FLOKI Price Prediction: Multiple Favourable Information Boosting rise Expectations, Likely to Hit 0.000196 USD

FLOKI breaks through the downward trend line, turning support into a new starting point According to data from crypto.news, FLOKI has broken through the long-term downtrend line that has dominated since the end of 2023, successfully completing a daily level pullback confirmation. Since mid-May, the coin has gradually emerged from the slump and begun to build a structure of "higher lows and higher highs." After breaking through the trend line, it has stabilized above $0.00012, forming a new upward platform.

Breaking free from channel pressure, the bullish structure further solidifies FLOKI not only broke through the trend line but also escaped from the descending parallel channel since May, which enhances its bullish technical pattern. The current price is facing pressure at the 61.8% Fibonacci retracement level of $0.000167. If the daily close is above this level, it is expected to further challenge $0.000196 (78.6% retracement level), which is about 52% higher than the current price.

Technical indicators uniformly bullish, golden cross and momentum strengthening The daily chart shows that FLOKI's 20-day moving average has crossed above the 50-day moving average, indicating a short-term bullish signal from a technical perspective. The MACD fast line continues to run above the slow line and is moving upwards, maintaining positive momentum. The RSI is at 74, which is in the overbought zone, but for memecoin markets, this often indicates strong buying interest rather than an immediate reversal signal.

If a pullback occurs, $0.000102 (50% Fibonacci retracement level) may become a short-term support.

Futures and on-chain data support the upward trend The open interest in FLOKI futures has surged to $76.7 million, with an intra-day increase of 88%; the funding rate has maintained a positive value for a week, indicating market expectations for an upward trend. On-chain data shows that the number of daily active addresses has doubled, reflecting a significant increase in user participation and network activity.

Robinhood rumors spark investment enthusiasm The market has started to discuss the possibility of FLOKI being listed on Robinhood. Although there is no official statement yet, the related rumors are enough to boost investor sentiment and further drive demand.

****FLOKI breaks through the trend line resistance, multiple positive factors boost the expectation for an increaseConclusion FLOKI is experiencing a key breakthrough driven by resonance between technical and fundamental factors, with the price breaking through the trend line, a golden cross signal, active futures, and on-chain data all indicating bullishness, forming a positive market structure. If the price successfully breaks through the current resistance zone, it may initiate a new round of upward momentum. With potential rumors of a Robinhood listing adding support, FLOKI is expected to attract more attention, and investors should monitor key resistance and support levels dynamically, adjusting their strategies flexibly.