The meme coin, long considered one of the most resilient in its category, has broken above a falling wedge pattern that could mark the start of a trend shift toward higher levels if buying momentum holds.

Recent Highlights: Identify Bullish Breakout

In a detailed chart shared by analyst Crypto Joe on X, FLOKI/USDT has formed a clear falling wedge pattern—a technical setup known for signaling bullish reversals. The asset’s price had been narrowing between converging support and resistance levels, forming lower highs and lower lows before an eventual breakout above the wedge’s upper boundary.

Source: X

Crypto Joe’s analysis highlights that the breakout occurred near $0.00007415, confirming early strength after a consolidation period. Volume spikes seen at the moment of breakout reinforce the reliability of this move, suggesting renewed buying interest.

The analyst’s upside projection targets $0.00008743, aligning with classical wedge breakout measurements, while also pointing to the next resistance zone that could attract further accumulation if the price maintains its upward momentum.

This breakout marks a potential shift in sentiment for the asset, which has been under pressure for months. A sustained move above the breakout line would confirm the bullish reversal structure, but a drop back into the wedge could invalidate the setup and signal continued weakness.

Market Data Shows FLOKI Holding Above $0.000073

According to BraveNewCoin, the token currently trades at $0.00007333, up 0.33% in the last 24 hours. The token maintains a market capitalization of $708.07 million and a 24-hour trading volume of $90.62 million, ranking 133rd among cryptocurrencies. FLOKI’s circulating supply stands at 9.65 trillion tokens, with price stability suggesting equilibrium between short-term buyers and sellers.

Source: BraveaNewCoin

Despite limited movement, the current stability may indicate that sellers are losing momentum as the market digests recent corrections. Trading volume consistency shows ongoing interest, with the asset continuing to attract active holders amid broader market uncertainty.

If buyers can defend the $0.000072–$0.000073 region, this area could serve as a foundation for the next price advance, especially if technical confirmation from the wedge breakout sustains in the coming sessions.

Technical Indicators Reflect Neutral Momentum with Bullish Potential

On TradingView, the FLOKI/USDT pair closed at $0.00007309, showing modest consolidation following earlier volatility. The broader range between $0.00001544 and $0.00015777 illustrates the token’s historically wide trading window, offering flexibility for both short-term traders and long-term holders.

Source: TradingView

The Bulls vs. Bears Power (BBPower) indicator currently sits at –0.00000080, signaling mild bearish dominance but lacking decisive momentum. The subdued strength on both sides suggests a neutral market environment that could favor an eventual bullish shift if buying pressure intensifies.

Meanwhile, the Chaikin Money Flow (CMF) reading of –0.10 confirms a slight capital outflow but not aggressive selling. This hints at cautious participation, where moderate inflows could quickly tip momentum in favor of buyers.

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Filed under: Bitcoin - @ October 24, 2025 8:14 pm