FLOKI Bounces From 0.618 Fibonacci Level, Analysts Target $0.00022 As Recovery Gains Momentum

FLOKI has shown signs of recovery following a correction to the 0.618 Fibonacci retracement level, with technical analysts highlighting a potential move toward the $0.00022 price target. The cryptocurrency stabilized above $0.00013 in mid-June, with ascending trendline support and higher lows reinforcing the bullish structure [1]. The recent price action indicates the correction has concluded, positioning FLOKI for a potential upward trend driven by Fibonacci extension levels [2].

Technical analysis by CW8900 underscores the significance of the 0.618 level as a key support zone during pullbacks. FLOKI’s price touched a low of approximately $0.0001291 before rebounding, suggesting a continuation of the bullish trend after stabilization [3]. The 1.618 Fibonacci extension now serves as a primary focus, with $0.00022 identified as the next target if upward momentum persists [4]. Current trading activity reflects this pattern, with the price stabilizing above $0.0001303 and demonstrating resilience against consolidation pressures [5].

Market metrics provide further context to the bullish outlook. FLOKI maintains a market capitalization of $1.24 billion, ranking it 73rd among cryptocurrencies according to CoinMarketCap. With a circulating supply of 9.54 trillion tokens and a total supply of 9.65 trillion, the fully diluted valuation stands at roughly $1.25 billion. However, trading volume has declined by 33.47% in the 24-hour period to $142.9 million, although the volume-to-market cap ratio of 11.64% suggests ongoing investor participation [6].

Despite the volume contraction, the price structure remains favorable. Early trading hours on July 26 saw increased buying pressure, enabling FLOKI to reclaim the $0.000132 level before consolidating. Analysts note that the ascending trendline support established in mid-June continues to reinforce the bullish case, with higher lows on the chart further validating the recovery phase [7].

Crypto Peer, a market observer, has highlighted FLOKI’s potential for further gains, stating the asset “still has at least 10x potential left in this cycle” [8]. This assessment aligns with the technical indicators suggesting a move toward the $0.00022 extension target. However, the forecast emphasizes that the price action must maintain strength above critical support levels to realize this projection.

The recovery trajectory and Fibonacci-based analysis indicate a strategic focus on key technical levels for FLOKI traders. While the 1.618 extension remains a primary target, sustained buying activity and structural integrity in the chart will be critical for confirming the bullish scenario. Market participants are advised to monitor volume trends and trendline support for potential shifts in momentum.

Source: [1] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[2] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[3] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[4] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[5] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[6] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[7] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)

[8] [FLOKI Recovers From 0.618 Fibonacci Level as](https://cryptofrontnews.com/floki-recovers-from-0-618-fibonacci-level-as/)