Floki Approaches Breakout Point After Sharp Correction, Eyes Recovery Toward $0.0001500

Trading at $0.0001102, FLOKI is trying to break out of a descending wedge as it touched support at $0.000104.

The token lost 15.8% this week but may enjoy higher lows and stable volume, forming a range of $0.0000996 and $0.0001116.

A bullish continuation beyond $0.0001116 may be followed by a 40 -45%% extension move to the former support ceiling at the 0.0001500.

Floki (FLOKI) recently made a large price move, appreciating nearly 2x from its earlier consolidation zone.The token experienced a dramatic growth followed by a corrective phase that resulted in losses of 15.8% in the last week. Currently, Floki was priced at $0.0001102, which is a bit lower than the o.0001116 resistance area.

Technical evaluation indicates that FLOKI is trying to move out of a collapsing wedge pattern after making a positive recovery above a major support level at $0.000104. The setup has been closely monitored as the asset strives to reclaim lost territories.

Price Pullback Meets Key Technical Structure

Rising to almost the $0.0001800 mark, FLOKI retreated, finding its way into a downward channel. The corrective formation developed into a falling wedge which is a tendency observed when a market is consolidating following a powerful rally. Over this time, FLOKI was tightly traded, with a range of only 0.0000996 to 0.0001116.

Source: (X)

Since then, the price has recovered to the lower end of this wedge, then resisting the upper trendline. A breakout from this wedge has started to form, aligning closely with the $0.0001102 level. The key support at $0.000104 has held throughout the correction, offering stability despite downside pressure.

Volume Stabilization and Range Support Provide Recovery Setup

Notably, the asset has respected the base formed at $0.000104, which coincides with a previously contested resistance zone. This area now acts as a firm support base. Over the last 24 hours, FLOKI has traded between $0.0000996 and $0.0001116, with relatively stable volume suggesting reduced selling pressure.

The price structure remains tight, but with directional bias tilting higher. Historical context shows that this level marked the breakout area before the prior rally. With current price action forming higher lows, traders are watching for momentum continuation toward previous highs near $0.0001500.

Rebound Target Aligns With Prior Rally Zone

The previous rally extended from the $0.0000880 zone to a peak of $0.0001800, marking a 102% upside move. If the current wedge breakout sustains, a projected 40–45% move would align with the mid-range of the previous peak, around $0.0001500.

Currently, FLOKI trades just beneath immediate resistance. A confirmed close above $0.0001116 could validate further upside. The asset remains above its nearest support of $0.000104, which has now been tested several times over the correction. FLOKI’s breakout attempt continues to evolve as price approaches a decisive range.