Altcoins News
By Julie Binoche
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FLOKI [FLOKI], has made a strong comeback in May after months of underperformance. The token saw a notable spike in both price and volume, with its daily trading volume jumping…
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The recent rally was not just a price event—it marked a structural shift in FLOKI’s daily chart. The coin had been in a clear downtrend since mid-December 2024.
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Fueling this bullish case are technical indicators showing increasing demand. The On-Balance Volume (OBV) indicator has moved above its previous highs from February 2025—levels…
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Based on the Fibonacci retracement levels from FLOKI’s major move in November 2024, the next significant target lies at the 61.8% retracement mark, near $0.000135 to $0.00014.
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However, the path to higher prices may not be straightforward. Recent liquidity data reveals that the $0.
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A closer examination of the 1-week liquidation heatmap reveals that the $0.0001 mark and the $0.000092–$0.000095 range are dense with liquidation clusters.
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Of course, much of FLOKI’s price action is still correlated with Bitcoin [BTC] and the broader crypto market sentiment.
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In conclusion, FLOKI appears well-positioned for further upside if it can maintain its bullish structure and capital inflows. The key support levels to watch are $0.
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