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Cryptocurrency News Articles

With the price rebounding from a macro support level and gradually moving toward key resistance, traders are now watching for confirmation of a potential trend reversal.

May 21, 2025 at 09:01 pm

On-chain activity and technical patterns suggest a familiar setup for those tracking FLOKI's historical breakout behaviors. Despite prevailing uncertainty in the broader crypto market, the question remains: can FLOKI maintain enough pressure to break its bearish structure?

With the price rebounding from a macro support level and gradually moving toward key resistance, traders are now watching for confirmation of a potential trend reversal.

Crypto traders are eyeing a potential trend reversal in Floki (FLOKI), with the price rebounding from a macro support level and gradually moving toward a key resistance zone.

On-chain activity and technical patterns suggest a familiar setup for those tracking FLOKI’s historical breakout behaviors. However, despite this optimism, the crypto market’s prevailing uncertainty may hinder FLOKI’s ability to maintain enough pressure and break its bearish structure.

Floki Price Prediction: Key Levels to Watch for a Breakout or Breakdown

In a post by Crypto | #1 Free Signals (@best_analysts), traders are noting neutral sentiment for FLOKI/USDT on the daily timeframe, with bullish potential if a key level is cleared. The post includes predefined price targets accompanied by a tight stop-loss setup, emphasizing disciplined risk management.

Neutral sentiment is detected for $FLOKI on the daily timeframe.

Price action respect a key level, which could decide if the price will continue to rise or if it will break down.

Set your targets accordingly, and don't forget to set a small stop-loss to manage your risk.

The neutral stance aligns with the current consolidation phase seen in the price, where momentum appears paused after a minor recovery. While short-term indicators are favorable, confirmation of trend continuation requires a decisive break above resistance.

Analyst Solberg Invest also posted an update, highlighting FLOKI’s resilience at a major support level and its current rally attempt.

$FLOKI attempts to pierce through a crucial resistance zone as it recovers from a key support level.

The price has bounced sharply from the ascending trendline, which is providing support for the token's price on the macro chart. It’s now rallying toward the previous all-time high near $0.00034.

If achieved, this would represent a fivefold increase from the recent bottom.

Solberg’s outlook implies that a historical pattern may repeat if FLOKI successfully overcomes the established red resistance zone, echoing past bullish cycles that followed similar consolidation phases.

Brave New Coin’s data at the time of writing, saw Floki (FLOKI) trading at $0.00009427, reflecting a modest 0.01% daily gain.

While the price shows slight intraday movement, the overall structure of the 24-hour chart suggests a period of mild volatility. FLOKI saw its price spike early in the day, reaching above $0.00009102, before gradually declining to its current level.

This intraday peak hints at short-term speculative activity, possibly driven by news or social sentiment, but was followed by steady profit-taking, as indicated by the downward slope through midday.

The crypto project recorded a trading volume of around $113.01 million in the last 24 hours, though notably down by 30.48%, indicating reduced trader engagement following the recent price action. The market cap currently sits at just over $907 million, with a relatively high circulating supply of 9.62 trillion FLOKI tokens.

The FLOKI price movement shows it’s attempting to maintain support just above the $0.00009400 level, which could be a key area to watch for either a bounce or breakdown. Additionally, the volume/market cap ratio at 12.46% supports the view that trading intensity remains relatively active but not excessive.

Overall, FLOKI is navigating a consolidation phase after an earlier push upward. Traders and investors may be waiting for stronger signals from the broader crypto market before taking larger positions. Technical patterns suggest that if FLOKI manages to stay above the $0.00009400 threshold with increasing volume, it may reattempt a push toward its intraday highs.

The weekly chart of FLOKI/USD on TradingView.com indicates a market recovering from a steep drawdown. The price had been in a clear bearish structure from late 2024 into early 2025, marked by consistent lower highs and lower lows. A bottom formed around $0.0000458, which has since acted as a support base for the recent upward movement. Following this low, the asset posted several bullish weekly candles through April, signaling a short-term relief rally.

Source:Tradingview

Recent price action reached a local high near $0.0001023, more than doubling from the lows. However, the two most recent weekly candles have been red, showing declining momentum. This suggests resistance is forming around the $0.00010 to $0.00011 area. A failure to break above this zone may result in a retracement toward the $0.00007 to $0.00008 range, especially if volume declines.

The long-term ascending trendline

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Other articles published on May 22, 2025