FLOKI Rallies 19% Off the Bottom but Charts Hint at Limited Upside Ahead

Key Takeaways

• FLOKI is in wave (v) of a bullish impulse.
• Fibonacci levels point to 0.0001360–0.0001639 as targets.
• RSI divergence suggests a near-term top is approaching.

Floki (FLOKI) has broken out of a multi-month downtrend, accelerating in an impulsive wave structure.

Price action and Fibonacci alignment indicate a bullish continuation, though signs of temporary exhaustion may soon emerge.

With wave (v) now in progress, traders should monitor closely for short-term peaks and retracement setups.

FLOKI Price Analysis

The 4-hour chart reveals a long corrective W-X-Y structure that bottomed slightly below a green accumulation zone at 0.0000459 on April 7.

Following this, FLOKI initiated a new bullish impulse, clearly visible through labeled waves (i) to (v).

Wave (iii) recently peaked at $0.0000950, followed by a shallow pullback into wave (iv), and the price has now launched into the final wave (v).

The price is currently trading just under the 0.0001360 level and has broken above the previous resistance at 0.0001016, aligned with the 0.236 Fibonacci retracement. 

The next major resistance zones lie at 0.0001639 (0.5 Fib), 0.0001917 (0.618), and 0.0002314 (0.786). 

These are key areas to monitor for trend exhaustion and potential profit-taking.

The Relative Strength Index (RSI) has entered the overbought territory but has not yet shown major divergence on the 4-hour chart, indicating that momentum is still healthy. 

However, traders should remain cautious as the price nears major Fib confluences. 

Following the completion of wave (v), a retracement could retest the 0.0001016 support zone, aligning with the previous wave (iv) structure.

FLOKI remains bullish, with an impulsive wave structure suggesting further upside before a correction.

FLOKI Price Prediction

The 1-hour chart shows a detailed impulsive wave count within wave (5), with smaller sub-waves (i)-(iv) complete. 

The recent breakout from the ascending channel after a wave (iv) pullback confirms bullish continuation into sub-wave (v), which may now be approaching its peak.

Current price action suggests the short-term top for wave (v) could reach the 0.0001360 area, aligning with the 0.382 retracement from the higher time frame. 

If bullish momentum persists, the price may overshoot toward 0.0001639, marking a 0.5 retracement level from the macro structure.

RSI on the 1-hour chart is rising but has already formed a minor divergence from wave (iii) to the current price action, hinting at a possible slowing of momentum. 

If the price reaches the 0.0001360–0.0001450 zone and stalls, we could expect a pullback to begin shortly after. 

The first target would be 0.0001016 (0.236 retracement), followed by deeper support at 0.0000950 (wave 3 peak) and possibly even back to 0.0000843 (accumulation top).

The signal would support a corrective move if RSI breaks lower while the price stays flat or rallies weakly. 

Conversely, if RSI confirms new highs, the next Fib targets may still be achieved before exhaustion.

Key Levels to Watch

• Immediate Resistance: 0.0001360 (0.382 Fib retracement).
• Wave Peak Zone: 0.0001639 (0.5 Fib), 0.0001917 (0.618).
• Retracement Support: 0.0001016 (0.236 Fib).
• Deeper Support Zone: 0.0000950–0.0000684.