FLOKI increased by 35% in a day - Is it time to buy?

In the past two days, Floki (FLOKI) has created a wave, drawing attention from traders and investors due to its strong performance.

Data from CoinMarketCap shows that FLOKI has increased by more than 45% in the last 48 hours, including a rise of about 35% in 24 hours, making it one of the highest-performing memecoins in the market.

FLOKI breaks through an important barrier after months of sluggishness

Notably, FLOKI has finally broken through the long-term resistance level, which has caused three separate price declines since the beginning of 2025.

This time, the upward trend seems more sustainable, driven by a decisive breakout, increasing interest in the blockchain game Valhalla, strong momentum on Ethereum, and ETH-based memecoins.

On-chain indicators optimistic and current price momentum

With recent developments, the sentiment of traders and investors has shifted to optimism. They seem to be heavily betting on the upward trend and large capital is flowing into memecoin.

According to blockchain company CoinGlass, the open contract (OI) of FLOKI surged 117% to 85.56 million USD, marking the highest level in the past 12 months.

The main liquidation levels are $0.000121 on the downside and $0.0001414 on the upside.

At these levels, traders are using excessive leverage, with Long positions worth $1.55 million and Short positions worth $781,000. This data shows that traders are leaning towards a bullish trend.

Source: CoinGlassAccording to IntoTheBlock, whale transactions from $100,000 to $1 million have surged by 2,633.33%. This strong increase raises an important question: Is this the right time to buy – or has the opportunity passed?

Source: IntoTheBlockCurrently, FLOKI is maintaining a stable price around $0.0001330, an increase of about 35% in the past 24 hours.

During this period, the participation of investors and traders surged, leading to a trading volume increase of 450%, reaching 823.65 million USD.

FLOKI Price Movements and Important Levels to Watch

Technical analysis shows that FLOKI is in an uptrend and has recently broken through the strong resistance level of $0.000115.

After the breakout, this memecoin seems to be consolidating its price horizontally.

Source: CoinGlassFLOKI could increase by an additional 20%, targeting $0.000162 and even $0.000205 if the upward momentum continues.

However, with the RSI index currently around 77, this asset is in the overbought territory. This indicates the possibility of a price correction in the short term before the next price increase.

Vincent