Floki Inu Price Prediction: FLOKI Enters Bullish Trend, Expected to Rise by 30%?

Floki Inu (FLOKI) has successfully broken through its long-term Bear Market trend, breaking the downward channel pattern and entering a bullish trend, with a potential rise of 30%. This price increase has attracted a large number of encryption enthusiasts' attention, and recently there have been several bold predictions about FLOKI on social media X ( formerly known as Twitter).

The recent price trend of Floki Inu and market sentiment

As of the time of writing, Gate.io shows that FLOKI is currently priced at $0.00009411, having risen by 2% within the last 24 hours. During the same period, the participation of investors and traders surged, resulting in a 101% spike in trading volume. This significant increase in price and trading volume suggests strong bullish momentum, which may also indicate that the rise of FLOKI is sustainable.

Key Technical Analysis: bullish outlook

According to technical analysis, FLOKI is currently in a bullish trend and may be about to welcome a large-scale rebound. The daily chart shows that FLOKI has successfully broken through the descending channel pattern and surpassed the key level $0.000088. This breakout paves the way for further pumps.

Key support levels and potential target prices

If FLOKI can maintain support at $0.000088, the asset could rise by 30% and potentially reach $0.0001158 in the near future. However, with the 200-day Exponential Moving Average (EMA) located around $0.00009810, FLOKI may encounter some resistance at this price level. A successful breakout of this EMA would signal the confirmation of a bullish trend, potentially driving the price further up.

On-chain indicators support bullish scenarios

On-chain analysis tool Coinglass shows that market sentiment for FLOKI is becoming bullish. In the past 48 hours, exchanges have seen outflows of FLOKI worth $250,000, indicating that a large amount of funds is accumulating. Such market activity typically signals an increase in buying pressure, which could lead to further price pump.

Leverage Positions and Market Sentiment

Traders are also actively betting bullish, according to the latest data, traders have established a large number of long positions at lower price levels ($0.0000847), and there are fewer short positions established at higher price levels ($0.0000953). At this time, traders have established a total of $834,700 in long positions and $198,100 in short positions. This indicates that most traders are bullish, and if the price breaks through key resistance levels, more traders may join the long camp, thereby pushing the price up.

Conclusion: bullish sentiment supports FLOKI potential

Combining technical analysis and on-chain data, FLOKI's current market momentum is clearly leaning bullish. The breakout from the descending channel pattern, along with a surge in investor interest and an increase in leveraged positions, suggests that FLOKI may continue to pump in the coming days.