FLOKI Eyes Key Price Zones—Here’s Where Traders Should Place Bets

Memecoin mania isn’t dead—it’s just waiting for the next liquidity pump. FLOKI, the Shiba Inu-adjacent token that somehow became a ’serious’ investment, is testing make-or-break levels this week.

Watch the $0.00023 support like a hawk. If it cracks, the 20% drop to $0.00018 could happen faster than a VC dumping their seed allocation. Conversely, a bounce here might fuel another speculative frenzy toward $0.0003—because nothing says ’sound money’ like a dog-themed coin with unlimited supply.

Pro tip: Track BNB chain whale activity. Half these meme rallies get rug-pulled the moment retail FOMO peaks. Stay nimble, and maybe keep some dry powder for when the ’fundamentals’ crowd finally admits it’s all a casino.

The high demand for FLOKI could make for another 22% rally

Source: FLOKI/USDT on TradingView

FLOKI presented a bearish order block at $0.0000695, formed by the lower high formed in March.

Highlighted in cyan, this area was breached in April and nearly retested as a demand zone a week ago. The MOVE beyond this area meant it was now a bullish breaker block.

This bullish structure break and the sustained rally in May came alongside increased demand for FLOKI. The OBV has broken above the local highs formed in February and retested unsuccessfully in April.

Similarly, the CMF was well above +0.05 to indicate strong capital inflows to the market.

FLOKI had been in a downtrend since mid-December.

The rally past the bullish breaker block and the heightened demand meant that the 61.8% Fibonacci retracement level, plotted based on the November rally, was the next bullish target.

Source: Coinglass

The 3-month liquidation heatmap highlighted the build-up of liquidation levels around the $0.000107 area, the highs from February. This magnetic zone has successfully pulled prices higher.

Source: Coinglass

Zooming in, the 1-week liquidation heatmap showed where the next price move could go. The $0.0001 and $0.000092-$0.000095 area was found to be liquidity clusters that could be swept in the coming days.

A dip to these levels WOULD likely see a bullish reaction. Traders and investors can be prepared for this possibility while keeping an eye on Bitcoin, just in case its trend turns bearish and adversely affects FLOKI.

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