Floki price breaks out of a multi-month descending channel, trading above key moving averages. Europe’s first FLOKI ETP launches on Sweden’s Spotlight
Floki price today trades near $0.0001073, surging over 24% in the past 24 hours as traders react to the launch of Europes first FLOKI-based exchange-traded product (ETP). The breakout above the descending channel marks a potential trend reversal, supported by renewed on-chain inflows and bullish momentum readings.
Floki Price Breaks Out Of Descending Channel
The daily chart shows Floki price breaking out of a multi-month descending channel that had capped upside since August. Price has reclaimed the 20-day EMA at $0.0000917 and now trades above all short-term moving averages, with the 50-day EMA at $0.0000950 and 100-day EMA at $0.0000969 providing support.
The breakout structure is reinforced by rising momentum. The RSI at 68 suggests strong buying pressure, approaching the overbought region but still short of exhaustion. If price sustains above $0.0001100, the next resistance zones sit near $0.0001200 and $0.0001450, corresponding to previous swing highs. A close above $0.0001450 would confirm a bullish continuation, potentially targeting $0.0002000 in the medium term.
On the downside, immediate support rests near $0.0000970 and $0.0000910. A daily close below $0.0000900 would invalidate the breakout and expose the lower channel boundary near $0.0000700.
ETP Launch Opens Institutional Gateways
THE FIRST FLOKI ETP GOES LIVE IN EUROPE
The first $FLOKI ETP is now live in Europe, making Floki the first and only BNB chain project to secure an ETP listing besides $BNB itself — a big feat, especially as it coincides with BNB season.
The recent launch of the FLOKI ETP on Swedens Spotlight Stock Market has positioned the token in a unique category among meme coins. The product, introduced by Valour, the digital asset arm of DeFi Technologies, makes Floki the only BNB Chain project other than BNB itself to secure a regulated European listing.
The ETP allows both retail and institutional investors to gain exposure to FLOKI through traditional brokerage platforms without managing on-chain custody. This institutional-grade accessibility adds a layer of credibility to the token and aligns with a broader industry trend toward regulated crypto investment products.
As part of the rollout, the Floki DAO allocated over 16 billion tokens from its treasury to serve as ETP liquidity, ensuring full transparency and on-chain backing. The move underscores the projects commitment to bridging its community-driven identity with regulated financial infrastructure.
On-Chain Data Shows Fresh Inflows
Exchange data from Coinglass shows a net inflow of $649,730 on October 4, signaling renewed investor activity. This marks one of the strongest positive flow readings in recent months, following a long period of low participation. The pickup in inflows coincides with the ETP listing, suggesting market participants are repositioning ahead of potential mainstream adoption.
Sustained inflows above the $1 million mark would be a confirmation of broader participation, particularly from funds tracking new crypto ETP products. For now, the modest inflows reflect early institutional engagement but a clear directional shift toward accumulation.
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