EtherNasyonaL and Hailey LUNC highlight consolidation above crucial supports, suggesting accumulation before a possible surge. Despite a brief 3.20% dip, the structure indicates renewed investor confidence and potential for a strong upside move toward 2021 highs.
FLOKI is showing signs of a potential breakout as analysts spot bullish formations near key trendlines.
Floki Maintains Long-Term Uptrend Structure
Analyst EtherNasyonaL described the current setup as “the calm before the viking storm,” referring to the steady uptrend that has persisted since the 2022 lows. The long-term chart shows that every retracement since then has served as a preparation phase for renewed upside activity. Each higher low formed along the ascending trendline reinforces the broader bullish trajectory, suggesting that the underlying market structure remains intact despite recent pullbacks.
Source:x
The analysis identifies a clear rising channel that has guided the token’s price for over two years. As the token trades near the lower end of this channel, many traders interpret this level as an accumulation zone. Historically, similar formations have preceded rallies in which the price advanced toward upper resistance regions. The reappearance of the 2021 all-time high (ATH) supply zone on the chart adds to the technical outlook, with EtherNasyonaL suggesting that this area could become the next major target if upward momentum continues.
Breakout Setup Gains Momentum
At the same time, analyst Hailey LUNC noted that the altcoin is approaching a potential breakout point after tightening near a descending resistance trendline. The token has been forming lower highs since early 2024, but the recent price movement above that barrier signals growing bullish momentum. Current price action around $0.000098 suggests that it is consolidating above a historical support zone, which has repeatedly acted as a turning point for previous reversals.
Source:x
Hailey added that a decisive breakout could establish a strong upward continuation phase, mirroring the accumulation patterns seen in earlier bull cycles. A breakout supported by higher trading volume could encourage renewed buying interest and a test of the next resistance levels between $0.00012 and $0.00015. The setup aligns with a classical reversal formation, which often marks the transition from consolidation to renewed expansion.
Current Market Performance and Price Stability
FLOKI recorded a 3.20% decline over the last 24 hours, trading near $0.00009481. Despite the modest pullback, the market remains active, with a 24-hour trading volume of about $114.75 million and a total market capitalization of around $917 million. The movement shows mild profit-taking after prior gains, with the price stabilizing near short-term support.
Source: BraveNewCoin
The chart indicates that the asset briefly rose above $0.000095 earlier in the session before retreating. The inability to maintain that momentum suggests cautious sentiment among traders, who are awaiting stronger directional signals. However, the price appears to be holding within a narrow range, suggesting a temporary consolidation phase before a potential shift in volatility.
Key Levels to Watch Ahead
If the token sustains support above $0.000093, analysts anticipate a short-term recovery toward $0.000098, where resistance has formed. A close above this level could strengthen the bullish case and position it for a gradual retest of higher zones. Conversely, if the token falls below the $0.000093 threshold, it may open a path toward $0.000090, where previous buying activity emerged.
Overall, the technical landscape suggests that FLOKI remains in a long-term upward trend, with price compression indicating potential energy accumulation for the next move. The continuation of higher lows along the trendline supports the outlook that the token may be preparing for a rebound phase. Analysts watch if the consolidation turns into a recovery toward the 2021 ATH, with the rising trendline guiding direction..
