What's Behind the FLOKI Price Increase? | Credit: Hameem Sarwar
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Key Takeaways
Floki Inu (FLOKI) broke out from diagonal and horizontal resistances.
The FLOKI price has started a long-term bullish trend reversal.
Can FLOKI sustain its increase long enough to reach a new all-time high?
FLOKI is pacing the crypto market in the past 24 hours with a 25% price increase despite no news catalyzing the rally.
The move puts FLOKI at the forefront of a memecoin revival led by BONK.
This article will examine several FLOKI charts to determine how long the rally will continue.
FLOKI Breaks Out
The long-term FLOKI chart shows that the price surged above two essential resistance levels, which had thwarted the token for over a year.
The resistance levels are the $0.000110 horizontal resistance area and a diagonal resistance trend line that has existed since November 2024.
FLOKI’s reclaim of the $0.000110 price resistance is crucial and illustrates the token’s newfound strength.
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The bearish trend reversed in March, but the first attempt to move above $0.000110 failed in May.
The trend picked up momentum again in June and finally picked up serious momentum this week by breaking out.
FLOKI’s range high is at $0.000280, close to the all-time high. There is no clear resistance until the price reaches that level, though the middle range at $0.000190 may provide a temporary roadblock.
Momentum indicators reveal that the FLOKI trend is turning bullish. The Relative Strength Index (RSI) increased above 50 while the Moving Average Convergence/Divergence (MACD) is nearly positive.
So, the FLOKI price prediction for the rest of 2025 is bullish. While a new FLOKI all-time high is possible, it is still early to call for a decisive breakout to those levels.
New FLOKI All-Time High?
Adding to the positive prediction from the price action, the wave count suggests the rally is just starting and will lead to a new all-time high.
The long-term wave count shows a completed five-wave increase since June 2022 (green) and an A-B-C correction (red) afterward.
If the count is accurate, FLOKI has started a new five-wave increase that will take it to a new all-time high, and is currently in wave three.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
