Floki Inu Holds Above Key Support Amid Bullish Interest

Floki Inu ($FLOKI) has shown resilience by hovering above a critical support zone, with recent market activity indicating growing bullish interest. The token is currently retesting a key support level around $0.00021, which previously acted as resistance but is now serving as a demand zone. According to analyst Crypto Tony, a sustained hold at this level could support a bullish continuation into Q3 2025. Tony confirmed he remains in an extended position, suggesting confidence in the level holding.

The token broke out of a rising wedge pattern in late 2023, triggering a rally through early 2024. Since then, it has moved within a range capped by resistance at $0.00031 and supported near $0.00021. Technical traders are watching for confirmation signals at this support level. A bounce may trigger a new upward leg, while a breakdown could prompt deeper retracement.

Despite the recent price weakness, FLOKI’s future open interest is climbing, reflecting cautious optimism among traders. Data shows a rising trend in FLOKI futures open interest since April 2025, with open interest now holding above $10 million. This increase in open interest, despite flat price movements in May and June 2025, could signal accumulation or strategic hedging rather than immediate price speculation. The correlation between price and futures positions is a potential indicator of market confidence, but traders are still waiting for a clear breakout before increasing their long exposure.

FLOKI is currently trading at $0.00007164, down 3.57% in the last 24 hours. The token bounced after reaching a local low of $0.00006600, showing signs of bottoming. Volume rose to 112.47 billion during this dip, pointing to increased interest. However, the RSI remains weak at 42.18, with a moving average at 39.90, indicating bearish to neutral short-term market momentum. The $0.00008000 level, once support, now acts as resistance. If FLOKI breaks above $0.00007400, bullish momentum may resume. Otherwise, failure to hold $0.00007000 could open the door for further downside.

Ask Aime: Could Floki Inu's stock rally continue in Q3 2025?