Floki Inu Price Nears Critical Level with 30% Surge and Bullish Targets

Floki shows strong bullish momentum after breaking a long descending trendline on the 4-hour chart, gaining nearly 30% from the $0.00008739 support.

According to Crypto_Jobs, rising trading volume confirms seller absorption and points to further upside if key resistance levels flip to support.

Analyst CryptoAM highlights a critical multi-day resistance around $0.000109 that aligns with long-term price structures. A confirmed breakout could target $0.000135 and possibly $0.000189, representing potential moves of 31.9% and 80.7%. Market data reinforced the trend, with a $1.03 billion capitalization and $143.5 million daily volume supporting strong liquidity. Sustained closes above $0.000107–$0.000110 are essential to validate the bullish structure and maintain the upward trajectory.

Key Resistance Level Holds Focus

According to analyst CryptoAM on X, the cryptocurrency is nearing a decisive price level that could influence its next move. The 3-day chart shows the token trading at $0.00010906, up more than 4%, after steady gains through recent sessions. A long-standing horizontal resistance dating back to early 2024 now defines the main area to watch.

Floki

FLOKIUSDT Chart | Source:x

If the asset closes above this level and converts it into support, the analyst indicates upside targets of $0.00013528 and $0.00018923. These price points represent potential advances of about 31.9% and 80.7% from the breakout region. Both targets correspond to past supply zones where previous rallies stalled, providing a reference for traders monitoring future moves.

Breakout Signal from Short-Term Chart

Complementing the multi-day view, a 4-hour chart shared by Crypto_Jobs shows a break above a descending trendline that had contained the price since mid-July. The token moved quickly from $0.00008739 support to over $0.0001109, gaining around 30% in a short span. Rising trading volume during the breakout suggests that earlier selling pressure was absorbed, giving buyers room to push higher.

Floki

FLOKIUSDT 4-Hr Chart | Source:x

The next immediate resistance cluster is observed around $0.0001140–$0.0001180. Should momentum persist, the chart identifies higher targets near $0.0001292 and $0.0001386. A green accumulation zone near $0.000083 reflects recent strong buying interest, strengthening the base for the ongoing upward movement if the breakout level near $0.000107–$0.000110 remains intact.

Daily Performance and Market Metrics

Over a 24-hour period, the token maintained an upward bias despite intraday swings. Trading opened close to $0.000106 and climbed above $0.000109 before retracing. The highest volume, around $131 million, matched the day’s early peak, signaling active participation at the start of trading.

Floki

FLOKIUSD 24-Hr Chart | Source:x

Later sessions saw profit-taking bring prices back near $0.000105, while trading activity gradually eased. Even with the retreat, the token closed at $0.0001063, a daily gain of 1.92% and above the prior day’s base. These moves show that market participants continued to defend key support levels through the day.

Liquidity and Supply Conditions

The market capitalization currently stands at approximately $1.03 billion, supported by a 24-hour trading volume of about $143.5 million. Circulating supply is estimated at 9.66 trillion, offering sufficient liquidity for ongoing market activity. Therefore, this liquidity helps sustain trading interest and can cushion short-term price fluctuations if buying demand persists.

Analysts monitoring both medium- and short-term charts note that a confirmed close above the highlighted resistance level would validate the bullish structure and open the path toward the identified upside targets. Conversely, failure to maintain this range could leave the token inside its current consolidation zone.

Source: https://bravenewcoin.com/insights/floki-inu-price-nears-critical-level-with-30-surge-and-bullish-targets