FLOKI Eyes Rebound After Bullish Breakout Retest
As Memecoins Wobble, Can Floki Regain Momentum Amid Ethereum Pullback?
The broader crypto market is adjusting after a powerful run, with Ethereum (ETH) slipping from its monthly high of $2,700 to under $2,350 — a move that’s triggered ripples across high-volatility sectors. Floki (FLOKI), up more than 66% in the past month, is now in a critical phase as it retests a significant breakout.
Despite the market’s recent stutter, technical indicators for FLOKI suggest there may still be fuel left in the tank.
Technical Setup: Classic Bullish Pattern in Play
On the daily chart, Floki has developed a Cup and Handle pattern — a widely recognized bullish formation. The token established a curved base (the “cup”) before dipping briefly to form the “handle,” reaching a low of $0.000070.
From there, FLOKI broke above the neckline resistance at $0.000092, a key level backed by strong support at the 100-day moving average. This move confirmed a breakout and pushed the token to a local high of $0.00012.
However, as is common after a breakout, profit-taking led to a 25% correction, dragging the price back into the breakout zone between $0.000085 and $0.000092. This zone now acts as new support.
Bounce Back in Progress?
At the time of reporting, FLOKI has rebounded to approximately $0.000092 after briefly dipping to $0.000086. The ability of bulls to defend this level is critical. If volume increases and the support holds, the breakout could be reaffirmed.
The next upside target sits at $0.00014, representing a potential 52% gain from current levels. This target is based on the depth of the Cup and Handle formation.
That said, Floki’s path forward may hinge on Ethereum’s stability. Should ETH continue its slide, the broader memecoin rally, including FLOKI, may struggle to gain traction.
Conclusion
FLOKI’s recent chart structure and support zone behavior signal an opportunity — but the next few trading sessions will be decisive. Investors and traders are watching closely to see whether this breakout holds or fades with the broader market.
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