Key Takeaways
Floki (FLOKI) shows early signs of a trend reversal following months of bearish correction.
Recent daily and 4-hour timeframe developments suggest that FLOKI may have completed its corrective wave structure and is now initiating a new impulsive sequence.
This analysis combines higher and lower timeframe perspectives to outline the market context and forecast potential scenarios.
FLOKI Price Analysis
The daily chart reveals that FLOKI has likely completed a large W-X-Y corrective structure since the all-time high of $0.00034 in June 2024.
On March 11, the price reached a low bottoming in a major demand zone between $0.000053, after which we saw a breakout above the descending wedge.
Consolidation followed as the price moved sideways between $0.000053 and $0.000064. Today, it reached a higher high above $0.000070.
This region held critical support since mid-2023, and the price bounced strongly upon retesting it in March 2025.
Wave Y appears complete, supported by a bullish Relative Strength Index (RSI) divergence that formed at the March low after reaching the oversold zone.
The daily RSI has shifted above the 50 neutral line for the first time in months, suggesting renewed buyer momentum.
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If this upward momentum holds, the next logical target resides at 0.00011210, key horizontal resistance and former support.
Above this, 0.00019172 becomes the next major level in the medium term.
FLOKI Price Prediction
Zooming into the 4-hour chart, the rebound off the green support zone has taken a clear, impulsive structure.
We are currently in the midst of an impulsive five-wave advance from the $0.000053 lows, with waves (i), (ii) likely completed.
According to the count, FLOKI is now developing its wave and (iii) reaching a high of $0.0000775 on March 26.
The minor correction observed today may be wave (iv), which could find support in the 0.00006843 region before a final wave (v) raises the price.
Wave (iii) already exhibited strong bullish expansion, suggesting robust momentum behind the move.
Based on Fibonacci extension projections, wave (v) could extend to around 0.00011210—the 1.618 extension of wave (i).
This also coincides with prior horizontal resistance, further reinforcing its significance.
With continued bullish momentum, the price could overshoot this level slightly before entering a more meaningful corrective phase.
However, a breakdown below 0.00006843 would invalidate the impulsive scenario and suggest a deeper pullback, likely again into the 0.00005622 support zone.
The RSI on the lower time frame remains elevated but not overbought, giving some room for a potential final push higher.
Volume confirmation on the next leg up will be critical in validating wave (v)’s strength.
If momentum continues building as projected, FLOKI may be primed for sustained recovery—revisiting key levels from its prior range.
Key Levels to Watch
- Immediate Resistance: 0.00011210 (1.618 Fib extension).
- Key Support: 0.00006843 (horizontal and Fib cluster).
- Critical Support: 0.00005622 (cycle low and base support).
- Short-Term Target for Wave (v): 0.00011210 and possibly higher.
- Invalidation Zone: Below 0.00005622, negating impulsive scenario.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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