Floki shows strong bullish momentum after breaking a long descending trendline on the 4-hour chart, gaining nearly 30% from the $0.00008739 support.
If the asset closes above this level and converts it into support, the analyst indicates upside targets of $0.00013528 and $0.00018923. These price points represent potential advances of about 31.9% and 80.7% from the breakout region. Both targets correspond to past supply zones where previous rallies stalled, providing a reference for traders monitoring future moves.
Breakout Signal from Short-Term Chart
Complementing the multi-day view, a 4-hour chart shared by Crypto_Jobs shows a break above a descending trendline that had contained the price since mid-July. The token moved quickly from $0.00008739 support to over $0.0001109, gaining around 30% in a short span. Rising trading volume during the breakout suggests that earlier selling pressure was absorbed, giving buyers room to push higher.
FLOKIUSDT 4-Hr Chart | Source:x
The next immediate resistance cluster is observed around $0.0001140–$0.0001180. Should momentum persist, the chart identifies higher targets near $0.0001292 and $0.0001386. A green accumulation zone near $0.000083 reflects recent strong buying interest, strengthening the base for the ongoing upward movement if the breakout level near $0.000107–$0.000110 remains intact.
Daily Performance and Market Metrics
Over a 24-hour period, the token maintained an upward bias despite intraday swings. Trading opened close to $0.000106 and climbed above $0.000109 before retracing. The highest volume, around $131 million, matched the days early peak, signaling active participation at the start of trading.
FLOKIUSD 24-Hr Chart | Source:x
Later sessions saw profit-taking bring prices back near $0.000105, while trading activity gradually eased. Even with the retreat, the token closed at $0.0001063, a daily gain of 1.92% and above the prior days base. These moves show that market participants continued to defend key support levels through the day.
Liquidity and Supply Conditions
The market capitalization currently stands at approximately $1.03 billion, supported by a 24-hour trading volume of about $143.5 million. Circulating supply is estimated at 9.66 trillion, offering sufficient liquidity for ongoing market activity. Therefore, this liquidity helps sustain trading interest and can cushion short-term price fluctuations if buying demand persists.
Analysts monitoring both medium- and short-term charts note that a confirmed close above the highlighted resistance level would validate the bullish structure and open the path toward the identified upside targets. Conversely, failure to maintain this range could leave the token inside its current consolidation zone.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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