FLOKI’s Momentum Shift: Is a 20% Price Surge Imminent?

FLOKI's charts are flashing green—and traders are leaning in. After weeks of sideways action, the meme coin’s technicals hint at a breakout. Could this be the start of a 20% rally?

Signs of life in the charts

RSI curling up from oversold, volume ticking higher—classic momentum shift. No guarantees, but the setup looks ripe for a swing.

The cynical take

Because nothing says 'sound investment' like a dog-themed token defying gravity (again). Just don’t mortgage the house.

Bullish structure break for FLOKI gives a promising start to July

Source: FLOKI/USDT on TradingView

On 29 June, FLOKI ROSE past the previous daily lower high at $0.0000754, thereby making a bullish market structure break. This was followed by higher lows and a higher high, keeping the bullish structure intact.

At the time of writing, although the moving averages highlighted bearish momentum, the price was above the 50 DMA.

At the same time, the RSI also fought its way back above the neutral 50-mark. This gave some glimmer of hope to investors that July could be bullish for the popular memecoin.

Source: FLOKI/USDT on TradingView

The bullish 1-day momentum meant that the 4-hour chart was worth investigating. AMBCrypto found that the local supply zone at $0.00008, which had rebuffed FLOKI bulls since mid-June, has since been breached. Hence, a retest of the $0.000078-$0.000082 area could present swing traders with a buying opportunity.

The next local resistance appeared to be at $0.0000987, just under the psychological resistance. Traders can seek to book profits when FLOKI’s price nears the $0.0001-level, while also waiting for further price action developments.

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