FLOKI has recently gained significant attention from traders and analysts due to its bullish outlook.

A chart shared by CryptoElites suggests a 14x potential increase in price, backed by a key bottom formation indicating a shift from a downtrend to an uptrend. The asset price is currently positioned within a channel, with analysts anticipating a breakout above resistance levels. If successful, this could lead to massive gains for those entering at current price levels.

Adding to the bullish sentiment, Crypto Peer highlights a strong cup-and-handle pattern on its daily chart, with solid volume supporting the price action. As the token holds above key support levels, it shows signs of smart money accumulation, positioning the token for a potential surge toward $0.000200.

The strong trading volume and technical setup signal the possibility of further upward movement in the near term.

Technical Setup Suggests Bullish Reversal

A key analysis shared by CryptoElites points to a significant bottom formation in the price chart, indicating the potential for a major reversal. This bottom formation aligns with a typical bullish reversal pattern, which often signals a shift from a downtrend to an uptrend. According to the analyst, it is currently positioned within a channel and has a solid chance of breaking through key resistance levels.

FLOKIUSD Chart | Source:x

The bullish outlook is further reinforced by the token’s movement across Fibonacci retracement levels. At present, the altcoin is holding support around the 38.2% retracement level, with a possible breakout towards the 100% level. Should the token continue its upward trajectory, it could reach new highs, resulting in significant gains for investors who enter at the current levels.

Cup and Handle Pattern Provides Bullish Signal

According to Crypto Peer, the price action has shown remarkable strength as it holds above the cup and handle neckline on the daily chart. This chart pattern is widely regarded as a bullish continuation setup, where the price is poised to extend its upward momentum once it clears resistance levels. Additionally, the current positioning above this neckline suggests that the token is in the early stages of a potential breakout.

FLOKIUSDT Chart | Source:x

The analyst highlights that the retest of the neckline has been accompanied by strong trading volume, suggesting that “smart money” is accumulating the asset. This increased volume indicates investor confidence in the asset, with institutional or informed investors likely positioning themselves for higher price levels in the future. As buying momentum strengthens, the altcoin is positioned for an upward move, with analysts predicting a target of $0.000200.

Short-Term Momentum Shows Promise

Over the past 24 hours, the price has shown positive momentum, rising by 1.36%. At the time of writing, the asset is trading around $0.00009296, with approximately $43.44 million in trading volume. This uptick in trading volume indicates growing market interest and suggests that the token is entering an accumulation phase.

FLOKIUSD 24-Hr Chart | Source: BraveNewCoin

Despite experiencing fluctuations in the past few days, the price has remained relatively stable, reflecting healthy market digestion. The absence of extreme volatility points to a steady build-up of buying pressure, which could set the stage for a continuation of the upward movement.

Resistance Levels and Future Price Targets

Looking at the broader technical picture, the next key resistance levels are expected to be around the $0.0000935–$0.0000940 range. As the market continues to accumulate the token, these levels may serve as a benchmark for potential price moves. If it manages to break through these resistance points, the path could be clear for a move toward the analyst-predicted $0.000200 target.

The ongoing price action and the accumulation phase could set the stage for further upward movement, as the market absorbs the token’s recent gains. Analysts are optimistic that its bullish momentum will continue, provided the token maintains its current trajectory and continues to build buying pressure.

As it pushes toward new highs, it may attract further interest from both retail and institutional investors, which could lead to additional price surges.