FLOKI Traders Brace for Demand Zone Rally—Will Meme Coin Defy Crypto Cynics Again?

Dog-themed tokens keep barking up the volatility tree—and FLOKI’s latest chart setup suggests another leg up. Key demand zone at $0.00023 held firm despite last week’s market-wide flush, setting the stage for a potential 25% rebound.

Technical indicators flash bullish: RSI bouncing off oversold territory, whale accumulation spikes, and that poetic ’support-turned-resistance’ flip everyone pretends to understand. Meanwhile, Bitcoin’s sideways grind forces bored capital into altcoin casinos—because nothing says ’mature asset class’ like gambling on Shiba Inu knockoffs.

Risk remains: if the demand zone cracks, FLOKI could retest May’s lows. But for now? The degenerate playbook says buy the dip, ignore fundamentals, and pray the music doesn’t stop before your exit.

Source: CoinMarketCap

The wider memecoin market has shed $5 billion in market capitalization over the past ten days.

The daily trading volume also fell by over 20% in the same window. Hence, FLOKI is not alone in enduring the bearish sentiment.

Long-term FLOKI investors could look to add more to their bags

Source: Santiment

The on-chain metrics might offer some hope to investors. At the time of writing, while the price action highlighted a potential range formation, the mean coin age (180 days) was on a steady uptrend in 2025. This could be a sign that longer-term holders have not been moving their FLOKI much. In turn, this could also be a bullish finding, as it signaled HODLer behavior and bullish faith.

Meanwhile, the daily active addresses metric and the transaction volume were both relatively low, compared to the levels they reached in November and December 2024. The transaction count saw an uptick over the past two weeks, accompanied by short-term holders selling as the price jumped 64% from 18 April to 30 April.

Source: FLOKI/USDT on TradingView

The 1-day price action chart revealed the lengthy consolidation phase that FLOKI has witnessed since March. It challenged the same high from early March, but was unable to break beyond this resistance.

Interestingly, this level was the 78.6% Fibonacci retracement level, plotted based on the rally in February and March 2024. The fact that FLOKI has retraced all of the past year’s gains is not a good sign for investors.

After a year where Bitcoin [BTC] went from $50k to touch $108k, FLOKI rallied 1,163%, only to then retrace almost 80% of those gains. This could give investors pause, despite the persuasive arguments from the price chart and the metrics.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion