After months of correction, FLOKI appears to be entering a decisive phase that could determine its next major trend. The popular meme coin, known for its strong community following and speculative appeal, is consolidating near historical demand zones that have previously triggered powerful rebounds.
Analysts suggest that this period of low volatility may precede a significant shift in market momentum, with both bulls and bears watching closely for confirmation of the next breakout or breakdown.
Long-Term Structure Points to Accumulation Zone
In a recent X post, analyst Chimp of the North highlighted that FLOKI’s long-term chart still sits within a crucial demand zone that has repeatedly triggered rebounds since mid-2023. This range continues to act as a major accumulation region, where long-term investors appear to be absorbing supply after extended correction phases. Despite the 2024 downturn, the coin remains technically above historical support, a structure often seen before large upside moves.
Source: X
The analyst noted that while downside pressure persists, momentum appears to be slowing. His comment, “It ain’t done imo,” reflects growing confidence that the coin may be nearing the end of its correction. The pattern suggests that once consolidation stabilizes, the token could gear up for another bullish phase.
If buyers successfully defend this zone, the asset may target a retest of mid-range resistances between $0.00001500–$0.00002000, marking an early signal of strength. However, any breakdown below the current range could open the door for further retracement, making this an important decision point for traders watching the meme coin’s next move.
Market Data: FLOKI Struggles to Regain Momentum
According to BraveNewCoin data, the coin trades at $0.00007100, down 3.82% over the past 24 hours, with a market capitalization of $686.5 million and trading volume of $171.8 million. Despite recent losses, the asset I continues to rank among the top meme tokens by market cap, reflecting steady community backing and speculative interest.
Price activity remains subdued as traders weigh broader market sentiment and liquidity conditions. Short-term volatility has narrowed, suggesting that participants may be waiting for a decisive move out of consolidation before committing to new positions.
Technical Indicators Signal Bearish Bias but Potential Reversal Setup
The FLOKI/USDT daily chart on TradingView paints a mixed technical picture. The token’s price remains locked near $0.000071, with visible rejection from the $0.000157 high earlier this month. The BB Power indicator shows a negative reading of around –0.00000377, signaling continued weakness in buying pressure and limited momentum for upward continuation.
Source: TradingView
However, while bearish momentum dominates, the Chaikin Money Flow (CMF) value of –0.10 indicates possible exhaustion among sellers, as outflows have started to slow. This aligns with the accumulation theme highlighted by analysts, suggesting the token may be forming a base before the next potential move.
For bullish traders, a confirmed breakout above $0.00008000 could shift sentiment toward recovery, while failure to hold $0.00006500 may deepen short-term downside risk. As the market awaits confirmation, the asset remains in a delicate balance between further correction and the early stages of a trend reversal.
