FLOKI Breaks Above the Bullish Pattern May Surge By Over 200% in the Mid-Term!

FLOKI Breaks Above Bullish Pattern, Surge of Over 200% Possible in Mid-Term

Originally published on Coinpedia Fintech News

The start of the week witnessed a significant shift from top tokens to memcoins. Pepe led the markets with exceptional performance, reaching new highs in a short timeframe. Notably, FLOKI outperformed all top gainers, demonstrating the potential for a surge of over 200% in the coming days.

After enduring bearish pressure, FLOKI price surged above the bearish range, attracting substantial liquidity. The increased buying volume indicates reduced interference from bears, as selling volume has diminished significantly.

Can FLOKI Reach a New ATH Above $0.0004 This Month?

FLOKI has broken above a critical symmetrical triangle after several attempts. The significant buying volume suggests strong bullish interest. Post-breakout, bulls may consolidate due to buying fatigue. However, technical indicators suggest a bullish trend, supporting a potential new ATH.

The Ichimoku cloud has indicated a bullish signal, with lead span B and span A poised for a positive crossover. Additionally, the MACD is trending towards the bullish zone after a negative period.

Consequently, FLOKI is expected to maintain an upward trajectory, initially targeting the resistance zone between $0.00025 and $0.00026. This could trigger a further surge above $0.0003. As the price enters a discovery phase, a new ATH above $0.0004 is plausible within the next few weeks.