Key Insights:
- FLOKI price bouncing off buy wall, aiming for $0.00015 breakout.
- Strong whale activity signals potential for further rise.
- FLOKI up 30% in 30 days, indicating bullish momentum.
Floki Inu (FLOKI) price is showing signs of strong price movement as it rebounds from key support levels and gains traction among traders and large holders. Technical and on-chain data suggest the token may be preparing to break through a nearby resistance zone, with a price target of $0.00015 now in focus.
Price Holds Support and Eyes Resistance Break
The FLOKI/USDT chart from market analyst CW8900 shows the token bouncing off a key support zone around $0.000070. This area has in the past produced upward movements, hence a key level for buyers. The rebound is also accompanied by an increase in price volume, almost a signal of a revival of an earlier interest of the participants in the market.
As the price goes higher from this base point it is nearing a resistance area between 0.000078 and 0.000082. The previous sessions have shown this as a zone at which the price has acted as sell wall and for some time stopped the upward drift. If this level is breached, and accompanied by increasing volume – FLOKI might continue rising to the analyst’s targeted short-term price surge of $0.00015.
Market structure has also changed, with FLOKI now forming higher lows on the chart. This pattern suggests a possible trend reversal, as selling pressure weakens and buyers begin to regain control. The consolidation under resistance may lead to a breakout if momentum continues to build.
Activities of Whales Indicate Increasing Interest.
Large-volume FLOKI movements have been noted to surge according to Whale transaction data from Santiment. Whale transactions, displayed by amounts of more than $100,000 worth of FLOKI, increased by 224.02% in the last week. This growth places FLOKI 10th by the highest surge in whale activity among top tokens during the period.
The rise of whale transactions mostly translates to the large holders getting ready for a possible move. This activity can even represent accumulation especially with the movement of rising prices and volume. In the last 7 days, FLOKI gained by 8.38% which is supported by an increase of trading volume by 12.99%.
FLOKI Builds Momentum with Price Surge and Rising Open Interest
In the last 30 days, FLOKI has increased by 30%, and strong momentum can be implied. Floki Inu has also been reported to have 16 green trading days out of 30, volatility of 18.79%. This data indicates steady buyer presence and high-volumes trading in and around the token.
Based on the current projections, FLOKI could soar up to over 229% and hit $0.00029 on June 6, 2025. The Fear & Greed Index is at 65, which means the market attitude at the moment is greedy. Although the overall sentiment is neutral, the price pattern and whale interest indicate prospects of upward continuation.
Open interest has been increasing drastically. FLOKI’s open interest on the perpetual contracts now stands at $4.5 million up 38.53% in 24 hours. This increase entails increased positions opened by the traders which can be attributable to bullish expectations of an increase in the price movement.
Source| Coinalyze
Nonetheless, if open interest increases while the price stagnates or declines, that could be a sign of overleveraged positions, which can cause liquidation. The rise in both OI and price supports the argument that market participants are actively adding up to a breakout move.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.