Floki Inu (FLOKI), the popular dog-themed meme coin, has turned positive after a notable price surge in recent days. Over the past week, the meme coin has registered a price surge of over 13%, and with this, it has shifted its prolonged consolidation into a bullish outlook.
Amid recent market uncertainty, FLOKI has formed an ascending triangle pattern while consolidating. However, due to increased whale participation and a strong shift in market sentiment, the Floki Inu price soared and broke out of the pattern.
According to expert technical analysis, the meme coin initially rallied after breaking out. However, it now appears to be forming another bullish flag and pole pattern, suggesting that FLOKI’s price is poised for significant upside momentum.
Looking at the four-hour chart, if the FLOKI price breaks out of the pattern and closes a candle above the $0.000069 level, there is a strong possibility it could initially surge by 11% to reach the resistance level of $0.0000765.
However, if the meme coin maintains its strength and holds above the $0.0000645 and $0.0000765 levels, it could climb another 18% to reach $0.000090 in the future.
In addition to the bullish price action, FLOKI’s market sentiment appears to be steadily improving, according to blockchain analytics platform Santiment. Data reveals that at the beginning of March 2025, FLOKI’s Weighted Santiment Score was -0.68, but it has now risen to -0.09.
This improvement indicates growing optimism among traders and investors on social media, which is also contributing to the price increase. If this trend continues, the meme coin could continue experience upside rally.
This improving market sentiment, combined with optimism on social media and a rising price, explains why exchanges have been experiencing continuous outflows.
Data from the on-chain analytics firm Coinglass shows that exchanges have seen a steady outflow over the past few days. In the last 24 hours alone, more than $186.60K worth of FLOKI has left exchanges, suggesting potential accumulation by investors and long-term holders.
At press time, FLOKI was trading near $0.000068, having declined by 1% in the past 24 hours. Amid its ongoing pattern formation, traders and investors appear uncertain, leading to lower participation compared to the previous day. Data reveals that the meme coin’s trading volume dropped by 20% during the same period.
Key Insights : The weekly chart shows expert Dogecoin predictions suggest that DOGE could reach…
Key Insights: PEPE price prediction suggests that the meme coin could soar by 22% and…
Key Insights: Whale “2WfeaM”, who previously made $368.5K on Fartcoin but lost $168.6K on TRUMP…
Key Insights: HBAR avoided $37.2M in long liquidations after bouncing above the key support level…
Key Insights: Chainlink price rose from the $12.00 zone to $14.53, with a 5.83% increase.…
Key Insights: XRP price prediction suggests that the asset could see a surge of over…
This website uses cookies.