FLOKI Trading in a Descending Broadening Wedge, Analysts Warn a Massive Bullish Rally May Be Days...

FLOKI trades in a Descending Broadening Wedge, suggesting a possible upside breakout soon.

Trading volume jumped 463% to $565M, showing strong demand and active market participation.

FLOKI could extend gains by over 150% if momentum holds above key resistance levels.

Floki Inu (FLOKI) is trading within a Descending Broadening Wedge formation on the 3-day timeframe. Analysts note that if the token confirms an upside breakout, a massive bullish rally could unfold in the next coming days. At the time of writing, FLOKI traded near $0.0001025, posting strong gains.

Descending Broadening Wedge Structure

According to analysis prepared by Clifton Fx, FLOKI’s price action has been shaped by two diverging downward trendlines. The upper boundary has acted as resistance while the lower trendline provided support through multiple retests and periods of accumulation.

The recent breakout attempt has pushed price above the resistance area, with candles forming higher lows. This development reflects stronger buying pressure and growing trading activity. The chart projects a potential upside target near the 0.00005000 region, derived from the wedge’s measured move technique.

Source: Coinglass

Volume data supports this view. Coinglass reported a surge in trading participation, with exchange inflows rising by $649,730 on October 4. Analysts observe that sustained inflows could validate broader market entry, especially from investors tracking new crypto products.

Market Data and Institutional Momentum

FLOKI’s latest session recorded a 13.21% daily increase, while trading volume surged 463.77% to $565 million. Market capitalization reached $978.69 million, supported by a fully diluted valuation of $989.94 million. The strong liquidity reflects active demand, with the volume-to-market cap ratio standing at 58.02%.

Source: JavonMarks(X)

The token’s recent progress has also been strengthened by its first European exchange-traded product. The Valour Floki SEK listing on Sweden’s Spotlight Stock Market has provided regulated exposure to the asset. This marks the first BNB Chain project outside of BNB itself to achieve such recognition. Technical levels remain in focus

FLOKI is holding above $0.00010 support, with near-term resistance projected at $0.0001200 and $0.0001450. Javon Marks noted, “FLOKI and an over 150% move back to the $0.00027s and higher may be only a matter of time.” The Descending Broadening Wedge formation on the 3-day timeframe suggests that if the breakout sustains, a massive bullish rally could emerge in the next coming days.

The post FLOKI Trading in a Descending Broadening Wedge, Analysts Warn a Massive Bullish Rally May Be Days Away appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.