- FLOKI shows a bullish reversal signal on monthly charts.
- Technical indicators echo a previous rally setup.
- Analysts believe FLOKI could outpace other meme coins in recovering former highs.
FLOKI is showing signs of a possible breakout, according to recent technical analysis. A reversal pattern forming near key support suggests FLOKI might outperform peers this cycle, per analysts.
Crypto commentator BitcoinLFG noted that FLOKI was the only major meme coin to reach a new all-time high earlier in this cycle. The analyst believes the token could repeat that performance as broader market liquidity returns.
This contrasts with SHIB/DOGE, which haven’t revisited peaks. Newer memes like PEPE/BONK hit highs but weren’t part of the previous cycle’s cohort.
As of now, FLOKI is down about 80% from its peak of 0.0003462 and has seen a 66% year-to-date loss. Meanwhile, it has gained over 28% in the past two weeks. As of this press time, it is trading at $0.00005997, up 4.4% in the last 24 hours.
Related: Floki Inu (FLOKI) Price Prediction 2025–2030: Can It Break Above $0.0002 in the Coming Bull Run?
Technical Analysis Points to FLOKI Reversal
A monthly chart of the FLOKI/WBNB pair shows the token forming a base near the 0.00005755 support level. Technical analysts say this structure resembles a reversal zone from FLOKI’s previous breakout. Shorter timeframes show accumulation, and recent price action bounced from a demand zone, potentially setting the stage for a short-term rally.
Historical Patterns Strengthen Bullish Case
Another chart highlights a past pattern where FLOKI consolidated before surging. The current price setup mirrors that structure. Traders refer to this type of setup as a “sponsored candle,” a zone where large buyers typically enter. If confirmed, it could signal growing interest from institutional or high-volume traders.
This historical similarity, combined with support at key price levels, is fueling speculation about a return to previous highs.
Bitcoin Surges to $87K as Bulls Target New Highs
Bitcoin is trading at $87,613, marking a 3.5% gain in the past 24 hours and a 16.6% rise over the last two weeks. The recent price action has reignited bullish sentiment, with analysts closely watching the $90,000 to $92,000 range as the next key resistance level.
Despite the upward momentum, some technical indicators suggest caution. A potential “death cross” — where the 50-day moving average dips below the 200-day average — is forming, historically seen as a bearish signal. However, its impact may be muted if bullish pressure continues to build.
Related: Crypto Market Edges Higher as Bitcoin Crosses $87K; Cardano Eyes Breakout
While macroeconomic uncertainty, including U.S.-China trade tensions, poses broader risks, Bitcoin has demonstrated resilience. A confirmed breakout above $90,000 could strengthen the current rally, while failure to hold above support may open the door to renewed volatility.
If momentum builds and key resistance levels are breached, FLOKI could become the first memecoin in this cycle to revisit its all-time high.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/could-floki-be-the-only-meme-coin-to-hit-new-highs-again/