#Floki's price spiked by more than 10% in the last 24 hours following the return of meme coin influencer Roaring Kitty after a three-year absence.
Earlier, $Floki token reached a high of $0.00031387 on March 14th but underwent fluctuations before declining steadily.
Floki's price stayed relatively steady around $0.00013000 until the recent surge.
After being stuck in a correction mode for the past two months, Floki's price has formed a bullish pennant pattern.
Following yesterday's bullish breakout, the meme coin needs to consistently close above the falling logarithmic trend to sustain its bullish momentum.
If $FLOKI manages to surpass the crucial psychological resistance level at $0.00020, it could trigger a 50% surge, targeting $0.00030 in the coming weeks, supported by trend-based Fibonacci levels.
According to Coingabbar analysis, Failure to exceed $0.00020 might prolong consolidation, posing a risk to support at $0.0001600. Further decline below this level could lead to a drop to $0.0001280 for the meme coin.
KEY LEVELS :
RESISTANCE LEVEL : $0.00025000-$0.00032000
SUPPORT LEVEL : $0.00016000-$0.00012000
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