FLOKI Cryptocurrency Breaks Pattern Targeting 50.67% Rally

FLOKI, a cryptocurrency, has recently made a significant move by breaking above a descending broadening wedge pattern, which has caught the attention of traders. This breakout signals a potential rally of over 50% from current levels, with a projected target of $0.00001279. The pattern, which was first identified and forecasted in a tweet on July 6, indicates a possible upside rally following prolonged consolidation. The breakout was confirmed by a recent chart shared by World of Charts on July 8, 2025, at 11:10 UTC+3, showing a successful retest of the wedge’s resistance-turned-support zone. FLOKI is currently trading at $0.000008616 on Binance, registering a 5.12% gain.

The descending broadening wedge pattern is a bullish formation that often indicates the end of a downtrend. FLOKI’s price action within the wedge from early May to July showed consistent lower highs and lower lows. The asset broke above the wedge’s resistance around July 6, followed by a clean retest of the breakout zone. The price bounced precisely from the horizontal support range, indicating renewed buying interest. This retest has validated the breakout and increased confidence in a continued uptrend. Traders often monitor these wedge patterns for strong reversals after consolidation, and with the breakout now confirmed, FLOKI is targeting an upside move of over 50%, aligning with the technical projection in the chart. The clear support zone highlighted in blue further enhances the bullish setup.

Market sentiment appears to have shifted following the chart’s publication. One Twitter user commented that FLOKI retail FOMO is kicking in. Another post expressed thanks for a £500 profit already achieved following the breakout alert. The tweet from World of Charts has received 215 likes, 31 retweets, and 21.3K views, reflecting growing attention. Users are actively tracking the chart pattern and price level shown in the TradingView chart. Some noted the clear structure of the descending wedge and the importance of the retest as confirmation. FLOKI has already seen a 5.12% price increase at the time the chart was captured. The momentum continues to build as the breakout gains attention among retail and technical traders. This could lead to a surge in both price and volume if the target projection is met. The chart’s structure also shows that previous resistance now acts as strong support, giving confidence to holders looking for higher levels.

The chart’s technical structure has presented a high-conviction trade opportunity for short-term and swing traders. With the price now trading above key levels, attention shifts to volume confirmation and market behavior around resistance. Analysts and traders will now watch for signs of continuation or reversal as FLOKI approaches the $0.00001279 level. Sustained buying interest will be crucial to reaching the forecasted target. The price level, marked by the vertical blue range, identifies the estimated peak of the current breakout leg. If buying pressure holds and volume supports the move, FLOKI may realize the 50.67% rally in the coming days. Any retracement back into the wedge zone would invalidate the pattern and call for reevaluation of the bullish scenario. The clear breakout, clean retest, and increasing engagement from the trading community raise one critical question: Will FLOKI reach the projected 50% target or face resistance before hitting it?