TLDR

FLOKI price has decreased by 5.9% in the last 24 hours, now at $0.00003812.
The price fluctuated, briefly rising to $0.00004046 before declining steadily.
Despite the price dip, FLOKI’s trading volume surged by 53.17%, reaching $59.49 million.
Market analysts suggest a potential change, with FLOKI nearing a key support zone in its descending channel.
Key target levels to watch for are $0.000052, $0.000078, $0.000117, and $0.000160.

For a month now, the FLOKI price has been trending lower, with a 4% dip. During today’s Asian trading session, the meme coin opened at $0.00003899 and then traded in an up-and-down manner. However, market analysts have hinted at a potential change following the formation of a historical downtrend channel that followed a pullback.

FLOKI Price Dips 5.9% in 24 Hours

At the time of writing this article, CoinMarketCap data reveals that the price of FLOKI has decreased by 5.9% in the last 24 hours, now standing at $0.00003812. Throughout the observation period, the price fluctuated.

Source: CoinMarketCap

The FLOKI price briefly rose to about $0.00004046 before declining steadily. This dip followed an earlier surge, reflecting a moderate price movement. FLOKI’s market cap has decreased by 5.9% to $363.72 million.

Despite the price drop, FLOKI’s trading volume has increased by 53.17% over the past 24 hours, reaching $59.49 million. The volume-to-market cap ratio stands at 16.1%, suggesting relatively high trading activity relative to market value. The price chart displays a period of decline, with the value steadily decreasing throughout the timeframe.

FLOKI Nears Key Support: Bullish Reversal Expected Soon

While current market data indicates negative price performance, market analysts have identified a potential change. According to Jonathan Carter’s observation, the FLOKI price chart shows the price moving within a descending channel. The FLOKI price has consistently bounced between the top resistance zone and the bottom support zone.

Source: X

Currently, the price is approaching the support zone, where it has previously found buying interest. FLOKI price action shows that the market is defending this key support zone, indicating a potential shift in momentum towards the bulls. As the price nears the midline of the descending channel, a bounce is becoming more likely. This shift could lead to an upward move.

The key target levels to watch for are $0.000052, $0.000078, $0.000117, and $0.000160. These levels represent potential areas of resistance where the price could face challenges. The FLOKI token is currently at a critical point in the descending channel. If the support holds, the price could rise toward these targets, reflecting a possible trend reversal.

The post FLOKI Price Dips 5.9% as It Tests Key Support: Is a Bullish Bounce on the Way? appeared first on Blockonomi.

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Filed under: Bitcoin - @ January 30, 2026 10:08 am