The token dropped over 13% in the past 24 hours, reaching a low of $0.000121 before recovering to $0.0001338.

Analysts provided chart insights showing both long-term bullish setups and short-term liquidity sweeps. With FLOKI now trading near the 61.8% Fibonacci support level, traders are monitoring whether the asset can rebound and target higher levels in the coming sessions.

The recent breakout from an ascending triangle pattern on the monthly chart suggests FLOKI Price could reach $0.0126 if momentum holds. However, intraday pressure and trendline breakdowns have introduced caution. Market watchers remain focused on volume and structure for confirmation of a sustainable rally.

Floki Price Slips 13% But Analysts Remain Bullish Long Term.

Floki (FLOKI) Price recorded a sharp 13.01% decline over the past 24 hours, trading at $0.0001338 after falling from intraday highs near $0.0001401. The sell-off brought the token down to lows just below $0.000121 before recovering slightly into the close. This movement marks a short-term bearish trend, with lower highs and lower lows on the intraday chart.

Source:BraveNewCoin

The 24-hour trading volume reached $534.1 million, reflecting strong activity throughout the session. This surge in volume accompanied the decline, suggesting selling pressure increased across key levels. The rebound in the final trading hours showed some buyer interest returning, although momentum remained weak. Floki’s market capitalization currently stands at over $1.29 billion, with a circulating supply of over 9.66 trillion tokens.

Fibonacci-Based Setup Suggests Long-Term Upside

A monthly chart shared by analyst @Wgist2 points to a bullish longer-term setup for Floki. According to the chart, the token has broken out of a multi-year ascending triangle pattern, which has acted as structural support since 2022. The formation shows consistently higher lows converging toward a horizontal resistance line, which FLOKI Price recently tested near the $0.000013667 level.

Source:X

The analyst projected a potential move toward $0.01268892 based on Fibonacci extension levels, with the 141.4% extension aligning with that price area. The 61.8% retracement zone around $0.00001306 appeared to provide strong support, acting as a springboard for the most recent upward attempt. If FLOKI Price holds above this level and confirms the breakout with volume and structure, a continuation toward the long-term target may be possible.

Analyst Views Diverge on Short-Term Trend

While the broader outlook remains constructive, short-term analysis shared by analyst @Tryrexcrypto presents a different picture. The 4-hour chart reveals that FLOKI broke below its ascending trendline, creating a low sweep that touched the support zone between $0.00013060 and $0.00012867. This drop activated the analyst’s second entry level as the price pierced previous support.

Source:X

According to Tryrex, this move could represent a liquidity grab before a bounce. A projected target of around $0.00017313 is shown on the chart if recovery gains traction. Volume remains steady around the dip zone, suggesting traders are actively positioning. For any bullish scenario to resume, the price would need to reclaim the broken trendline or form a higher low pattern above it.

Traders Monitor Reaction Around Key Levels

With FLOKI Price trading just above critical support, traders are closely watching price behavior near the $0.00013000–$0.00013500 zone. A decisive move above short-term resistance or a confirmed higher low could shift momentum in favor of buyers. Until then, caution may prevail, especially if volume fails to confirm a reversal attempt.

Despite the recent decline, long-term structure and analyst projections indicate room for further upside if the current levels hold. The next sessions will be pivotal in determining whether FLOKI resumes upward momentum or continues consolidating. Observers are likely to monitor price action closely to evaluate the strength of any rebound and the potential for renewed trend continuation.

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Filed under: Bitcoin - @ July 24, 2025 11:00 pm