FLOKI price just made a quick comeback after dipping below a key support level, and traders are starting to take notice. Veteran analyst Jelle shared on X that the token briefly broke down from its pennant pattern but snapped right back, reclaiming the support zone almost immediately. That bounce has sparked talk of a possible short-term rally, especially with the current chart setup looking more bullish.
Zooming in on the chart, FLOKI dropped below the pennant, likely triggering stop losses and shaking out weak hands, but then quickly recovered. It’s now holding above the $0.000215–$0.00022 area, which is acting as a solid base once again.
What makes this even more interesting is the golden cross that just formed on the 12-hour timeframe. That’s when the 50 EMA crosses above the 200 EMA, a signal traders often look for when trends are starting to shift. With this crossover lining up right after FLOKI price reclaimed support, many are watching closely to see if a breakout from the pennant will follow.
FLOKI Price Target and Key Levels in Focus
FLOKI immediate upside target sits around $0.000028, which represents a possible 25% gain from the current level. The lower support area between $0.000145 and $0.00017 has also proven reliable during the last correction phase. Holding above these zones could help build momentum.
Short-term structure shows rising lows and strong recovery behavior, indicating steady buyer interest. The next few candles will be monitored to see if the breakout confirms. Volume and price action at the pennant boundary will likely decide the next direction.
Meanwhile, TOKENFIARMY shared a tweet celebrating FLOKI presence in the BNB Chain ecosystem. The post noted increasing DEX activity, the upcoming Valhalla game launch, and listings on major platforms like Binance and ETP markets. These developments add visibility as the project moves forward.
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"BNB Chain is on 🔥! 🚀 With record-breaking transactions, DEX users, and volume, the ecosystem is buzzing. And $FLOKI is leading the charge as the dominant memecoin! 🤯 With its strong infrastructure, upcoming Valhalla launch, and global recognition, Floki's poised for… pic.twitter.com/JDeb4FDIdZ
— ⭐️TOKENFIARMY⭐️ (@FLOKIARMYKING) June 11, 2025
Furthermore, alongside FLOKI price movement, the FLOKI team continues to build engagement through real-world efforts. According to Jelle, the project recently sponsored community outreach events in Nottingham. These activities could support brand awareness and adoption.
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