 to $0.00001441, but faced resistance at $0.00001510. The RSI at 50.59 pointed upward, yet the 200 EMA at $0.00001640 remained a hurdle.

Will FLOKI Hold Its Gains or Face a Pullback?

For FLOKI to maintain its bullish momentum, it must stay above $0.0001326. The next key resistance level stands at $0.0001407, a previous rejection point. A break above this level could push FLOKI toward $0.0001485, a historically significant price range.

However, profit-taking near the upper Bollinger Band could trigger a pullback. The MACD is flattening, hinting at slowing momentum. If FLOKI drops below $0.0001326, support could emerge at $0.0001289 or $0.0001264, where previous consolidation phases occurred.

Related: Can Pepe Meme Compete with The Meme Token Floki?