FLOKI is gaining attention after forming an 11-month accumulation base while trading near $0.00009734, up about 60% in the latest daily session.

The memecoin has repeatedly tested the $0.00004–$0.00012 range, creating a wide consolidation band that analysts say often precedes sharp price moves. Trading volume remains muted compared to last year, suggesting market participants are waiting for confirmation of a decisive breakout.

Analysts highlight that a sustained close above $0.00012 could clear the path toward the previous high near $0.00028 and possibly $0.00080. A weekly close above $0.00033 with rising volume may trigger a bullish rally, while a drop below $0.00004 could invalidate the upward setup and signal renewed downside pressure.

Price Structure Shows Extended Base Formation

The altcoin is trading near $0.00009734 after a 60% daily gain, reflecting steady accumulation over the past 11 months. The token has repeatedly tested the $0.00004–$0.00012 range since late 2024, forming a broad consolidation zone. Earlier, the price surged to around $0.00028 before pulling back and entering a prolonged sideways phase.

Analyst Crypto Peer noted that this kind of extended base often develops before strong market moves. A sustained close above $0.00012 could open the way toward the previous high near $0.00028, while a drop below $0.00004 would challenge the bullish setup. The current structure suggests that market participants are watching for a decisive breakout after months of accumulation.

FLOKIUSDT Chart | Source:x

Trading Volume Indicates Market Caution

Volume trends point to a quiet buildup. While occasional spikes have appeared, overall trading activity remains lower compared with last year’s peaks, showing that investors are waiting for confirmation of the next move. Analysts suggest that a breakout above resistance with increasing volume would validate the setup and reward holders.

FLOKIUSD 24-Hr Chart | Source: BraveNewCoin

Short-term data shows active selling during the latest session. The asset opened near $0.000095 and dipped to about $0.000085, recording a 6.89% loss at one point. Daily trading volume reached about $102 million, underlining persistent seller activity. However, by midday on September 22, buying pressure lifted the token back toward $0.000091, signaling some interest near the lower band.

Key Levels for Near-Term Direction

Market capitalization stands near $877 million with a circulating supply of around 9.65 trillion tokens, maintaining consistent liquidity. However, if the price fails to hold above $0.000091t, a retest of $0.000085 or lower could follow. Sustained strength above $0.00012 remains critical to unlock a move toward higher resistance zones.

The broader memecoin market’s behavior could also influence its short-term direction. Renewed activity among retail traders and speculative flows may provide additional momentum if market sentiment strengthens.

Weekly Chart Signals Potential Upside

The weekly chart shared by analyst Hailey LUNC shows a defined rectangular range between $0.00008 and $0.00033 that has guided price action for nearly a year. Within this structure, it has formed higher lows, creating an inverted head-and-shoulders pattern often associated with bullish reversals.

FLOKIUSDT Chart | Source:x

Hailey indicated that holding support near $0.00012 and breaking above $0.00033 would be essential for a strong upward move. The chart projects a possible advance toward $0.00080 if momentum holds. A successful breakout may include a retest of the former resistance to establish new support before any further rally.

Weekly closes and volume will be key signals for traders watching this setup. A decisive close above the established range, supported by rising volume, would reinforce expectations for an extended upward move and position it as a leading token in the anticipated “memecoin season.”