FLOKI is up over 10.75% after bouncing from key support. With a bullish trend in place, all eyes are now on a major resistance level that could trigger a 22 percent continuation move.
FLOKI coin (FLOKI) has shown impressive strength, gaining 10.75 percent in recent trading sessions. This surge followed a successful reclaim of a high time frame support zone while maintaining a bullish market structure.
While the broader trend favors further upside, the next phase of the rally hinges on a critical technical resistance level. A breakout could fuel a strong move toward the upper boundary of the current trading channel.
Key technical points
- Support Reclaim: Price bounced from 0.9030 sats, a key zone aligned with the 0.618 Fibonacci and channel low.
- Major Resistance Ahead: 0.1144 sats is the next critical level; a break could fuel a 22% rally.
- Apex Zone Forming: The 21 EMA and resistance are converging, hinting at an imminent breakout.
The move began after FLOKI defended the 0.9030 satoshi level, which aligned with both the 0.618 Fibonacci retracement and the lower boundary of a parallel channel. Multiple successful tests of this zone confirmed its role as a valid support level and launchpad, propelling price toward the current resistance at 0.1144 sats.
This resistance marks a key pivot in FLOKI’s bullish setup. It not only represents a horizontal high time frame resistance but also coincides with the channel’s midpoint, a level that often dictates trend continuation or rejection in range-bound markets. A confirmed breakout and close above this midpoint would significantly raise the probability of a continuation move toward the channel high, implying a potential 22 percent upside.
Adding to the setup, the 21-period moving average is rising into the price range, acting as dynamic support. With this moving average converging with horizontal resistance, FLOKI is now trading within an apex zone, a compression area where volatility typically builds before explosive resolution.
For now, lower time frame structure remains bullish. The more often price tests resistance while holding higher lows, the stronger the base becomes for an eventual breakout, especially if accompanied by rising volume. A successful breakout would face minimal immediate resistance, increasing the chances of a swift move toward the channel high.
What to expect in the coming price action
If FLOKI maintains its bullish structure on lower time frames and breaks above 0.1144 sats with strong volume confirmation, the next logical target sits at the channel high, representing a potential gain of more than 22 percent. With momentum building, the breakout could occur in the near term.
