TokenFi's TOKEN and Floki Inu's FLOKI Tokens Recently Posted Impressive Rallies

NOIDA (CoinChapter.com) — TokenFi's TOKEN and Floki Inu's FLOKI tokens recently posted impressive rallies, capturing investor attention amid a broader crypto market rebound.

TokenFi’s TOKEN and Floki Inu’s FLOKI tokens showcased impressive rallies on April 28, recording gains of nearly 70% and 19%, respectively.

The partnership between TokenFi and Rice Robotics for the launch of RICE token through TokenFi’s Launchpad drove up TOKEN’s price sharply.

Meanwhile, FLOKI integration with Rice Robotics’ AI-powered Minibot M1 and broader ecosystem expansion contributed to memecoin’s triple-digit weekly gains.

The crypto market overall maintained bullish momentum during the period, with Bitcoin stabilizing above $94,000 and Ethereum consolidating above $1,800.

However, both TOKEN and FLOKI saw some pullback in early trading on April 29, likely due to profit-taking after their rapid gains.

Floki Bulls Hope Golden Cross Would Help Continue Rally

Floki Inu’s recent rally appears to be losing some steam after a strong run-up. The price broke above the 20-day (red) and 50-day (purple) exponential moving averages, indicating a bullish shift. A golden cross between these EMAs is also quickly approaching.

While traders often view the pattern as a momentum continuation signal, today’s 4.5% pullback at around $0.083, below the token’s 100-day EMA (blue), suggests that bears are defending the EMA resistance.

The Relative Strength Index (RSI) stands at 68, just below the overbought threshold, indicating that the token was nearing an overheated zone before today’s correction.

From a Fibonacci standpoint, FLOKI has rejected near the 0.5 Fib retracement level, which is approximately $0.87, drawn from the December high to the March low. This level aligns with the 100-day EMA as an immediate resistance cluster.

If the bulls manage to flip the immediate resistance, it could open the door for a move to the next resistance zone, which is around $0.96.

On the downside, the 0.382 Fib level, which is near $0.78, acts as short-term support, followed by the 20-day EMA at $0.73. A breakdown below this area could send the price to the 0.236 Fib zone, which is near $0.66.

Despite the bullish crossover and strong weekly gains, FLOKI’s current candle structure at least suggests some hesitation. The rejection at a key Fibonacci level, combined with the RSI cooling off, points to consolidation or a minor pullback before any further advance.

To maintain the trend, bulls need to keep support above $0.73. Overall, FLOKI remains technically bullish, but a cooldown phase seems likely before another leg up.

Post-Rally Pullback Tests TOKEN Support Integrity

TOKEN experienced a parabolic move, rallying over 60% on April 28, before facing a sharp 15.6% pullback. This move pushed the token above all short-term EMAs, with the 20-day (red) EMA rising steeply, reflecting strong recent momentum.

However, the current red candle suggests that speculative excess may be cooling. The Relative Strength Index (RSI) has dipped from above 70 to around 63, moving out of the overbought zone.

This pullback also aligns with the rejection at the 0.786 Fibonacci retracement level, which is near $0.026, measured from the January high to the March low. This level is now a key ceiling, which is reinforced by a volume spike that marks a potential local top.

The token has immediate resistance at the 0.786 Fib level, which is near $0.026. Flipping the immediate resistance would target the next resistance at $0.030.

The price has dropped to retest the 0.5 Fib retracement at $0.020, which is now serving as immediate support. If this level breaks, the next cushion lies at the 0.382 Fib near $0.018, close to the 100-day EMA. The final short-term safety net is $0.015, near the 0.236 retracement and April’s consolidation zone.

While the pullback does not yet invalidate the bullish structure, failure to quickly reclaim the $0.22-$0.26 zone may invite more selling pressure. Traders should also keep an eye on volume behavior in the coming sessions to confirm whether this move was a shakeout or a local top.