FLOKI is starting to show some real strength, breaking above a key trendline and making a move toward a major resistance zone. As of July 8, it’s approaching a price level that has blocked several rally attempts in the past. Momentum seems to be shifting, and traders are now watching closely to see if this breakout can hold.
Crypto expert Jelle pointed out on X (formerly Twitter) that FLOKI price is already pushing into that key resistance area. He highlighted the importance of reclaiming the white box marked on the chart, suggesting that if FLOKI flips it into support, it could be on track to revisit its previous highs.
Market Structure Shows Signs of Recovery For FLOKI Price
The FLOKI chart shows that the market had been in a mid-term downtrend since May. Lower highs were consistent until late June, when the price began forming higher lows. This pattern signals a potential shift toward accumulation or reversal.
The descending trendline, which has been active since May, was violated in early July. The break suggests new buying interest, with price action now challenging the resistance zone just above the trendline.
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Floki Price Resistance Reclaim Could Unlock New Targets
Key resistance now sits between $0.000021 and $0.000023, an area marked on the FLOKI chart as “Reclaim this.” This level has acted as a ceiling during past rally attempts. A close confirmed above the zone could set the stage toward the $0.000035–$0.000038 area, which was the May high.
Price support for FLOKI remains solid at $0.000015, with additional demand between $0.000012 and $0.000015. This area has served as the foundation for recent higher lows.
Also, a shorter-term exponential moving average is now sloping upwards, and price is holding above it. This crossover shows growing buyer dominance. The trendline break is accompanied by strong momentum candles, adding to the likelihood of trend continuation.
Traders and analysts will seek confirmation above the resistance box and orderly price action to validate a larger upside trend for FLOKI price.
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