Floki (FLOKI) Bounces Off Key Support – Could This Pattern Trigger an Upside Breakout?

Date: Thu, Oct 02, 2025 | 10:30 AM GMT As the much-anticipated Q4 kicks off, the cryptocurrency market is showing strength with both Bitcoin (BTC) and Ethereum (ETH) climbing over 2% in the past 24 hours. Riding this wave of resilience, several memecoins are starting to flash bullish signals — and Floki (FLOKI) is one of them. $FLOKI is back in green today, but what makes it stand out is its technical structure, which appears to be gearing up for a potential bullish breakout in the near term.

Source: Coinmarketcap Falling Wedge in Play On the daily chart, FLOKI is carving out a falling wedge pattern — a setup often viewed as a bullish reversal structure that tends to emerge at the tail end of prolonged downtrends. Recently, FLOKI slipped toward $0.00007706 after facing resistance at the wedge’s upper trendline. However, buyers quickly stepped in to defend this key support level, sparking a rebound that now has the token trading near $0.00008481.

Floki (FLOKI) Daily Chart/Coinsprobe (Source: Tradingview) The tightening wedge structure signals that pressure is building, with a decisive move likely approaching. What’s Next for FLOKI? If bulls succeed in breaking above the wedge resistance and reclaiming the 50-day moving average at $0.00009533, it would confirm a bullish breakout. From there, FLOKI could set its sights on the next major upside target near $0.0001463, based on the wedge’s projected move. On the other hand, if the breakout attempt fails, the token could once again retest its wedge support before making another push higher. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.