Floki (FLOKI) Price Prediction: Will FLOKI Price Surpass Its ATH as the Market Interest Rises?

In the past 24 hours, Floki [FLOKI] has surged 24% amid rising market interest, marking the second leg of a rally that saw a 42.5% increase over the last week.

FLOKI [FLOKI] continued its rally on 23 March, surging another 24% amid rising market interest. This surge marked the second leg of a rally that saw FLOKI up by 42.5% over the last week.

With current price action showing strong upward momentum, AMBCrypto’s analysis suggested the rally could continue. However, mixed market sentiment left open the possibility of volatility.

FLOKI charts a bullish roadmap

At press time, FLOKI showed bullish momentum, breaking out from a bullish triangle pattern. This technical formation is usually a signal that the asset could begin trading higher from its current level.

As the rally progresses, FLOKI will face a major resistance at $0.000208749, where significant sell orders are likely positioned and may limit further gains.

However, if this level is surpassed, FLOKI could rally toward $0.000349000—its highest point since launch, and a major target.

Technical indicators are also showing strength. The Parabolic SAR, with dots forming below the price level, suggests an upward trend.

Meanwhile, the Money Flow Index (MFI), which measures capital inflows, has risen to 74.03, indicating strong buying interest and significant liquidity entering the market.

Source: TradingView

If these bullish metrics persist, FLOKI may surpass its current target, potentially reaching a new all-time high.

Bullish potential for FLOKI?

According to an analyst’s chart, FLOKI has been trading within a consolidation phase and may soon follow a bullish path, similar to other tokens in the market.

This consolidation phase is characterized by a descending channel, which is typically a bullish pattern.

If FLOKI breaks out of this channel, it will face a major resistance zone, highlighted by an orange rectangle on the chart, that has previously limited upward movement.

However, the analyst noted that if FLOKI can overcome both resistance levels, it could be set for a new all-time high.

Whales remain neutral as retail traders sell FLOKI

Current metrics suggested that whales have remained relatively neutral in their engagement with FLOKI, showing a balance in their activity.

The “Bulls and Bears” indicator from IntoTheBlock, which gauges market sentiment among large holders, showed neutrality as an equal number of whales were both buying and selling.

Source: IntoTheBlock

In contrast, retail traders appeared to be selling, as indicated by a spike in active addresses and long liquidations totaling $587,290.

This trend suggests that the majority of the market participants have adopted a bearish market stance, which could pressure FLOKI’s price downward.

The above is the detailed content of Floki (FLOKI) Price Prediction: Will FLOKI Price Surpass Its ATH as the Market Interest Rises?. For more information, please follow other related articles on the PHP Chinese website!