FLOKI has broken a key resistance level, signaling a potential shift in market sentiment. Prominent analyst World Of Charts highlighted this breakout on X, suggesting a 30-35% rally could follow.FLOKI has broken above a downward trendline that had been holding it back since mid-January 2024.
The price of FLOKI had been falling for weeks, making lower highs each time it tried to move up. This downward trend kept pushing the price back down. But now FLOKI has pushed through this barrier, hinting at a possible change in direction.
After breaking through, FLOKI has come back to test the old resistance, which now seems to be acting as support. This pattern is commonly associated with bullish continuations, provided the breakout level holds.
What you'll learn 👉
FLOKI Key Resistance and Support Levels
The breakout zone is around $0.00001800, which now serves as a crucial support level. If the price of FLOKI stays above this level, we could see it move higher. There’s support between $0.00001650 and $0.00001700, where the price might pause and test before moving up again.
Looking up, the next big hurdle sits around $0.00002500. This could be where traders aim to take FLOKI if the upward move continues. But we’ll need to see strong trading volume to confirm this breakout is real.
FLOKI Market Expectations and Tweet Insights
The tweet from World Of Charts reinforces the bullish outlook, emphasizing that FLOKI’s price has “broken crucial resistance” and suggesting a solid bullish rally of 30–35%. Such predictions align with typical post-breakout price behavior, where assets often experience strong upside movements if key levels hold.
While breaking above the trendline is promising, FLOKI needs steady buying to keep going up. Traders will watch both volume and market conditions to see if the price can reach these higher targets.
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