FLOKI Holds Channel Support as Bulls Target $0.000038 and Higher

• FLOKI holds descending channel support near $0.000028 as traders watch for breakout confirmation signals.
• Price targets range from $0.000038 to $0.000160 with stop-loss placed at $0.000025 level.
• RSI stays below 50 while MACD flattens, showing slowing bearish momentum on daily timeframe.

FLOKI holds channel support as bulls target $0.000038 and higher after recent price pressure. The token trades near a key level inside a falling wedge pattern. Market data shows tightening price action, while traders watch for a breakout.

FLOKI Holds Channel Support on Higher Timeframes

FLOKI trades near $0.000028 as it tests the lower boundary of a descending channel. Analysts note that the support zone remains intact on the 3D timeframe. Market analyst Jonathan Carter stated, the token is ready to bounce from the support zone inside the descending channel.

Price targets stand at $0.000038, $0.000057, $0.000078, $0.000117, and $0.000160. The proposed stop-loss level is at $0.000025 level. The update added, “Support zone holding firm” and “Momentum shifting toward bulls.”

Traders now monitor whether buyers can maintain pressure at this range. As of press time live FLOKI price stands at $0.000028 level. The token records a 24 hours trading volume of $35,834,717 with price decreased by 3.52% over the past 24 hours.

Falling Wedge Pattern Signals Tightening Price Action

On the daily timeframe, FLOKI remains within a clearly defined falling wedge. The broader trend still shows lower highs and lower lows. This structure reflects sustained bearish pressure over recent weeks.

However, the narrowing range suggests that downside momentum may be slowing. The Relative Strength Index RSI stays below the neutral 50 mark. This reading signals weak buying strength. The MACD indicator shows flattening after an extended bearish phase. This setup indicates that selling pressure is no longer increasing at the same pace.

For a recovery move, price must hold the lower wedge support. Bulls also need a clear break above the upper descending trendline. Until that move occurs, price remains confined within the wedge structure. Market participants continue to watch channel support and resistance levels closely.