Floki (FLOKI) is facing increased selling pressure following a failed attempt to push past its short-term resistance zone.
After peaking in late June, the token has slipped back into a narrow consolidation range, with bearish momentum gradually building. Indicators show weakening buyer strength as the market awaits a clearer directional move. FLOKI now trades just above a crucial support level that may determine its near-term trend.
Intraday Compression Reflects Weak Bullish Follow-Through
On the 1-hour chart, FLOKI/USDT exhibits a gradual loss of bullish momentum after a recent upswing from below $0.0000700 to a peak near $0.0000820. Following this move, the price began forming lower highs, eventually stabilizing around $0.0000770, marking a 0.96% drop in the last hourly candle. This price behavior resembles a rounded top formation, often indicative of diminishing bullish strength and potential short-term reversals.
Source: Open Interest
Intraday volatility has been evident, with sharp impulses followed by steeper corrections. These cycles suggest that profit-taking is outweighing fresh buying activity, especially near key resistance zones. A recent failed breakout above $0.0000800 further emphasizes the cautious tone, as the price fell sharply afterward.
Meanwhile, aggregated open interest remains steady between 3.5M and 3.62M, signaling that traders are not significantly adding or exiting positions. This flat behavior during a price pullback implies weak conviction from bears, as well as a lack of enthusiasm from bulls.
Floki Price Prediction: Volume Drop Underscores Market Uncertainty
FLOKI’s 24-hour chart from July 3 to July 4, 2025, shows a clear pullback in price from a high near $0.000081 to a low of $0.000076, resulting in a 4.80% daily loss. The session began with price holding above $0.000080, but selling pressure quickly led to a retracement that persisted through the day. While a modest bounce was observed near the $0.000078 level, it failed to spark sustained recovery.
Source: BraveNewCoin
Trading volume peaked during the early part of the session but fell below $112 million by close, confirming waning participation from buyers. This fading volume, despite notable price fluctuations, indicates that the market lacked the conviction to support a rally.
Floki’s market cap now stands at $741 million, with a circulating supply exceeding 9.66 trillion tokens. This large supply makes the price highly responsive to shifts in demand. Unless the price breaks above $0.000081 on renewed volume, the range between $0.000076 and $0.000080 may persist. A failure to hold $0.000076 could open room for further downside.
Indicators Show Weak Momentum at the Time of Writing
As of July 4, 2025, FLOKI is trading at $0.00007699, recording a 2.95% intraday decline. The daily chart shows price consolidating below key resistance levels, with recent candles reflecting indecision. FLOKI price remains confined within a narrow horizontal band, lacking a clear directional bias. Traders appear to be awaiting confirmation before initiating strong positions.
Source: TradingView
Technical indicators remain neutral to bearish. The Relative Strength Index (RSI 14) is at 49.88, hovering near the neutral line, with the RSI-based moving average at 43.98. This suggests mild upward pressure, but not enough to shift sentiment.
The MACD is also inconclusive. While the MACD histogram reads +0.00000135, the MACD line (-0.00000174) remains below the signal line (-0.00000309), indicating that the recent bearish trend is losing strength but not yet reversed. A decisive crossover and sustained volume increase would be necessary to support any upward breakout from current levels. Until then, FLOKI’s price action may remain constrained below the resistance zone.
Source: https://bravenewcoin.com/insights/floki-price-prediction-bearish-momentum-grows-below-key-resistance-zone