FLOKI Surges 17% as Trading Volume Jumps 75%

FLOKI price has surged by over 17% in the past day, reaching $0.0001107 and securing a spot among the top five gainers in the market. This upward trend is supported by a 75% increase in trading volume, indicating a growing interest in the token. The rally is fueled by both positive chart signals and increased activity within the FLOKI ecosystem.

Top analyst ZAYKChart highlighted on X that FLOKI price has broken out of a long-term descending trendline and successfully completed a retest on the daily chart. This development suggests a potential continuation of the bullish wave if buying pressure remains strong. The chart analysis shows that FLOKI has been in a downtrend since late 2023, with a series of lower highs and lower lows. However, this trend began to shift in mid-May when the token started forming higher lows, signaling renewed buyer interest. The breakout in July marked a significant change in structure, and the successful retest confirmed that the trendline had turned into support.

Currently, FLOKI price is holding strong above the $0.00011 level after breaking out of its long-term downtrend. The former resistance level has now flipped into support, and with momentum building, traders are watching for the next move toward $0.00014 or even $0.00018. There is minimal resistance between the current price and these levels, suggesting that a bigger push could be on the horizon if buying pressure continues.

Beyond technical signals, the launch of FLOKI’s play-to-earn game Valhalla on the opBNB chain on July 1 has played a significant role in driving market sentiment. The game attracted over 1,000 active players and recorded more than 125,000 NFTs minted within the first days. The on-chain activity around FLOKI’s ecosystem has been rapidly increasing, with over one million transactions recorded so far. This spike in user engagement aligns with FLOKI’s recent price rally and supports the narrative that FLOKI is building real utility, moving beyond its memecoin status.

Another catalyst for the rally is the listing of FLOKI on Webull Pay, a U.S.-based payment and trading app with over 24 million users. The listing, confirmed on July 9, opened the door for increased retail access to the token. Following the listing, FLOKI’s trading volume jumped by 55%, hitting $187 million. This surge in activity suggests that retail traders are actively participating in the market, and the buzz around a possible Robinhood listing is keeping the community engaged. While nothing has been confirmed by Robinhood yet, the speculation alone is maintaining the community's enthusiasm.

With the chart breakout, the push from Valhalla’s launch, and new listings like Webull, FLOKI is gaining attention from both retail investors and active traders. Technical analysts are closely monitoring the price movement, and the ongoing ecosystem improvements are backing up the positive outlook. If FLOKI price holds above important support levels and trading volume remains solid, this setup could continue climbing in the coming weeks.