FLOKI Eyes 18X Surge as Price Breaks Key Patterns and Hits $913M Cap

FLOKI breaks key resistance, eyes $0.00015 with bullish patterns and rising volume.

Market cap nears $1B as community and analysts anticipate a possible 18X price rally.

RSI suggests an overbought zone, but breakout above 200MA could confirm long-term trend shift.

Floki (FLOKI) has gained momentum, posting a strong double-digit gain and attracting attention from both analysts and retail traders. With meme coin activity increasing and key chart levels being tested, some analysts suggest FLOKI may be positioned at the start of a larger trend. Many in the community expect a potential 18X rise from current levels.

Technical Setup Suggests Breakout Potential

According to MacroCRG via X, FLOKI has moved up 11% and is now approaching the daily 200EMA and 200MA. These indicators often act as resistance. However, other meme coins like PEPE have recently broken through them, increasing bullish sentiment across the sector.

Source :MacroCRG(X)

The daily chart shows that FLOKI completed a falling wedge and an inverse head and shoulders pattern. After breaking above $0.0000962, it cleared a key resistance zone from April. The next upside targets are $0.00011 and $0.000125. The RSI is currently around 78, signaling overbought conditions. This could mean consolidation before the next move.

On the 4-hour chart, FLOKI has broken out of a multi-week accumulation range, supported by increasing volume. The price is approaching psychological resistance at $0.00010. A daily close above this level could confirm strength and bring $0.00015 into focus.

Market Support and Community Backing Drive Sentiment

Floki’s market cap reached $913 million during the latest rally, bringing it closer to the $1 billion milestone. According to an observation by SlumDOGE Millionaire on X, FLOKI may still be at the beginning of its move, having missed a full bull run in 2021.

The project continues to receive strong backing from its community, known as the “Floki Vikings.” FLOKI is now one of the few meme coins to remain in the top ranks after multiple market cycles

Developers are preparing for the Valhalla mainnet launch in early 2025, and the ecosystem spans DeFi, gaming, and crypto education. If FLOKI breaks the 200-day moving average at $0.0001308 and flips it to support, the price could enter a broader uptrend.

The post FLOKI Eyes 18X Surge as Price Breaks Key Patterns and Hits $913M Cap appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.