FLOKI Nearly Hits $1B Market Cap as Meme Coin Mania Returns, But There's a Catch

FLOKI just made a strong move. Its price jumped over 12% in the last 24 hours and briefly pushed the market cap to around $913 million.

The price of FLOKI (FLOKI) has surged more than 12% in the last 24 hours, briefly pushing its market cap to around $913 million. This puts the meme coin giant within striking distance of the $1 billion milestone, a level that could bring in even more attention from traders.

One of the loudest voices today was SlumDOGE Millionaire, a well-known meme coin investor with over 388,000 followers on X. He posted, “No one is ready for what $FLOKI will do,” and added that the team has been building for years while the community keeps growing stronger.

He also said FLOKI never had its true bull run in 2021. That sentiment is shared by many early holders who feel the project still has a lot more room to grow. FLOKI is now one of the few meme coins besides DOGE and SHIB to survive multiple market cycles and stay in the top ranks.

Another meme coin that is performing exceptionally well is PEPE (PEPE), which has soared more than 25% today. This puts PEPE in an even hotter zone, with its price now up more than 500% in the last month alone.

If we factor in the huge gains of BRETT (BRETT), which also climbed over 25%, it becomes clear that interest in the meme coin space is returning in a big way. If this keeps up, the entire category could enter a new bullish phase.

Let’s take a closer look at the FLOKI/USDT chart.

On the 4-hour timeframe, the price of FLOKI has broken out of a long accumulation zone that stretched through March and most of April. It’s now approaching the $0.000010 level, which is a psychological resistance. If it can close above that zone with strong volume, the next key levels are around $0.0000125 and $0.000015.

The RSI is at 78, which shows FLOKI is in overbought territory right now. That doesn’t mean it will crash, but it could signal a short-term pullback or consolidation before the next leg higher.

Also worth noting is that the price is still trading below the 200-day moving average, which is currently around $0.0001308. If FLOKI can eventually break above that line and flip it into support, it would confirm a much larger trend reversal.

Short-Term FLOKI Price Prediction

If buying pressure continues and the meme coin trend strengthens, FLOKI could test $0.0000105 to $0.000012 in the next few days. A break above those levels would put $0.000015 in play.

On the downside, a pullback to $0.0000085 would be healthy and might attract more dip buyers if the overall momentum holds.

Overall, FLOKI looks strong right now. It has volume, community support, and market-wide tailwinds from other meme coins pumping. The next few weeks could be critical. If it finally crosses that $1 billion market cap and breaks the 200-day MA, FLOKI could be looking at a real breakout, not just a short-term pump.

Meme coin season might just be starting, and looks like FLOKI wants a front-row seat.