Floki Price Eyes 50% Surge After Breaking Major Downtrend

The FLOKI chart is starting to wake up again after being weak for a long time. The price finally broke above a downtrend that lasted for months, and that move has caught traders’ attention.

FLOKI now looks stronger on the chart, and some traders think this could be the start of a bigger move after a rough few weeks.

FLOKI own update added to the positive mood. In their latest AMA, the team said they’re not slowing down, no matter how the market behaves.

They pointed out that FLOKI made it through the brutal 2022 crash while many other meme coins disappeared. They kept building when everything looked dead, and that’s the only reason FLOKI is still here today.

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They also explained that their development setup is stronger now than it was back then, so they can keep moving the project forward even if the market turns rough again. This long-term consistency is one of the reasons many traders still believe FLOKI has more room to grow.

What the FLOKI Chart Is Showing

Analyst Captain Faibik shared a clean breakout from the descending trendline, something FLOKI has struggled to do since early autumn. This breakout comes with stronger candles, higher lows, and a clear attempt to build momentum. 

According to Faibik, this setup alone could open the door for a rally of around 50% if the market holds steady. The chart also shows the FLOKI price breaking out with enough room above to continue climbing without hitting major resistance right away.

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Source: X/CaptainFaibik

Why Traders Expect a Bigger Move

Sentiment, fundamentals, and momentum lined up all at once. The downtrend is broken, the buy-side volume is improving, and the team keeps on showing commitment well beyond hype cycles.

After weeks of drifting, the FLOKI price is finally showing a structure that supports upward movement instead of slow bleeding.

If FLOKI manages to hold above the breakout line and turns it into support, traders say the chart leaves plenty of space for a push higher. It’s the first real sign of strength FLOKI has shown in a while, and now the market wants to see if it can build on it.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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