Floki Inu is entering a potential long-term accumulation phase, according to analyst Chimp of the North.
The token trades near $0.000094, showing steady consolidation within a key support zone. Technical indicators hint at renewed bullish momentum, with a possible breakout above $0.00010 signaling the start of the next upward move.
Accumulation Phase Forms Around Key Support
FLOKI is showing renewed stability near $0.00009 as buying pressure strengthens around a long-term support zone. Analyst Chimp of the North noted that the token is revisiting a historical accumulation range, commonly identified as a “buy zone” on the weekly chart. The analyst describes this area as one where previous market cycles have bottomed before extended uptrends.
Source:x
According to the analysis, this grey support zone has repeatedly attracted both retail and institutional investors since 2023. The asset has often rebounded from this level, confirming it as a value area. The current setup reflects cyclical market behavior typical of meme coins, where long consolidation periods are followed by sharp upward trends once market confidence returns.
Technical Structure Suggests Gradual Recovery
FLOKI’s daily chart reflects an early-stage recovery pattern after recent weakness. The token is trading near $0.000094 following a rebound from $0.000088. This price action marks a potential shift toward stabilization after several lower highs recorded since mid-September. Rising volume indicates renewed participation, suggesting that buyers are slowly regaining control within the range.
Source: BraveNewCoin
The next resistance zone is positioned around $0.00010, aligning with a previous rejection area. A sustained move above this level could extend the rally toward $0.000112 and $0.000126, both of which served as upper resistance levels in prior trading cycles. On the downside, it maintains immediate support near $0.000087 and $0.000080. These zones are viewed as buffers for short-term corrections as investors monitor price behavior near the accumulation area.
Momentum Indicators Show Balanced Market Sentiment
The Relative Strength Index (RSI) currently stands around 50.67, indicating neutral market sentiment. The RSI’s recent crossover above its signal line at 49.40 reflects a slight tilt toward bullish momentum. This alignment, if sustained, could support a continuation of upward movement in the near term. However, the indicator’s position near the midline suggests the market remains balanced, with neither side showing dominant strength.
Source: Trading View
Trading data shows the altcoin moving between $0.000091 and $0.000095 throughout the session. The narrow trading range points to low volatility and market consolidation. This phase often represents a buildup of strength before a directional move. Analysts view such periods as signs of accumulation when accompanied by steady trading volumes and minimal price swings.
Market Stability Supports Investor Confidence
FLOKI’s 24-hour trading volume is approximately $84.19 million, reflecting consistent engagement from market participants. The token’s market capitalization stands at $909 million, keeping it among the top 130 cryptocurrencies by total value. The stable price movement suggests that investors are showing confidence despite broader market fluctuations.
The intraday structure shows resilience, with price recovering after brief dips early in the session. If buying pressure sustains above $0.000093, the token could test the $0.000095–$0.000096 range in the short term. Conversely, a move below $0.000091 might prompt another retest of recent lows. The current pattern indicates a steady phase of accumulation, reinforcing the outlook that bulls are gradually reclaiming control as the market stabilizes near $0.00009.
