Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Making a 6% weekly uptick, FLOKI recently ripped higher after Elon Musk posted an AI-generated video of his Shiba Inu “Floki” sitting at a CEO desk, reigniting meme-coin risk appetite even as the broader crypto market slipped 3%.
Within hours, FLOKI’s price jumped nearly 30% and 24-hour volume exploded 780–817% to roughly $656–$662 million, lifting the token to an intraday high near $0.000088, its best level in almost two weeks.
Related Reading: All It Took Was A Tweet: FLOKI Jumps 27% After Musk Mentions It
Mentions across X, Reddit, and Telegram climbed 65%, while crypto’s Fear & Greed Index nudged from Fear (37) to Neutral (52), signaling fresh retail participation. Dogecoin (DOGE) and Shiba Inu (SHIB) logged modest gains, but FLOKI led meme coins by a wide margin. Breakout Case vs. Bull-Trap Warnings
Technicians say FLOKI is retesting a pivotal demand band around $0.00008. A daily close and hold above $0.000075 keeps the breakout thesis alive toward $0.00009, with $0.00010 on the table if momentum and volumes persist.
Open Interest surged 162% to about $37.5 million, and long-side liquidations wiped out $275K in shorts during the squeeze. On Binance, negative funding suggests crowded shorts paying to stay positioned, fuel for further upside if price grinds higher.
Still, some analysts flag bull-trap risk. The RSI tipped into overbought (>70) during the spike, a zone that historically invites cooling moves; a quick reset back into the 50–70 band would be a healthier springboard.
Liquidity “heatmaps” show dense clusters both above and below spot, implying two-way volatility as the price hunts orders before choosing direction. If FLOKI fails to reclaim/hold $0.00009, technicians eye pullbacks toward $0.000072, with a deeper bear case pointing to $0.00004 if risk aversion returns.
FLOKI"s price records some losses after a small push upwards on the daily chart. Source: FLOKIUSD on Tradingview Key FLOKI Levels as the Market Slips 3%
Currently, FLOKI hovers around $0.0000737, down 12% on the day, mirroring the broader market downturnwith Bitcoin near $107,000 and Ethereum around $3,800.
In the near term, traders are watching key technical levels that could dictate FLOKI’s next move. Immediate support sits between $0.000072 and $0.000070, with a deeper downside risk toward $0.00004 if momentum fails to hold.
Related Reading: CryptoQuant’s Moreno Eyes Bitcoin At $195,000 If This Happens
The $0.000080 level acts as the crucial pivot point, a decisive close above it would strengthen the bullish trend and open the path toward higher targets. On the upside, resistance lies at $0.00009, followed by $0.00011 if buying volume expands.
With liquidity thin and sentiment still fragile after recent liquidations, celebrity-driven spikes can overextend quickly. However, if flows remain constructive, negative funding persists, open interest stays elevated, and spot demand confirms, FLOKI’s rally could reignite, potentially surpassing the psychological $0.00009 level.
Cover image from ChatGPT, FLOKIUSD chart from Tradingview