The memecoin market is seeing a resurgence, with FLOKI emerging as a major potential winner. Strong technical signals and growing community enthusiasm hint at a possible explosive rally. Could we be on the brink of a price surge? Analysis.
Despite a recent strengthening of the market, with Ethereum (ETH) rising by over 53% in a month, the bullish momentum of cryptocurrencies appears to be fading. Ethereum has fallen below $2,350 after hitting a local peak at $2,700, creating a climate of widespread uncertainty. This correction particularly affects highly volatile assets like memecoins, including FLOKI.
With an impressive monthly increase of over 66%, FLOKI positions itself as one of the top-performing memecoins in this cycle. While the memecoin sector remains highly speculative, Floki stands out due to the strength of its chart patterns.
Currently, the price of FLOKI has revisited a key area from a classic technical pattern: the Cup & Handle configuration. This pattern, well-known to chartist analysts, often signals a sustained bullish reversal when the breakout is confirmed.
On the daily unit, FLOKI has perfectly formed a Cup & Handle pattern. This structure began with a rounded base, forming the “cup,” followed by a pullback in the shape of a “handle,” which formed around $0.000070.
The bounce occurred on the 100-day moving average, bringing a positive technical signal. The breakout of the neckline at $0.000092 was then crossed with volume, validating the pattern breakout.
Key technical levels to watch:
This return to the breakout zone is not unusual — it is a known technical retest referred to as a “throwback,” often indicating a new bullish phase if buyers regain control.
Currently, FLOKI is stabilizing around $0.000092, a key level that could initiate a new uptrend if trading volumes intensify.
Technical targets in case of a rebound:
However, the short-term trajectory will largely depend on Ethereum’s evolution. If the weakness of the leading smart contract platform persists, it could exert additional pressure on memecoins as a whole.
In summary:
Such patterns usually attract technical traders, as well as long-term holders looking to position themselves favorably before a potential bullish rally.
How to Buy FLOKI on Weex ?
Before investing, it is recommended to thoroughly analyze the market and adjust your strategy accordingly.
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