FLOKI Breaks Two-Month Falling Wedge as Price Action Signals Strong Local Bottom

FLOKI breaks a two-month falling wedge while aligning with 200DMA, signaling a strong local bottom.

Whale wallets accumulate 27.24B FLOKI as exchange balances drop, reducing selling pressure on supply.

FLOKI trades near $0.00009959 with a $925M market cap, holding steady above the $0.000095 support zone.

FLOKI has shown renewed technical strength after an extended period of consolidation. The token has broken out of a two-month falling wedge while bouncing off a five-month-old trendline. Its price action also aligns with the 200-day moving average, forming one of the strongest arguments for a local bottom among altcoins.

Technical Breakout and Market Structure

FLOKI’s chart confirms a breakout from a descending wedge that contained price for two months, according to analysis prepared by PostyXBT. The move coincided with a bounce from a long-standing trendline, reinforcing support at critical levels. The alignment with the 200DMA added strength to the setup, marking a strong confluence of bullish signals.

Current market data shows FLOKI trading at $0.00009959 after recovering from lows near $0.00009220. According to an observation by Phoenix, price is now testing a four-hour supply zone while remaining above short-term moving averages. Trading volume expanded during the breakout, indicating market participation and momentum in favor of buyers.

Source: Phoenix(X)

The market capitalization stands at $925.12 million, with a circulating supply of 9.53 trillion tokens. The seven-day performance shows a steady upward trajectory, with FLOKI peaking above $0.00010000 on September 9 before consolidating. The token has maintained stability above $0.00009500, reflecting consistent upward pressure within the broader market structure.

On-Chain Activity and Accumulation

On-chain metrics provide further support for FLOKI’s technical recovery. Whale holdings increased by 4.63% in one week, representing a 27.24 billion FLOKI accumulation. Exchange balances also dropped by 1.3% to 2.13 trillion tokens, suggesting reduced selling pressure and stronger holding behavior across large wallets.

Trading activity over the past 24 hours recorded $75.57 million in volume, while the fully diluted valuation was reported at $936.59 million. The number of holders has reached 556,890, reflecting broad community backing. Active participation continues to support liquidity, with FLOKI maintaining one of the largest meme coin communities.

Analysts note that the next technical step requires a local support and resistance flip. If price holds above this area, FLOKI could sustain its upward continuation. The confluence between wedge breakout, long-term trendline rebound, and 200DMA positioning confirms its strong case for a local bottom.

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