Floki Inu (FLOKI) soars 32%, Will the rally continue?

Key Takeaways

FLOKI surged 45% in 48 hours, breaking key resistance amid whale accumulation and rising volume. Despite bullish momentum, its RSI of 77 signals potential short-term correction before targeting $0.000205.

Over the past two days, Floki [FLOKI] has been making waves, drawing significant attention from traders and investors thanks to its strong performance.

CoinMarketCap data shows FLOKI surged over 45% in the past 48 hours, including a 32% jump in the last 24 hours, making it one of the top-performing meme coins in the crypto market.

FLOKI breaks key barrier after months of struggle

Notably, FLOKI has finally broken through a long-standing resistance level that previously triggered price dips on three separate occasions since early 2025.

This time, the rally appears more sustainable, driven by a decisive breakout, rising interest in the Valhalla blockchain game, and strong momentum across Ethereum and ETH-based memecoins.

Bullish On-chain metrics and current price momentum 

With this recent development, traders’ and investors’ sentiment has turned bullish. They appear to be strongly betting on the upside, and a notable inflow of capital into the meme coin has also been recorded.

According to on-chain analytics firm CoinGlass, FLOKI’s Open Interest (OI) has surged by 117% to $85.56 million, at press time, marking its highest level in the past 12 months.

The major liquidation levels were $0.000121 on the lower side and $0.0001414 on the upper side.

At these levels, traders are over-leveraged, with $1.55 million worth of long positions and $781K worth of short positions. This data reveals that traders are strongly interested in the bullish side.

Source: CoinGlass

Whale transactions between $100K and $1 million have surged by 2,633.33%, according to IntoTheBlock. This sharp rise raises a key question:

 Is now the right time to buy – or has the opportunity already passed?

Source: IntoTheBlock

At press time, FLOKI remained strong at $0.0001316, having climbed over 32% in the past 24 hours.

During this period, overall investor and trader participation has skyrocketed, leading to a 450% surge in trading volume, reaching $823.65 million.

Floki Inu price action and key levels to watch

AMBCrypto’s technical analysis suggests that FLOKI is in an uptrend and has recently broken out from a strong resistance level at $0.000115.

Following the breakout, the meme coin appears to be consolidating sideways.

Source: CoinGlass

FLOKI could climb another 20%, potentially reaching $0.000162, and even $0.000205 if bullish momentum continues.

However, with its press time RSI of 77, the asset was in overbought territory. This suggests a possible short-term price correction before any further rally.