While bearish pressure has capped price action for much of 2025, new technical readings suggest that consolidation may be approaching a resolution, with both upside and downside scenarios firmly in play.

Long-Term Downtrend Still Weighs on Sentiment

A recent daily chart view highlights the importance of the descending trendline that has defined FLOKI’s price action since early 2025. Stretching from highs near $0.00032, the line has acted as a ceiling for multiple failed breakout attempts.

This persistent rejection confirms bearish control, with lower highs and lower lows dominating since the token’s peak enthusiasm phases in 2024.

Source: X

The chart also draws attention to the large sideways consolidation box between mid-2024 and early 2025. Price moved in a range before breaking lower, triggering the sustained downtrend that followed.

More recently, the crypto tested and briefly defended a critical horizontal support level at $0.00003564, but bounces from this zone have struggled to gain momentum, with sellers overpowering buyers at the trendline.

Market Update Shows Resilience Amid Pressure

According to market data, FLOKI is currently priced at $0.00008538, marking a 1.82% increase over the last 24 hours. Its market capitalization stands at $824.9 million, with a 24-hour trading volume of nearly $75 million, indicating that despite subdued price action, liquidity remains robust.

Source: BraveNewCoin

With over 9.65 trillion tokens in circulation, the token’s large supply base has historically contributed to high volatility during both rallies and corrections. While the current price sits far below its cycle highs, its ability to stabilize above the $0.00008000 region is viewed as encouraging, particularly when compared with the deep sell-offs seen earlier this year.

This chart underscores that, while the asset has not escaped the weight of its long-term downtrend, it has managed to hold onto a support zone where buyers have historically defended the asset.

Symmetrical Triangle Points to Pending Breakout

A separate chart perspective paints a slightly different picture, emphasizing FLOKI’s ongoing consolidation within a large symmetrical triangle pattern. Support has consistently held near $0.00007000, with resistance forming along the descending trendline. The narrowing structure indicates that the token is nearing a decisive breakout moment.

Source: X

The base of the triangle shows repeated accumulation, evidenced by long candle wicks rejecting lower levels. This suggests that buyers remain active, even as bears keep the price capped below the resistance level. Such equilibrium between buying and selling pressure is often a precursor to significant volatility.

If the asset manages a confirmed breakout above the triangle resistance, technical projections highlight a potential surge toward $0.00025000–$0.00030000, representing a dramatic upside move. Conversely, if support breaks down, the next downside target could sit closer to $0.00006000, revisiting levels not seen in months.

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Filed under: Bitcoin - @ October 2, 2025 8:23 pm