FLOKI Reclaims Support Zone After 25% Drop, Eyes 25% Gain

FLOKI, a popular memecoin, has recently shown signs of recovery after briefly dipping below a key support level. Veteran analyst Jelle noted that the token experienced a quick rebound, reclaiming the support zone almost immediately after breaking down from its pennant pattern. This recovery has sparked discussions among traders about a potential short-term rally, given the current bullish chart setup.

Upon closer examination of the chart, it is evident that FLOKI dropped below the pennant, which likely triggered stop losses and shook out weak hands. However, the token quickly recovered and is now holding above the $0.000215–$0.00022 area, which is acting as a solid base once again. This price action is significant as it indicates strong buyer interest and potential for further gains.

Adding to the bullish sentiment is the formation of a golden cross on the 12-hour timeframe. This occurs when the 50 Exponential Moving Average (EMA) crosses above the 200 EMA, a signal that traders often look for when trends are starting to shift. With this crossover aligning with FLOKI's price reclaiming support, many are closely monitoring the situation to see if a breakout from the pennant will follow.

Looking ahead, the immediate upside target for FLOKI is around $0.000028, which represents a possible 25% gain from the current level. The lower support area between $0.000145 and $0.00017 has also proven reliable during the last correction phase. Holding above these zones could help build momentum for further price increases.

The short-term structure of FLOKI shows rising lows and strong recovery behavior, indicating steady buyer interest. The next few price movements will be crucial in determining whether the breakout confirms. The volume and price action at the pennant boundary will likely decide the next direction of the token.

In addition to the technical analysis, FLOKI's presence in the BNB Chain ecosystem has been celebrated by TOKENFIARMY. The post highlighted increasing decentralized exchange (DEX) activity, the upcoming Valhalla game launch, and listings on major platforms. These developments add visibility and support to the project as it continues to move forward.

The FLOKI team has also been actively engaging with the community through real-world efforts. According to Jelle, the project recently sponsored community outreach events in Nottingham. These activities are aimed at supporting brand awareness and adoption, further strengthening the project's community and market presence.