Floki Inu (FLOKI) is flashing major bullish signals as whales continue to accumulate, technical indicators turn favorable, and market sentiment shifts into optimistic territory. With analysts forecasting up to 600% upside, FLOKI could be gearing up for one of its strongest rallies yet in 2025.
Technical Breakout Confirms Bullish Reversal
FLOKI recently broke out of a falling wedge pattern on the daily chart, a formation widely recognized as a bullish reversal signal. Post-breakout, FLOKI continued its upward trajectory, forming consistent higher highs and higher lows — a sign of strengthening momentum.
As of writing, FLOKI is trading around $0.00008702, posting a 4.20% daily gain. The asset has found firm support between $0.00005812 and $0.00006400, while its long-term resistance targets lie at $0.00015367 and $0.00025791. A move toward $0.000292 by May 29, 2025, would represent a 230%+ rally from current levels, with even greater gains possible if whale behavior continues trending bullish.
Whale Activity Supports Accumulation Narrative
On-chain metrics reveal that 87% of FLOKI’s supply is held by large holders, a sign of strong whale interest and long-term conviction. These entities have been actively buying during dips, with recent whale transactions totaling $18.78 million over the past week.
Further data shows that 55% of FLOKI holders are in profit, and 58% have held the token for more than a year, signaling a robust holder base. This long-term holding behavior reduces sell pressure and supports sustained growth potential.
Bitcoin Correlation and Momentum Support Bull Case
FLOKI maintains a strong 0.93 correlation with Bitcoin, meaning it tends to follow BTC’s price movements. As Bitcoin holds near recent highs, this bodes well for FLOKI’s near-term outlook.
On shorter timeframes, the asset has already broken the $0.00007500 resistance zone and flipped it into support. The next resistance level is projected at $0.00012500, with analysts framing past price dips as “buying opportunities.”
Technical Indicators Signal Overbought Conditions, But Bulls Still in Control
While bullish momentum is undeniable, technical indicators suggest a brief cooldown could occur. The Money Flow Index (MFI) currently reads 94.09, and the Relative Strength Index (RSI) is at 70.86, both in overbought territory. Still, these indicators also reflect strong buying pressure.
The Cumulative Volume Delta (CVD) points to ongoing buyer dominance, suggesting that large players continue to enter the market. Any short-term corrections are likely to find support between $0.00006000 and $0.00006500.
Analysts Remain Bullish — Greed Levels Rising
According to AltCryptoGems and other market analysts, FLOKI’s retracement phase is likely over, with the token entering a new bullish cycle. Forecasts point to $0.000292 by the end of May, with some even expecting a 600% price explosion if broader market conditions align.
The Fear & Greed Index currently reads 56 (Greed), reflecting improving sentiment. Over the past 30 days, FLOKI posted positive returns on 17 trading days, with a price volatility rate of 16.19%.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
