FLOKI Price Reclaims Key Zone – Is a 25% Rally Coming?

FLOKI price just made a quick comeback after dipping below a key support level, and traders are starting to take notice.

FLOKI price staged a quick comeback after dipping below a key support level, sparking interest in a possible short-term rally. 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.

FLOKI quickly recovered after dipping below the pennant, likely triggering stop losses and shaking out weak hands. It's now holding above the $0.000215-$0.00022 area, which acted as solid support during the last correction phase.

Moreover, the 12-hour 50 EMA has crossed above the 200 EMA, forming a golden cross. This technical indicator is often used by traders to identify a potential shift in trend.

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 immediate upside target sits around $0.00028, 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 post 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.

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! 🤯

Its strong infrastructure, upcoming Valhalla launch, and listings on Binance & ETP markets… https://t.co/334qIuZ08Z

— TOKENFIARMY (@TOKENFIARMY) October 25, 2023

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.