FLOKI breaks resistance after Robinhood listing | Credit: Hameem Sarwar
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Key Takeaways
FLOKI surged nearly 10% after U.S. trading platform Robinhood listed the memecoin.
FLOKI has broken out of the falling triangle and wedge on the 4-hour and daily charts.
If buying pressure continues, FLOKI’s price could rally toward $0.00020 or higher.
Floki (FLOKI), the dog-themed memecoin, is showing signs of an imminent technical breakout — a development fueled by a major listing catalyst.
U.S.-based trading platform Robinhood has officially made FLOKI available for trading, opening access to millions of retail investors.
In response to the news, FLOKI’s price spiked nearly 10%. Despite this short-term rally, the token remains down approximately 67% from its all-time high, leaving plenty of room for potential upside.
With access expanding, here are some potential price targets FLOKI might aim for soon.
FLOKI Is No More Compressed
On the 4-hour chart, FLOKI has broken out of a falling triangle pattern. This breakout coincides with the recent Robinhood listing announcement, which catalyzed momentum and volume in the market.
For several weeks, FLOKI’s price action had been constrained within a falling triangle. Amid this setup, the memecoin remained highly compressed.
However, the recent break above the upper trendline marks a potential end to the downtrend.
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Confirming the change in momentum, the Awesome Oscillator (AO) has flipped into positive territory, printing green bars above the zero line. This indicates that short-term momentum now exceeds the longer-term average.
Amid the ongoing breakout, FLOKI appears ready to challenge the resistance at $0.0001, which has previously acted as a ceiling for price rallies.
A close above this zone could validate the bullish breakout and open the door to further upside. Beyond that, attention may shift to the next major resistance at $0.00014, where FLOKI’s price was once rejected.
FLOKI Price Targets Resistance Breach
Adding to the bullish thesis, FLOKI’s price has broken out of a falling wedge pattern on the daily chart.
The falling wedge, characterized by converging trendlines sloping downward, indicates decreasing selling pressure and growing consolidation before a breakout.
Meanwhile, the Chaikin Money Flow (CMF) remains below the zero signal line, suggesting that overall capital inflows have yet to outweigh outflows.
However, by the look of things, the indicator might break into the positive region. Should this trend remain the same, FLOKI’s price might break the resistance at $0.00015.
Once that happens, the memecoin might rise as high as $0.00020. With the Robinhood listing, retail investors might buy more of FLOKI.
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.
