Meme Coin Strengthens as Bulls Target $0.000012 Resistance
FLOKI, the popular meme-inspired cryptocurrency, posted a notable 7% price surge this week, rebounding sharply from its key support zone near $0.0000075. The move signals renewed bullish momentum after weeks of sideways trading and declining volatility.
According to the daily chart, FLOKI has formed a bullish recovery pattern, bouncing from a major demand area between $0.0000070 and $0.0000080, which had previously acted as a strong accumulation zone. The token’s recent upswing has pushed it toward the $0.000010–$0.000011 region, where initial selling pressure has begun to emerge.
Trading volume jumped to 185 billion FLOKI tokens, reflecting rising trader participation and renewed market confidence. Analysts highlight that the breakout from the earlier downward channel marks a structural shift in sentiment.
According to BITX technical strategists, “FLOKI’s rebound aligns with broader meme coin resilience. The short-term trend is constructive as long as it holds above $0.000008. A breakout above $0.000011 could open a path to the next resistance around $0.000014.”
Support and Resistance Zones
- Immediate Resistance: $0.000011 – $0.000012
- Major Resistance: $0.000014 – $0.000015 (red supply zone)
- Key Support: $0.0000075 – $0.000008 (green demand area)
- Secondary Support: $0.0000065 psychological level
The overall technical structure remains cautiously bullish, with the price holding above both the short-term moving averages and the lower support channel. However, traders are watching whether FLOKI can maintain momentum amid broader crypto market uncertainty.
If bulls succeed in closing daily candles above $0.000011, the next target sits near $0.000014, representing an 18% potential upside. Conversely, a rejection from this level could lead to a retest of the $0.000008 support base.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.