FLOKI could increase 5 times if the bulls reclaim the resistance zone

The price of FLOKI has bounced back from an important macro support zone and is currently approaching a significant resistance zone. Combining bullish signals across multiple timeframes indicates a strong breakout potential. Notably, analysts believe that the price may be set to rise fivefold if it surpasses the resistance at $0.000087.

FLOKI bounces back from macro trend line support

FLOKI continues to respect the green bullish trend line established since the end of 2022. Each correction near this trend line leads to strong bounce backs. The most recent recovery occurred when the price approached the bottom of the long-term accumulation zone.

Notably, the macro chart from Solberg Invest shows that FLOKI is forming a similar pattern just below the red resistance zone at the level of 0.000087 dollars.

In the past, strong bullish phases have all started from this accumulation zone, leading to a vertical breakout up to $0.00026 and beyond. If the price surpasses this resistance level, historical trends suggest that FLOKI could quickly return to previous macro highs.

Source: Solberg InvestTherefore, the price zone from 0.00026–0.00034 dollars previously acted as a peak in early 2024. This area also aligns with Solberg's forecast that FLOKI could bounce back 5 times from the current level. Furthermore, trading volume is increasing in recent bounce backs, indicating new demand and accumulation activity occurring just below the resistance zone.

Bullish wedge pattern FLOKI confirms reversal potential

Meanwhile, the descending wedge pattern on the weekly chart of FLOKI further reinforces the bullish structure. According to SHIB Knight's analysis, this is an important reversal signal.

This pattern forms when higher lows press against a descending resistance line, creating a narrowing trading zone — this is often a signal for a strong breakout if the price rises above resistance.

Source: SHIB KnightThe breakout target is forecasted to reach $0.0004, based on technical measurements from the descending wedge pattern. This pattern sits just above the macro trend line, establishing a solid structural foundation for the bullish momentum. The convergence of support zones here indicates a very high probability of a reversal.

Moreover, this trend has been established over the past few weeks, with each peak and trough being stronger than the last. SHIB Knight emphasizes that the longer the formation of the pattern takes, the more reliable its outcome becomes. A strong bullish move could occur if FLOKI breaks through the upper resistance line of the wedge pattern.

Regaining the 0.000087 dollar is a signal breakout

Jelle is also focused on reclaiming the zone around the level of 0.000087 dollars — a strong resistance zone during the period from May to June. The price of FLOKI is testing this zone again after clearly breaking the downtrend line.

On the 12-hour chart of Jelle, this zone is marked by the white zone. Just below this zone, the price of FLOKI is narrowing with smaller candles and higher lows. This indicates that the selling pressure is gradually fading, while the buying momentum is becoming increasingly strong.

Source: JelleIn the case of successfully reclaiming the resistance zone of $0.000087, the next price level that needs to be retested will be $0.0012, which is the peak of the previous trading range. Jelle explains that if this price level is converted into support, the trend of FLOKI could be completely reset. Historical liquidity clusters also coincide with the zone that needs to be reclaimed, further strengthening the importance of this price point.

Unlike previous rejections, this test is receiving more support on shorter time frames. The price has broken out of the previous descending wedge pattern and is entering a consolidation phase. This price foundation building process indicates that the market has confidence in the potential to continue to rise.

Experts predict FLOKI will rise to 0.00034 dollars

In addition, the weekly macro chart of Crypto Peer also reinforces the bullish argument. Analysis indicates the repetition of the breakout pattern of FLOKI that occurred in 2023 and early 2024. In both cases, the price was compressed under the resistance zone (red) before bouncing back strongly.

The current structure is accurately repeating this behavior: the price of FLOKI continues to bounce back from the green uptrend line and is narrowing just below the horizontal resistance zone. On Peer’s chart, the breakout arrow is pointing directly to the mark of $0.00034.

Notably, this forecast is entirely based on the repetition of the structural pattern – no technical signals or additional assumptions have been provided. The goal of a 5x increase is reinforced by Peer’s belief in the model's data — the price movement of FLOKI is aligning almost perfectly with previous cycles, down to each candle.

Minh Anh