Floki Meme Token Plummets 25% Amid Bearish Momentum

Floki, a popular meme token, has experienced a significant downturn in its price, with a sharp decline from its late May high near $0.00010670 to around $0.00007950. This downward trend has been exacerbated by a breakdown below the 100-day exponential moving average, indicating a continuation of the broader downtrend through June 2025. The weekly chart reveals that Floki’s price has been trapped within a long-term descending channel since 2024, with a failed breakout attempt in April 2025 further weakening the market structure.

The daily chart highlights a firm rejection from the $0.000107 area in late May, followed by a decisive close below the key horizontal support near $0.000088. This breakdown has placed Floki’s price at risk of a deeper retracement toward the April low around $0.000073. The loss of this range base could open the door to further selling pressure, potentially targeting the 0.786 Fibonacci retracement at $0.000058.

Volatility is returning to the asset, with Bollinger Bands on the daily chart expanding once again. Floki price volatility has widened in response to broader altcoin weakness, amplifying risk for short-term traders. The 20/50 EMA cluster between $0.000088 and $0.000094 is now acting as a ceiling, further confirming the shift in momentum. Ichimoku Cloud analysis reinforces the bearish outlook, with price remaining well below the Kumo cloud and no bullish crossover in sight.

Momentum oscillators further validate the bearish structure. The Relative Strength Index (RSI) on the 4-hour chart has dipped to 22.10, well into oversold territory. Although a short-term bounce is possible, it would likely be corrective in nature. The MACD indicator remains firmly bearish, with a negative histogram and signal lines diverging lower on both daily and intraday charts. This confirms persistent downside pressure. Stochastic RSI is beginning to flatten near zero on shorter timeframes, a sign that bearish exhaustion could emerge, but only after a potential final leg lower into key demand zones.

The primary driver behind Floki’s price decline is structural resistance rejection at $0.000106, coupled with the failure to hold the breakout zone above $0.000094. Additionally, profit-taking and risk-off sentiment in meme tokens have accelerated losses for Floki, which is now underperforming its peers, including DOGE and SHIB. Without fresh catalysts or bullish divergence, the bears appear to have regained control.

Given the current momentum backdrop, the Floki price update points to a likely continuation of the downtrend in early June. However, if price stabilizes above $0.000073 and forms a higher low structure, a short-term recovery could follow. Bulls would need to reclaim $0.000088 decisively to flip sentiment. For the full month of June, the market will likely remain inside a broader consolidation between $0.000058 and $0.000094, unless macro sentiment shifts or a Floki-specific catalyst emerges.

In summary, Floki’s price has experienced a significant downturn, with multiple indicators suggesting a continuation of the broader downtrend through June 2025. The breakdown below key support levels and the failure to sustain upward momentum point to a structurally weak market. The bearish outlook is reinforced by various technical indicators, including the Ichimoku Cloud, RSI, MACD, and Stochastic RSI. The primary drivers behind the price decline include structural resistance rejection and risk-off sentiment in meme tokens. The short-term and monthly outlook for June 2025 suggests a likely continuation of the downtrend, with potential for a short-term recovery if price stabilizes above key support levels.