FLOKI Surges 33.1% Breaking Key Downtrend

FLOKI, a prominent cryptocurrency, experienced a significant surge of 33.1% within a 24-hour period, breaking above a key downtrend and reclaiming the $0.0001200 structure level. This surge is notable as it follows an extended period of accumulation and a clear breakout from a descending trendline that had been capping the upside since May. The price currently trades at $0.0001334, with the next major resistance level identified at $0.0001381.

The rally began after FLOKI successfully broke through the descending trendline, which had been a significant barrier since May. This technical reversal occurred just above the $0.0001007 support zone, an area that was previously tested in early July. Once the trendline was broken, FLOKI surged quickly, closing above the key supply-resistance (SR) zone and confirming a structure shift. The asset reclaimed the $0.0001200 zone with high volume, a level that had previously served as both support and resistance throughout 2024, making the recent retest significant. By clearing this zone, FLOKI created the conditions for a potential retest of the $0.0001381 resistance, last touched in late March.

The price structure above $0.0001200 suggests a roadmap toward untapped liquidity that remains overhead. These include levels previously marked by fast rejection or low-timeframe selloffs during prior rallies. The chart indicates that liquidity pools from earlier breakdowns have not yet been revisited. The daily candle shows buyers stepping in around the mid-range, where FLOKI flipped former resistance into intraday support. If current levels are maintained, there is room for price expansion into higher zones, supported by previous volume voids and inefficiencies. Several untested wicks remain above the $0.0001400 level, further supporting the view of active liquidity zones above.

FLOKI's strength was not limited to USD pairs. In the past 24 hours, FLOKI has experienced a gain of 32.6% against BTC and 20.4% against ETH. Such profits solidify the oversized demand across trading pairs, giving weight to the existing movement. The breakout also comes as the altcoin market begins to strengthen. FLOKI now sits in a zone where trend continuation is possible if support holds. The $0.0001334 level remains the price to watch in the coming sessions.