FLOKI’s Wild Ride: Will a 20% Price Leap Leave You Howling with Joy?

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  • Bullish structure break on the 1-day timeframe seemed to be an important development
  • FLOKI’s 4-hour chart outlined a buying opportunity

Oh, FLOKI, you cheeky little memecoin, you! In June, you shed 12.4% of your value like a dog sheds fur during shedding season. But don’t worry, you had a little attempted rally in the second week, and then you tried to break beneath the crucial support at $0.0000745. 🐶💰

But hold on to your leashes, folks! Over the past week, FLOKI reclaimed that support level, and now the bulls are back, trying to push you towards $0.0001. 🚀🌕

That psychological round-number resistance was nearly tested as resistance in June, marking the previous month’s high. It might be the next price target for FLOKI, but it’s still unclear whether there may be enough demand from buyers to drive the price higher. 🤔💸

And let’s not forget about Bitcoin‘s [BTC] volatility around its all-time high. It didn’t help either, but hey, who needs a helping hand when you’ve got a loyal pack of investors? 🐺💸

Bullish structure break for FLOKI gives a promising start to July

On 29 June, FLOKI rose past the previous daily lower high at $0.0000754, thereby making a bullish market structure break. This was followed by higher lows and a higher high, keeping the bullish structure intact. 📈🐾

At the time of writing, although the moving averages highlighted bearish momentum, the price was above the 50 DMA. The RSI also fought its way back above the neutral 50-mark. This gave some glimmer of hope to investors that July could be bullish for the popular memecoin. 🌞📈

The bullish 1-day momentum meant that the 4-hour chart was worth investigating. AMBCrypto found that the local supply zone at $0.00008, which had rebuffed FLOKI bulls since mid-June, has since been breached. Hence, a retest of the $0.000078-$0.000082 area could present swing traders with a buying opportunity. 🛒💰

The next local resistance appeared to be at $0.0000987, just under the psychological resistance. Traders can seek to book profits when FLOKI’s price nears the $0.0001-level, while also waiting for further price action developments. 📈💸

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2025-07-07 11:06