FLOKI Hits $1B Market Cap As Analysts Target $0.000224 After Technical Breakout

FLOKI's chart shows an 18x price potential based on historical support and cup pattern.

Honey’s analysis projects continued bullish movement, targeting $0.000224 as key resistance.

FLOKI surpasses $1B market cap, with a strong 24-hour surge and increased trading volume.

FLOKI’s price and market cap surged sharply this week, signaling renewed momentum following a major breakout. Analysts point to structural reversals, historical support zones, and an 18x target built on strong technical grounds.

Technical Setup Signals Cup Reversal Potential

Source: CryptoELITES

As we can see from the post above, one bullish analyst, CryptoELITES, has presented a detailed analysis of FLOKI’s trajectory. His chart plots a parallel ascending channel with recurring bottoms near $0.00007, forming the setup for a potential cup-shaped recovery. The current price near $0.000098 sits along the lower quadrant, aligning with previous reversal zones.

According to CryptoELITES, the price has respected the lower channel for over a year. Each bottom produced an upward move toward the mid or upper range. His analysis points to a target of $0.000989439, an 18x increase from the base, based on prior breakout amplitude.

He also highlighted Fibonacci levels drawn from the 2024 peak. FLOKI recently bounced above the 23.6% retracement, a common early trend confirmation zone. The price maintains higher lows with a curved recovery forming, hinting at parabolic acceleration.

Retest Phase Confirms Support Structure

Not only that, but there's also another bullish view from chart analyst Honey, who has provided further confirmation. Her daily chart outlines an accumulation zone between $0.000056 and $0.000085 from March to April 2025. In early May, the price broke out and briefly hit $0.00013 before retesting prior resistance.

Source: Honey

According to Honey, the price now holds above $0.000101 after retesting the $0.000085 breakout zone as new support. She identified $0.000224 as the next major resistance, a level last tested in December 2024. Her projection suggests a continuation toward that high, if support sustains.

She also noted the breakout’s timing followed a seven-week consolidation, mirroring reversal phases from earlier cycles. Her outlook remains bullish, with a focus on structure rather than volume, which was not visible in the chart.

Market Cap Milestone Adds Momentum

On top of that, there’s the fact that FLOKI just crossed $1 billion in market cap, as tracked by CoinMarketCap. On May 10, the token reached $0.0001056 with a 24-hour gain of 9.57%. Trading volume surged to $308.86 million, reflecting strong participation and confirming market strength.

The move lifted FLOKI’s rank to 76th among all cryptocurrencies. It also marked a $104 million increase in market cap within a single session. The closing price stayed near daily highs, reinforcing bullish sentiment.