FLOKI eyes $0.000200 as cup & handle sparks bullish rally

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FLOKI
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FLOKI is showing short-term bullish signs, and recent trading activity points to a possible upward move. After clearing 12-hour liquidity within the 3D support and resistance zone, the token now trades above key levels. Analysts believe it could retest resistance near $0.00011514.

A clear Cup & Handle pattern is forming on the daily chart, and strong volume is backing the neckline retest. Holding above the 3D support and resistance zone could drive the price toward $0.000200. With a market cap of $942.22 million, the token stays in the top 120 digital assets. 

In the last 24 hours, trading volume crossed $79.76 million, showing steady market interest even though the price dropped 3.69% to $0.00009876. The token looks stronger as most of its moves come from liquidity and investor activity. The number of holders has crossed 556K, showing growing support from the community.

Technical indicators point toward resistance levels

The Scient’s analysis shows that the asset is holding above its support zone and recent lows, creating a base for further price movement. If FLOKI stays above this key 3D support/resistance zone, it could move toward the $0.00011514 target range.

Source: X

If the price fails to hold this level, it could face downward pressure and weaken the current optimism. But if it holds support, it may push toward the resistance near $0.00013299. Analysts see these levels as crucial to deciding the next move. 

The Cup & Handle formation on the daily time frame is considered very bullish. The price fluctuates just above the neckline, and robust demand during the retest, evident in the form of volume, confirms strong buying pressure. Analysts consider the possibility of resulting upside momentum if the formation remains intact. 

Source: X

FLOKI peaks $0.0000102 as volume signals potential next move 

The token briefly peaked above $0.0000102 before a small pullback. Despite this, trading volume stays strong, showing active investor participation. The price is consolidating in a narrow range, which means it could either move higher or dip slightly depending on market reaction.

With a market cap of $975.38 million, FLOKI holds its place among the top assets. Traders are closely watching the volume, as any rise in buying pressure could support the next upward move. To see more gains, the price needs to break above the resistance level. 

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Ahsan Nusrat is an experienced crypto writer with over 3 years of experience covering blockchain, crypto market trends, and Web3 developments. He focuses on breaking down complex topics into clear, engaging content for both new and experienced readers. Beyond BTCRead, Ahsan has also written for NewsBTC and contributed to various crypto PR projects.
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