FLOKI’s price surged 25% after Elon Musk posted a picture of his dog.
The memecoin broke key resistance with CMF and AO flipping green.
Sustained volume could push price toward $0.00013 — here is how.
The “Dogefather strikes”, and FLOKI answers.
That perfectly describes what happened today as FLOKI broke its multi-month downtrend to trade 25% higher.
But is this another short-lived Elon Musk moment or the spark of something bigger?
This analysis examines the memecoin’s current technical setup and what could happen to its price before the end of the year.
Elon Musk Triggers FLOKI’s Strength
During today’s early trading hours, FLOKI’s price was $0.000065. This represented a 43% decline over the last three months.
However, things changed within a few minutes after Elon Musk posted about his dog, which also has the same name as the memecoin.
“Flōki is back on the job as 𝕏 CEO!” Musk wrote, while sharing an Grok-produced video.
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Like the impact on his posts about Dogecoin (DOGE) and Kekius Maximus, FLOKI printed a massive green candlestick.
Examining the daily chart, the memecoin remains confined within a descending channel. However, the lower wicks on recent candles suggest that buyers are starting to defend the support zone at $0.000065.
If buying volume strengthens, a breakout above the upper trendline could trigger a short-term reversal, potentially driving the price toward key resistance at $0.00010.
Furthermore, CCN examined several key indicators to determine the strength. This Awesome Oscillator (AO) reading is negative as of this writing.
However, it has flashed a green histogram bar, indicating that momentum is switching from bearish to bullish. Should this remain the case, FLOKI’s price might inch closer to $0.00010, as stated earlier.
At the same time, the memecoin looks ready to break above the 20 EMA (blue). Once that happens, the anticipated FLOKI bull run might resume.
Market Divided on Reaction
While the price increase might be minimal compared to Musk’s previous influence on several cryptos, it has triggered bullish sentiment in the market.
For instance, Unipcs, also known as “Bonk Guy,” suggested that FLOKI’s price could climb higher.
According to him, the token’s historical reactions to Musk-related hype point to potential speculative momentum, which could amplify short-term volatility and drive further upside.
“how many Xs did $FLOKI pump the last time Elon did this btw? IIRC he went on a rampage posting several ‘Floki as X CEO’ tweets and memes shortly after and was even excitedly talking about how it’s cool that his dog was running Twitter on mainstream TV would be ironic if we get a repeat!,” He noted.
On the 4-hour chart, FLOKI has broken above a key resistance line, signaling renewed bullish momentum.
At the same time, the Chaikin Money Flow (CMF) has risen above the zero line, indicating that buying pressure is strengthening and capital inflows are increasing.
If this trend continues, FLOKI’s price could breach the $0.000088 resistance, opening the door for a rally toward $0.00010.
Sustained momentum beyond that level might propel the token above $0.00013 before the end of 2025.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
