FLOKI Surges 40% as Ethereum Leads Crypto Recovery

Generated by AI AgentCoin World
Thursday, Jul 3, 2025 2:00 am ET1min read
ETH
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As the third quarter of 2025 begins, the cryptocurrency market is experiencing a notable recovery from the previous quarter, with

Ethereum
(ETH) leading the way by rallying over 36.5% to trade near $2,575. This broader bullish momentum has positively impacted many altcoins and memecoins, with Floki (FLOKI) emerging as one of the standout performers. FLOKI has climbed more than 40% in the past 90 days, drawing attention to a striking fractal pattern that mirrors a recent breakout move seen on SEI.

FLOKI is currently consolidating within a falling wedge, a classic bullish reversal pattern. This pattern is similar to the one observed in SEI, which broke out above the wedge and crossed both its 50-day and 100-day moving averages, resulting in a 76% price surge. FLOKI is now testing the wedge’s upper resistance near its 100-day MA, suggesting a potential powerful move if it manages to break through this key resistance zone.

To confirm the bullish setup, FLOKI needs to break out of the falling wedge and close above its 50-day MA, currently near $0.000085. A confirmed breakout could open the door to a potential rally toward the $0.000123 resistance zone, marking a possible 54% upside from current levels. However, investors should remain cautious as a rejection from the wedge resistance and failure to hold the breakout may signal further consolidation or a delay in upside momentum, similar to previous fakeouts seen in the memecoin market.

According to the analyst's forecast, the fractal pattern observed in FLOKI suggests a potential for significant price movement, similar to the breakout seen in SEI. This pattern, combined with the broader bullish momentum in the cryptocurrency market, could indicate a strong upward trend for FLOKI in the coming weeks. However, it is important to note that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. Investors should conduct their own research and exercise caution when making investment decisions.