- Elon Musk’s viral post featuring Floki sparks a surge in FLOKI’s trading volume.
- FLOKI rebounded from key support, hinting at a possible bullish reversal.
- Analysts eye $0.00009 and $0.005 as major upside targets if momentum continues.
Elon Musk’s social media activity once again sent shockwaves throughout the crypto market. The entrepreneur, famously known as the “Dogefather,” shared a video of the Shiba Inu dog Floki acting as the CEO of X. The post went viral, triggering a renewed wave of enthusiasm around Floki Inu — FLOKI . Within hours, the token spiked to a 10-day high of $0.00009 before retreating slightly as traders took quick profits.
FLOKI Price Analysis: Key Levels and Market Outlook
The surge mirrored previous patterns when Elon Musk mentioned the meme-inspired coin. In early 2023, his humorous tweet naming Floki as Twitter’s successor sent the token soaring by 140% in a single day. The latest rally may not have matched that figure, but it reignited the same community energy that keeps FLOKI among the most-watched meme coins. FLOKI’s weekly chart reveals trading activity inside a descending channel since early 2024.
The coin recently bounced from a crucial horizontal support zone near $0.00004–$0.00005. This rebound could signal the early stages of a mid-term bullish reversal. Technical indicators show mixed signals but lean toward potential recovery. The Relative Strength Index (RSI) stands at 41.17, suggesting limited downside pressure. Meanwhile, the MACD continues to flash bearish readings, though momentum appears to be softening.
If the support around $0.00004 holds firm, the next major resistance sits near $0.00009. A decisive move above that level may pave the way toward the upper channel boundary. Breaking through this resistance could push the price of SHIB $0.005. Such a move would represent a staggering 7,500% gain from current prices.
Musk Effect and Market Sentiment
Elon Musk’s influence continues to be a key catalyst for meme coins. His viral post led to a 161% surge in FLOKI’s trading volume, according to CoinMarketCap. The spike indicates rising interest among retail traders who see opportunity in the hype-driven momentum. However, failure to sustain the $0.00004 support might extend losses toward $0.000028, signaling another 40% dip.
Traders should watch these levels closely to confirm the next trend direction. While short-term volatility remains a concern, increased activity around FLOKI suggests growing confidence in its potential. Many investors view this as an early accumulation phase before another strong leg upward.If the bullish narrative strengthens alongside social buzz, FLOKI could reclaim higher resistance levels faster than expected.
The combination of technical recovery and Musk’s unpredictable social influence might give the meme token the spark it needs to shine again. In the short term, traders remain alert for confirmation of a breakout. But in the long run, the renewed excitement around FLOKI hints that Musk’s spotlight might have just set the stage for another explosive rally.
